Financial Performance - The company's revenue for the six months ended June 30, 2022, was RMB 521,101,000, a decrease of 41.2% compared to RMB 886,491,000 for the same period in 2021[10] - Gross profit for the same period was RMB 64,014,000, representing a gross margin of 12.3%, compared to RMB 48,433,000 in 2021[10] - The net profit for the period was RMB 14,941,000, down from RMB 16,306,000 in the previous year, indicating a decline of 8.3%[10] - The company reported a net profit of RMB 14,941,000 for the six months ended June 30, 2022, compared to a net loss of RMB 353,379,000 at the beginning of the year[15] - The company's total comprehensive income for the six months ended June 30, 2022, was RMB 17,095,000, compared to RMB 15,811,000 for the same period in 2021[15] - Basic earnings per share for the six months ended June 30, 2022, were RMB 0.285, down from RMB 0.308 in the same period of 2021[74] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 766,138,000, an increase of 8.5% from RMB 705,971,000 at the end of 2021[7] - The company's total equity increased to RMB 304,305,000, up from RMB 287,210,000, reflecting a growth of 5.5%[7] - The company’s total liabilities decreased from RMB 1,000,000 to RMB 800,000, reflecting improved financial health[15] - Total liabilities as of June 30, 2022, were RMB 461,833,000, with Shandong Xingsheng at RMB 401,829,000 and Hami Xinxing at RMB 179,915,000[40] Cash Flow and Financial Health - Cash and cash equivalents rose significantly to RMB 311,777,000, compared to RMB 191,286,000, marking an increase of 63.0%[7] - The net cash flow from operating activities for the six months ended June 30, 2022, was RMB 178,091,000, significantly up from RMB 30,493,000 in the same period of 2021, representing a growth of approximately 482%[18] - The company incurred a loss of RMB 15,000 from tax payments during the reporting period, indicating a minimal tax burden[18] - The company’s financing activities resulted in a net cash outflow of RMB 35,894,000, compared to RMB 12,971,000 in the same period of 2021[18] Inventory and Receivables - The company reported a decrease in inventory to RMB 34,227,000, down 63.1% from RMB 92,643,000 in the previous year[7] - Accounts receivable increased significantly to RMB 34,656,000 as of June 30, 2022, compared to RMB 22,044,000 as of December 31, 2021, marking an increase of about 57.1%[47] - The net amount of accounts receivable and notes receivable reached RMB 31,151,000 as of June 30, 2022, up from RMB 18,539,000 as of December 31, 2021, reflecting a growth of approximately 67.8%[47] Operational Efficiency and Cost Management - The company aims to improve operational efficiency and reduce administrative expenses, which were RMB 35,264,000 for the period, up from RMB 27,897,000 in 2021[10] - The financial costs for the period were RMB 7,097,000, a slight decrease from RMB 8,715,000 in the previous year[10] - Distribution costs and administrative expenses increased by approximately RMB 6.4 million or 21.5% to about RMB 36.2 million, mainly due to R&D measures related to advanced processing technology[116] Market and Product Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - The company plans to continue expanding its titanium iron mining operations and has made significant progress in technical cooperation with the Chinese Academy of Sciences and the Russian Academy of Sciences[89] - The company is actively pursuing cooperation in wind power and photovoltaic projects to create new economic growth points[124] Environmental and Sustainability Initiatives - The company plans to implement environmental remediation and land reclamation projects at Yangzhuang Iron Mine, aiming to convert tailings into new economic growth points[92] - The company is focusing on sustainable operations and environmental restoration to create new economic growth points[123] - The company is actively pursuing carbon market projects and has been focusing on low-carbon and environmentally friendly production processes[92] Shareholder and Financing Activities - The company did not declare any interim dividends for the six months ended June 30, 2022, consistent with the previous year[76] - The company has an unused credit facility of RMB 78,000,000 as of June 30, 2022[64] - The company’s major shareholder provided a loan of RMB 42,000,000, which remains unpaid as of June 30, 2022[64] Other Financial Metrics - The company received government grants totaling RMB 67,000, a decrease from RMB 91,000 in the prior year[67] - The company reported a foreign exchange loss of RMB (4,510,000) compared to a gain of RMB 5,296,000 in the previous year[67] - The company has capital commitments of RMB 43 million as of June 30, 2022, unchanged from December 31, 2021[81]

Financial Performance - The company reported a total comprehensive loss of approximately RMB 30.3 million for the year ended December 31, 2021, compared to a total comprehensive profit of approximately RMB 61.8 million for the same period in 2020[7]. - Operating revenue increased to RMB 667.8 million, a 69.1% increase from RMB 966.0 million in the previous year[7]. - The company reported a revenue of approximately RMB 1,633.8 million for the year ended December 31, 2021, an increase of approximately RMB 667.8 million or 69.1% compared to RMB 966.0 million for the year ended December 31, 2020[21]. - The total comprehensive loss for the year ended December 31, 2021, was approximately RMB 30.3 million, a decline from a comprehensive income of approximately RMB 61.8 million for the year ended December 31, 2020[23]. - The gross profit decreased from approximately RMB 78.2 million (gross margin of 8.1%) for the year ended December 31, 2020, to approximately RMB 33.4 million (gross margin of 2.0%) for the year ended December 31, 2021[85]. - The gross profit margin for iron ore powder trading decreased from 41.7% in 2020 to 29.9% in 2021, significantly impacting overall profitability[84]. - Other income for the year ended December 31, 2021, was approximately RMB 2.1 million, a decrease from approximately RMB 60.4 million in the previous year, primarily due to a one-time compensation received in 2020[87]. - The total cost of sales increased by approximately RMB 712.6 million or about 80.3% to approximately RMB 1,600.3 million for the year ended December 31, 2021, compared to approximately RMB 887.7 million for the year ended December 31, 2020[80]. Mining Operations and Reserves - The Yangzhuang iron ore mine has a confirmed reserve of 28.8 million tons, with the reserve registration proof obtained and preliminary review passed by local authorities[7]. - The company confirmed a rare earth reserve of 3,549 tons at the Yangzhuang iron ore mine, with a metal content of 4.47 tons and an industrial grade of 0.12%[8]. - The Yangzhuang Iron Mine has a confirmed reserve of 28.8 million tons, with a newly assessed rare earth mineral reserve of 3,549 tons and a metal content of 4.47 tons, with a grade of 0.126%[24]. - The Zhuge Shangyu titanium iron mine has proven and probable ore reserves of approximately 546.29 million tons, with an average grade of 5.69% titanium dioxide and 12.81% total iron[38]. - As of December 31, 2021, the total JORC ore reserves for Yangzhuang Iron Mine are estimated at 37.06 million tons, with proven reserves at 5.86 million tons and probable reserves at 31.20 million tons[53]. - The total JORC ore reserves for Zhuzha Shangyu Titanium Iron Mine are estimated at 403.90 million tons, with proven reserves at 199.40 million tons and probable reserves at 204.50 million tons[53]. - The total resource estimate for Zhuzha Shangyu Titanium Iron Mine is 494.9 million tons, with proven resources at 372.6 million tons and controlled resources at 118.3 million tons[56]. - The total resource estimate for QinJiaZhuang Titanium Iron Project is 99.6 million tons, with proven resources at 46.2 million tons and controlled resources at 42.1 million tons[58]. - The total resource estimate for Yangzhuang Iron Mine is 79.0 million tons, with proven resources at 11.3 million tons and controlled resources at 50.1 million tons[55]. Environmental and Sustainability Initiatives - The company plans to accelerate the construction of a low-carbon environmental comprehensive project with an investment of RMB 3 billion, which has received government approval[11]. - The company has received approval for the environmental management and land reclamation plan for the Yangzhuang iron ore mine, allowing for the processing and sale of construction materials[9]. - The company emphasizes green mining practices and aims to integrate these principles into daily operations[36]. - The company has implemented environmental governance and land reclamation plans for the Yangzhuang Iron Mine, converting waste into valuable products to enhance sales and economic growth[24]. - The company aims to enhance cooperation with national research institutions to improve titanium extraction technology and control production costs[29]. - The company will accelerate the construction of the Zhugeshangyu low-carbon environmental project and strengthen cooperation in wind and solar energy projects[97]. - The company emphasizes environmental protection and sustainable development through technological innovation and energy efficiency[193]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all relevant provisions during the year ended December 31, 2021[110]. - The board of directors held four regular meetings during the year, with all members attending all meetings, reflecting strong governance practices[119]. - The chairman and CEO positions are held by different individuals to ensure independence and accountability within the company[126]. - The independent non-executive directors possess strong qualifications in accounting, economics, science, or mining, enhancing the board's effectiveness[127]. - The audit committee was established in April 2012 and consists of three independent non-executive directors, ensuring oversight of financial reporting[111]. - The nomination committee, formed in April 2012, is responsible for board member selection and has been updated to align with corporate governance standards[128]. - The company emphasizes transparency and communication with shareholders, particularly through the annual general meeting[124]. - The board's composition reflects a balance of skills and experience, contributing to effective leadership and governance[117]. - The company has established a formal and transparent process for the selection and appointment of directors to ensure board effectiveness[135]. - The company aims to achieve board diversity by considering various factors, including gender, age, and professional experience[135]. Financial Position and Debt Management - As of December 31, 2021, the company's total borrowings amounted to approximately RMB 180.6 million, a decrease from RMB 189.5 million as of December 31, 2020[91]. - The company's cash and bank balances reached approximately RMB 192.0 million as of December 31, 2021, compared to RMB 136.3 million as of December 31, 2020[91]. - The company's debt-to-equity ratio was approximately 38.6% as of December 31, 2021, up from 36.6% as of December 31, 2020[90]. - The company plans to repay bonds totaling approximately HKD 130 million with a 7.0% annual interest rate due by December 31, 2022, using a loan of RMB 120 million from its chairman[93]. - The company provided a loan of RMB 120 million with no fixed repayment period to Shandong Xingsheng to repay bonds totaling approximately HKD 130 million due within the year[191]. Employee and Talent Management - The company has employed 152 full-time employees as of December 31, 2021, compared to 147 in 2020[102]. - The company believes that the remuneration provided to employees is competitive compared to market standards[141]. - The company has implemented a restricted share award scheme to incentivize and retain employees for sustainable development[140]. - The company has a total of 5 senior management personnel with salaries ranging from HKD 500,000 to over HKD 1,000,000[188]. Risk Management - The board has determined that the risk management and internal control systems are effective and appropriate, although they cannot eliminate all risks[186]. - The risk management system includes identifying risks, assessing their likelihood and impact, and evaluating risk combinations[172]. - The company conducted a risk assessment in 2021 and identified no significant risks[175]. - The internal control system is aligned with the COSO framework established in 2013, ensuring operational effectiveness and compliance with applicable laws[176]. - The internal audit department, composed of qualified professionals, independently evaluates the risk management and internal control systems[185].

愛德新能源投資控股集團有限公司 Add New Energy Investment Holdings Group Limited (於開曼群島註冊成立的有限公司) 股份代號: 2623 | --- | --- | --- | --- | |----------------------------------|-------|-------|-------| | | | | | | | | | | | 目錄 | | | 頁碼 | | | | | | | | | | | | 公司資料 | | | 2 | | 未經審核中期簡明合併財務狀況表 | | | 3 | | | | | | | 未經審核中期簡明合併總綜合收益表 | | | 5 | | 未經審核中期簡明合併權益變動表 | | | 7 | | 未經審核中期簡明合併現金流量表 | | | 8 | | 未經審核中期簡明合併財務資料附註 | | | 9 | | 管理層討論與分析 | | | 24 | | | | | | | 其他資料 | | | 35 | | | | | | 1 愛德新能源投資控股集團有限公司 2021年中期報告 公司資料 | --- | --- | ...

愛德新能源投資控股集團有限公司 Add New Energy Investment Holdings Group Limited (於開曼群島註冊成立的有限公司) 股份代號: 2623 r 年報 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 頁碼 | | | | | 公司資料 | | | | | | 2 | | | | | | | | | | | | | | | | 主席報告 | | | | | | 3 | | | | | 管理層討論與分析 | ...

愛德新能源投資控股集團有限公司 Add New Energy Investment Holdings Group Limited (於開曼群島註冊成立的有限公司) 股份代號: 2623 目錄 | --- | --- | |----------------------------------|-------| | | | | | 頁碼 | | 公司資料 | 2 | | 未經審核中期簡明合併財務狀況表 | 3 | | 未經審核中期簡明合併總綜合收益表 | 5 | | 未經審核中期簡明合併權益變動表 | 7 | | 未經審核中期簡明合併現金流量表 | 8 | | 未經審核中期簡明合併財務資料附註 | 9 | | 管理層討論與分析 | 23 | | 其他資料 | 33 | 1 愛德新能源投資控股集團有限公司 2020年中期報告 1 愛德新能源投資控股集團有限公司 2020年中期報告 公司資料 | --- | --- | --- | |--------------------------------------|------------------------------------------------------ ...

Financial Performance - The total comprehensive loss for the year ended December 31, 2019, was approximately RMB 769 million, a decrease of 24.9% compared to a loss of RMB 1,024 million for the year ended December 31, 2018[19]. - Operating revenue increased to RMB 1,061 million, representing a 48.8% increase from RMB 1,172 million in the previous year[19]. - The company's total revenue for the year ended December 31, 2019, was approximately RMB 323.3 million, an increase of approximately RMB 106.1 million or 48.8% compared to RMB 217.2 million for the year ended December 31, 2018[120]. - The increase in revenue was primarily due to an increase in the turnover from the trading of iron powder by approximately RMB 125.1 million[120]. - The gross profit decreased from approximately RMB 11.2 million for the year ended December 31, 2018, to approximately RMB 1.3 million for the year ended December 31, 2019, a reduction of about RMB 9.9 million[193]. - The overall gross margin decreased from approximately 5.2% for the year ended December 31, 2018, to approximately 0.4% for the year ended December 31, 2019[194]. - The group's consolidated loss for the year ended December 31, 2019, was approximately RMB 76.9 million, a decrease of about RMB 25.5 million or approximately 24.9% compared to RMB 102.4 million for the year ended December 31, 2018[198]. Mining Operations and Reserves - The verified reserves of Yangzhuang Iron Mine are 28.8 million tons, with the reserve registration certificate obtained and geological data submitted for review[19][22]. - The Yangzhuang Iron Mine has an annual exploitable capacity of 2.3 million tons, with mining rights valid until 2019, currently undergoing renewal[47]. - The total proven and probable reserves for the Yangzhuang Iron Mine are approximately 43.93 million tons with an average grade of 24.58% total iron[138]. - The total JORC ore reserves for Zhuge Shangyu Titanium Iron Mine are estimated at 403.90 million tons, with 199.40 million tons classified as proven and 204.50 million tons as probable[157]. - The estimated resource amount for Yangzhuang Iron Mine as of December 31, 2019, is 79.0 million tons, with an average specific gravity of 3.24 tons/cubic meter[159]. - The estimated resource amount for Zhuge Shangyu Titanium Iron Mine as of December 31, 2019, is 494.9 million tons, with an average specific gravity of 3.16 tons/cubic meter[160]. Environmental Management - Cumulative investment in sustainable development exceeds RMB 53.34 million, with approximately RMB 52.22 million allocated for resource conservation and ecosystem restoration[46]. - The company achieved zero wastewater discharge from mining and processing activities, reflecting its commitment to water conservation[93]. - The company has planted a variety of selected plants in the mining area to support carbon offset initiatives[100]. - The company focuses on environmental management to maintain a harmonious relationship with the surrounding ecosystem[91]. - The company has implemented measures to reduce greenhouse gas emissions, including pre-selection of iron ore to lower energy consumption[99]. Employee and Community Engagement - A total of 105 employees were employed at the end of the reporting year, with 65% being administrative support staff and 14.09% aged 20-30[72]. - 100% of employees participated in vocational training, averaging 97 hours of training per employee[80]. - The company provided approximately 400 job opportunities to local communities, including 160 positions in QinJiaZhuang and 50 in ShuiNiu[82]. - The company donated a total of 121,000 RMB to support public education initiatives in the local community[82]. - A total of 263,500 RMB was donated for charitable causes, including support for the elderly and building care homes[83]. Safety and Quality Assurance - The company has a comprehensive safety management policy to ensure employee health and safety, with zero work-related injuries or fatalities reported[65]. - The company has established a strict quality assurance management system to ensure all sold products comply with regulatory requirements and meet customer needs[56]. - No complaints or returns regarding product quality were received during the reporting period, nor were there any recalls due to safety or health issues[57]. Strategic Initiatives - The company plans to enhance its proprietary mineral processing technology to maintain its competitive advantage in traditional mining operations[22][23]. - The company aims to expand its titanium industry chain, including the extraction and processing of titanium ore and related products, in collaboration with research institutions[22][23]. - The company is expanding into clean energy businesses, including wind and solar power, as new economic growth points[119]. - The company plans to enhance internal control management to lay a foundation for performance improvement[25].

Financial Performance - Revenue for the six months ended June 30, 2019, was RMB 152,215,000, a significant increase from RMB 61,206,000 in the same period of 2018, representing a growth of 148%[14] - Gross profit for the same period was RMB 887,000, down from RMB 1,101,000 in 2018, indicating a decrease of 19.4%[14] - The company reported a net loss of RMB 27,390,000 for the six months ended June 30, 2019, compared to a net loss of RMB 30,490,000 in the same period of 2018, showing an improvement of 6.9%[14] - For the six months ended June 30, 2019, the total comprehensive expenses amounted to RMB 30,935,000, a decrease from RMB 36,310,000 in the same period of 2018, representing a reduction of approximately 14.5%[17] - The basic loss per share attributable to the owners of the company for the six months ended June 30, 2019, was RMB 0.006, compared to RMB 0.007 for the same period in 2018, indicating a slight improvement[17] - The company reported a loss of RMB 27,390,000 for the six months ended June 30, 2019, compared to a loss of RMB 30,490,000 for the same period in 2018, showing a reduction in losses of approximately 10.5%[20] - The company reported a total comprehensive loss attributable to owners of approximately RMB 30.9 million for the six months ended June 30, 2019, a decrease of about RMB 5.4 million or 14.8% compared to RMB 36.3 million for the same period in 2018[93] Assets and Liabilities - Total assets as of June 30, 2019, were RMB 478,378,000, a decrease from RMB 500,477,000 as of December 31, 2018, reflecting a decline of 4.4%[12] - Current assets decreased to RMB 197,260,000 from RMB 213,743,000, a reduction of 7.7%[6] - Non-current assets amounted to RMB 281,118,000, down from RMB 286,734,000, indicating a decrease of 2%[6] - Total liabilities increased to RMB 198,825,000 from RMB 189,989,000, representing a rise of 4.4%[12] - The total equity attributable to the owners of the company as of June 30, 2019, was RMB 279,553,000, down from RMB 383,973,000 as of June 30, 2018, indicating a decrease of approximately 27.2%[20] - The asset-liability ratio as of June 30, 2019, was approximately 29.7%, compared to 27.2% as of December 31, 2018[153] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2019, was RMB 5,811,000, significantly reduced from RMB 108,813,000 in the prior year, reflecting a decrease of approximately 94.7%[25] - Cash and cash equivalents at the end of the period were RMB 20,380,000, down from RMB 38,107,000 at the end of June 30, 2018, representing a decline of about 46.5%[25] - The company’s cash flow from financing activities was RMB 29,420,000, primarily from the issuance of ordinary shares, while there were no borrowings during the period[24] - Cash and cash equivalents amounted to approximately RMB 20.4 million as of June 30, 2019, down from RMB 33.4 million as of December 31, 2018[154] Operational Highlights - The company plans to focus on expanding its market presence and developing new technologies to enhance its product offerings[14] - The company has made significant prepayments to suppliers amounting to RMB 34,713,000, a substantial increase from RMB 1,256,000[56] - The company is actively responding to government initiatives by expanding into clean energy sectors such as wind, solar, and thermal energy[91] - The company continues to develop its iron and titanium concentrate business while deepening and expanding the complete industrial chain of titanium metal products[91] - The company is expanding its lithium carbonate business by importing and processing spodumene, capitalizing on the growing demand driven by AI and electric vehicles[166] Shareholder Information - The company has a significant shareholder, Hongfa Holdings Limited, owning 2,048,138,660 shares, representing 41.71% of the company[171] - Zhang Limei, a spouse of a director, holds 2,170,196,660 shares, which accounts for 44.19% of the company[175] - The company has implemented a share option scheme to attract and retain top talent, which was adopted in April 2012[178] - The total number of shares that can be issued under the plan is capped at 360,435,790 shares, representing approximately 7.34% of the issued shares as of the report date[179] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all relevant provisions during the reporting period[185] - The audit committee, established on April 9, 2012, is responsible for overseeing the company's financial reporting and risk management systems[186]

愛德新能源投資控股集團有限公司 Add New Energy Investment Holdings Group Limited> (於開曼群島註冊成立的有限公司) 股份代號: 2623 2018 年報 目錄 頁碼 公司資料 2 主席報告 3 環境、社會及管治報告 8 管理層討論與分析 34 企業管治報告 56 董事會報告 68 董事及高級管理層履歷 78 獨立核數師報告 82 合併資產負債表 92 合併綜合收益表 94 合併權益變動表 96 合併現金流量表 97 合併財務報表附註 98 財務摘要 160 1 愛德新能源投資控股集團有限公司 2018年年度報告 1 愛德新能源投資控股集團有限公司 2018年年度報告 公司資料 | --- | --- | |--------------------------------------------------------------------------------------------|---------------------------------------------------------------| | | | | 董事會 | 中國總部 | | ...