Financial Performance - The group recorded revenue of approximately HKD 25.411 billion for the six months ended June 30, 2023, an increase of about 6.1% compared to HKD 23.949 billion for the same period in 2022[2] - Profit attributable to shareholders for the six months ended June 30, 2023, was approximately HKD 1.934 billion, representing a growth of about 20.5% from HKD 1.605 billion in the prior year[2] - Basic and diluted earnings per share for the six months ended June 30, 2023, were approximately HKD 5.37, compared to HKD 4.46 for the same period in 2022[2] - The group reported a total comprehensive income of HKD 26.757 million for the six months ended June 30, 2023, compared to a loss of HKD 7.990 million in the same period of 2022[5] - The group's profit before tax for the six months ended June 30, 2023, was HKD 193,355,000, compared to HKD 160,483,000 for the same period in 2022, representing an increase of approximately 20.5%[41] Cash Flow and Liquidity - Net cash flow from operating activities for the six months ended June 30, 2023, was approximately HKD 2.884 billion, up from HKD 2.723 billion in the previous year[2] - Net cash flow from operating activities for the six months ended June 30, 2023, was HKD 288,390, compared to HKD 272,305 for the same period in 2022, representing an increase of approximately 5%[9] - Net cash flow used in financing activities was HKD (171,909) for the six months ended June 30, 2023, compared to HKD (42,164) in the previous year, indicating a significant increase in financing outflows[9] - The net decrease in cash and cash equivalents was HKD (262,127) for the first half of 2023, compared to HKD (89,108) in the same period of 2022, reflecting a worsening cash position[9] - Cash and cash equivalents at the end of the period stood at HKD 1,282,178, down from HKD 1,547,497 at the end of June 2022, marking a decrease of approximately 17%[9] Dividends - The interim cash dividend declared per share for the six months ended June 30, 2023, was HKD 1.2, compared to HKD 1.0 for the same period in 2022[2] - The interim dividend declared on August 25, 2023, was HKD 0.012 per share, totaling approximately HKD 43,200,000, compared to HKD 36,000,000 for the same period in 2022[45] Assets and Liabilities - The total assets as of June 30, 2023, amounted to HKD 8.312 billion, down from HKD 8.744 billion as of December 31, 2022[7] - Current liabilities decreased to HKD 1.898 billion as of June 30, 2023, from HKD 2.355 billion at the end of 2022[8] - The net asset value as of June 30, 2023, was HKD 4.041 billion, slightly down from HKD 4.058 billion at the end of 2022[8] - The total trade payables decreased to HKD 320,664,000 as of June 30, 2023, down from HKD 359,326,000 at the end of 2022, indicating a reduction of approximately 10.7%[58] - The total bank and other borrowings amounted to HKD 2,695,209,000 as of June 30, 2023, a decrease from HKD 2,807,862,000 in 2022[58] Revenue Breakdown - Environmental hygiene services revenue reached HKD 2,166,830, an increase of 12.7% from HKD 1,922,785 in the same period last year[25] - Hazardous waste treatment revenue was HKD 306,463, slightly up from HKD 302,134, reflecting a growth of 0.4%[25] - The group achieved a total revenue of approximately HKD 306.5 million from hazardous waste treatment services for the six months ended June 30, 2023, compared to HKD 302.1 million for the same period in 2022[86] - The group's revenue from the e-waste treatment business was approximately HKD 67.9 million for the six months ended June 30, 2023, down from HKD 170 million for the same period in 2022, accounting for about 2.7% of total revenue[80] Operational Highlights - The company continues to focus on expanding its environmental hygiene and hazardous waste treatment services in the Chinese market[27] - The number of environmental hygiene service projects remained stable at 152 as of June 30, 2023, with 16 new projects added and 16 terminated during the period[66] - The group has a total of 152 environmental hygiene service projects as of June 30, 2023, compared to 134 projects as of June 30, 2022[78] - The group won a total of 16 environmental hygiene service projects through public bidding, with a total contract value of approximately HKD 1.4 billion and estimated annual revenue of HKD 281 million[68] Cost and Expenses - The cost of goods sold decreased to HKD 199,016,000 from HKD 288,825,000, a reduction of about 30.9% year-on-year[37] - Total financing costs increased to HKD 68,402,000 from HKD 49,370,000, reflecting a rise of approximately 38.6%[37] - Administrative expenses rose to HKD 240.4 million for the six months ended June 30, 2023, compared to HKD 220.0 million in the same period of 2022[91] Strategic Initiatives - The group is advancing a five-year strategic plan focusing on "integrated governance services+" to enhance its response to external business demands[113] - The company aims to strengthen its core competitive capabilities through a "six-force system" and establish an ecological collaborative model for business growth[114] Corporate Governance - The company emphasizes maintaining high levels of corporate governance to enhance performance and ensure transparency and accountability[125] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2023[137] - The interim results announcement will be published on the company's website and the Hong Kong Stock Exchange website[138] Employee and Workforce - The group employed 52,713 employees as of June 30, 2023, compared to 50,436 employees as of June 30, 2022, with total employee costs amounting to approximately HKD 1.301 billion for the six months ended June 30, 2023, up from HKD 1.0407 billion in the prior year[120]

Financial Performance - The company recorded revenue of approximately HKD 4.946 billion for the year ended December 31, 2022, representing an increase of about 11.1% year-on-year[49]. - The profit attributable to shareholders for the same period was approximately HKD 278 million, a decrease of about 44.7% year-on-year[49]. - The total revenue increased from approximately HKD 4.450 billion in 2021 to approximately HKD 4.958 billion in 2022, representing an increase of about 11.1%[77]. - The environmental hygiene services segment generated revenue of HKD 4.024 billion in 2022, up 18.3% from HKD 3.402 billion in 2021[64]. - The revenue from the electronic waste treatment business was approximately HKD 309.2 million in 2022, accounting for about 6.3% of total revenue[75]. - Total revenue for hazardous waste treatment services was HKD 612.3 million for the year ended December 31, 2022, down from HKD 710.4 million for the year ended December 31, 2021, due to limited operations of upstream enterprises affected by the pandemic[82]. Expenses and Costs - Administrative expenses rose to HKD 474.8 million for the year ended December 31, 2022, compared to HKD 413.5 million in the previous year, primarily due to salary and office expenses increases[7]. - Financing costs increased to HKD 106.5 million for the year ended December 31, 2022, up from HKD 83.3 million in 2021, attributed to higher borrowing and market interest rates[9]. - Other net expenses rose to HKD 58 million for the year ended December 31, 2022, compared to HKD 16.4 million in the previous year, mainly due to increased impairment losses on trade receivables[8]. - Total employee costs for the year were approximately HKD 2.491 billion, up from approximately HKD 1.822 billion in the previous year[42]. - Labor costs for environmental hygiene service workers increased due to adjustments in minimum wage regulations in several cities and provinces in China[80]. Capital and Debt - As of December 31, 2022, the company had total capital expenditures of HKD 864.2 million, an increase from HKD 807.4 million in 2021[25]. - The company's cash and cash equivalents were approximately HKD 1.601 billion as of December 31, 2022, down from HKD 1.6889 billion in 2021[23]. - The net debt ratio as of December 31, 2022, was 29.7%, an increase from 14.9% in 2021, primarily due to bank borrowings for business expansion[24]. - The company’s bank and other borrowings increased to HKD 2.8079 billion as of December 31, 2022, from HKD 2.3158 billion in 2021, reflecting ongoing business expansion[24]. Operational Performance - The average turnover days for trade receivables and notes increased to 142 days in 2022 from 111 days in 2021, indicating a longer collection period[18]. - The actual processing volume for hazardous waste treatment decreased from 204,584 tons in 2021 to 186,269 tons in 2022, a reduction of 9.0%[37]. - The average selling price for hazardous waste treatment services dropped from HKD 2,171 per ton in 2021 to HKD 1,923 per ton in 2022, a decline of 11.4%[38]. - The gross margin for hazardous waste treatment services decreased from 31.9% for the year ended December 31, 2021, to 18.4% for the year ended December 31, 2022[36]. - The gross profit margin for environmental hygiene services decreased from 25.1% for the year ended December 31, 2021, to 21.8% for the year ended December 31, 2022, primarily due to increased labor costs and rising fuel prices[79]. Strategic Initiatives - The company anticipates an increase in the actual processing volume of its harmless disposal projects and rapid expansion of the environmental sanitation service market in 2023[27]. - The company aims to enhance operational standards and capabilities in 2023, focusing on customer service and operational efficiency[27]. - The group is implementing a digital governance strategy to improve service quality and customer satisfaction, focusing on operational excellence and team management[53]. - The group plans to leverage policy developments and market opportunities to expand its environmental sanitation and hazardous waste treatment services in 2023[58]. - The company aims to enhance its operational quality and efficiency through the implementation of a smart sanitation system and a comprehensive urban management platform[54]. Governance and Compliance - The board of directors is responsible for leading, guiding, and supervising the group's business and strategic decisions, ensuring compliance with corporate governance standards[99]. - The board consists of eight members, including three independent non-executive directors, meeting the listing rules requirements[101]. - The company emphasizes ongoing professional development for all directors to enhance their knowledge and skills regarding corporate governance practices[110]. - The audit committee is responsible for overseeing the effectiveness of the financial reporting system and risk management processes[118]. - The company has established three committees: the audit committee, nomination committee, and remuneration committee to enhance corporate governance practices[117]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[182]. - The company is investing in R&D for new technologies, with an allocation of $50 million for the upcoming year[179]. - Market expansion efforts include entering three new provinces in China, aiming for a 10% market share in these regions by 2025[178]. - A new product line is expected to launch in Q3 2023, projected to contribute an additional $30 million in revenue[179]. - The management team emphasizes sustainability initiatives, aiming for a 20% reduction in operational carbon footprint by 2025[182].

Financial Performance - The company's total revenue for the year ended December 31, 2022, was HKD 4,945,818,000, an increase from HKD 4,450,165,000 in 2021, representing a growth of approximately 11.2%[14] - The net profit attributable to shareholders for the year was HKD 277,706,000, a significant decrease from HKD 502,033,000 in 2021, reflecting a decline of about 44.7%[18] - The revenue from environmental hygiene services reached HKD 4,024,333,000, up from HKD 3,389,233,000 in the previous year, indicating an increase of approximately 18.8%[14] - The company's earnings per share for the year was HKD 0.077, down from HKD 0.139 in 2021[18] - The company's gross profit for the year was HKD 1,006.6 million, down from HKD 1,162.2 million in 2021, reflecting a decrease of about 13.4%[108] - The group's pre-tax profit for the year was HKD 427.6 million, compared to HKD 719.1 million in the previous year[163] Costs and Expenses - The cost of services provided increased to HKD 3,379,757,000 from HKD 2,738,434,000, marking a rise of about 23.4%[15] - The company reported a total financing cost of HKD 115,070,000, compared to HKD 92,806,000 in 2021, which is an increase of approximately 24.0%[24] - The company received government subsidies amounting to HKD 16,980,000, a decrease from HKD 20,830,000 in the previous year, representing a decline of approximately 18.0%[14] - Administrative expenses increased to HKD 474.8 million for the year ended December 31, 2022, from HKD 413.5 million in the previous year, mainly due to salary and office expense increases[74] Revenue Streams - The total revenue from environmental sanitation services was approximately HKD 4.024 billion, an increase from HKD 3.402 billion in 2021[41] - The group's revenue from hazardous waste treatment services decreased to HKD 612.3 million for the year ended December 31, 2022, down from HKD 710.4 million for the year ended December 31, 2021[183] - The average annual revenue per square meter for environmental sanitation services increased to HKD 13.3 in 2022 from HKD 11.2 in 2021[37] Operational Metrics - The actual processing volume for hazardous waste decreased by 9.0% to 186,269 tons in 2022 compared to 204,584 tons in 2021[44] - The number of environmental sanitation service projects increased to 152 in 2022 from 128 in 2021[41] - The average turnover days for trade receivables and bills increased to 142 days in 2022 from 111 days in 2021[50] Assets and Liabilities - The total assets value reached HKD 8,743,544 in 2022, compared to HKD 8,164,915 in 2021, marking an increase of 7.1%[122] - The total current liabilities amounted to HKD 2,355,034,000 in 2022, up from HKD 1,666,345,000 in 2021, which is an increase of about 41.3%[152] - Non-current liabilities totaled HKD 2,330,377,000 in 2022, slightly up from HKD 2,277,875,000 in 2021, indicating an increase of approximately 2.3%[152] Cash Flow - The net cash flow from operating activities for 2022 was HKD 463,118, a decrease of 14.7% from HKD 542,601 in 2021[113] - The net cash flow used in investing activities improved to HKD (768,749) in 2022 from HKD (897,331) in 2021, indicating a reduction of 14.3%[113] - The net cash flow from financing activities increased to HKD 318,490 in 2022, up by 10.2% from HKD 289,066 in 2021[113] Shareholder Returns - The proposed final dividend is HKD 0.01 per share, with a total annual dividend of HKD 0.02 per share and a payout ratio of 25.9%[107] - The board proposed a final dividend of HKD 0.01 per share for the year ended December 31, 2022, down from HKD 0.03 per share in 2021, pending shareholder approval[169] Future Outlook - The company plans to expand its operations in mainland China, which contributed all external customer revenue during the year[21] - The board is confident that the company's operational standards will further improve and develop starting in 2023[95]

北控城市資源集團有限公司 BEIJING ENTERPRISES URBAN RESOURCES GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) (於 開 曼 群 島 註 冊 成 立 之 有 限 公 司) Stock code 股份代號 : 3718 2022 ( 19 INTERIM REPORT 中 期 報 告 目錄 | --- | --- | |----------------------|-------| | | | | 公司資料 | 2 | | 主席報告 | 3 | | 管理層討論及分析 | 6 | | 簡明綜合損益表 | 14 | | 簡明綜合全面收益表 | 15 | | 簡明綜合財務狀況表 | 16 | | 簡明綜合權益變動表 | 18 | | 簡明綜合現金流量表 | 19 | | 簡明綜合財務資料附註 | 20 | | 須予披露之資料 | 34 | | 企業管治 | 40 | 公司資料 | --- | --- | |---------------------------------------- ...

Financial Performance - The company recorded revenue of approximately HKD 4.4502 billion for the year ended December 31, 2021, representing a year-on-year increase of about 26.4%[5] - Profit attributable to shareholders for the same period was approximately HKD 502 million, reflecting a year-on-year increase of about 17.6%[5] - The group's revenue for environmental sanitation services increased by 20.6% to HKD 3,402,146,000 in 2021 from HKD 2,820,959,000 in 2020[12] - The hazardous waste treatment business revenue rose by 47.1% to HKD 710,418,000 in 2021, compared to HKD 483,073,000 in 2020[12] - The group achieved a net profit attributable to shareholders of HKD 571,636,000 in 2021, reflecting a 9.1% increase from HKD 524,079,000 in 2020[12] - Total revenue increased by approximately 26.4% from HKD 3.52 billion in 2020 to HKD 4.4502 billion in 2021, driven by growth in environmental hygiene services and hazardous waste treatment projects[21] - Revenue from environmental hygiene services was approximately HKD 3.402 billion in 2021, compared to HKD 2.821 billion in 2020, with a gross margin decline from 29.5% to 25.9%[22] - Revenue from hazardous waste treatment services increased to HKD 710.4 million in 2021 from HKD 483.1 million in 2020, with a gross margin decrease from 41.0% to 31.9%[24] - The company reported a total comprehensive income of HKD 693,317, a decrease of 9.9% from HKD 769,264 in 2020[159] - The company’s financing costs increased to HKD 83,267 from HKD 72,034, reflecting a rise of 15.5%[159] - Administrative expenses rose to HKD 413,491, up from HKD 339,690, indicating a 21.7% increase[159] Dividends and Shareholder Returns - The company declared a cash dividend of HKD 0.03 per share to reward shareholders for their trust and support[5] - The board proposed a final dividend of HKD 0.03 per ordinary share for the year ended December 31, 2021, compared to no dividend in 2020[46] - The company’s dividend policy aims to ensure sufficient reserves for future development while allowing shareholders to share in profits, considering factors such as actual and expected financial performance[87] - The board of directors will consider various factors, including financial performance and capital expenditure needs, when deciding on dividend distributions[87] Operational Highlights - The hazardous waste disposal volume increased by 46.4% year-on-year, with total designed processing capacity reaching 709,700 tons per year[6] - The company operates 128 environmental sanitation service projects, covering a total cleaning area of approximately 22.64 million square meters[5] - The company secured 23 new environmental hygiene service projects with a total contract value of approximately HKD 2.7 billion and estimated annual revenue of HKD 539.6 million[17] - The total contracted area reached approximately 22.64 million square meters, up from 19.44 million square meters in 2020, with average revenue per square meter decreasing from HKD 13.1 to HKD 11.2[17] - The company has four ongoing projects and four planned future construction projects in hazardous waste treatment as of December 31, 2021[19] Technology and Innovation - The company is focusing on enhancing hazardous waste technology upgrades and optimizing process flows to improve productivity and reduce costs[6] - The company is leveraging digital technology and management innovation to enhance operational efficiency and develop a "Smart Sanitation System"[8] - The company is actively collaborating with schools for research and innovation in hazardous waste projects, resulting in multiple intellectual property achievements[8] - The group plans to enhance digital and intelligent services to modernize environmental governance and improve operational efficiency[11] Corporate Governance - The board emphasized the importance of good corporate governance practices to enhance shareholder value and protect shareholder interests[51] - The board of directors is responsible for leading, guiding, and supervising the group's business and strategic decisions[54] - The company has established a nomination committee to ensure diversity in board member selection based on various factors including gender, age, and professional experience[62] - The independent non-executive directors provide independent opinions on the company's business strategy and performance to protect shareholder interests[57] - The company has established three committees: the audit committee, the nomination committee, and the remuneration committee to enhance corporate governance[67] Risk Management - The company has established ongoing procedures to identify, assess, and manage significant risks, including risk identification, assessment, and management[78] - The audit committee has been tasked with reviewing the effectiveness of the group's risk management and internal control systems, which are deemed effective and sufficient for the reporting year[78] Employee and Talent Development - The group has initiated various talent development programs to strengthen its human resources foundation for business growth[10] - As of December 31, 2021, the group employed 42,175 employees, an increase from 39,406 employees as of December 31, 2020, resulting in total employee costs of approximately HKD 1.8218 billion for the year[42] Financial Position - Cash and cash equivalents were approximately HKD 1.6889 billion as of December 31, 2021, down from HKD 1.7253 billion as of December 31, 2020[36] - Total bank and other borrowings increased to HKD 2.3158 billion as of December 31, 2021, from HKD 1.7586 billion as of December 31, 2020, leading to a net debt ratio increase to 14.9%[36] - The company reported a total of HKD 603.4 million in net proceeds from its initial public offering, fully utilized as per the intended purposes outlined in the prospectus[45] Market Outlook - The environmental sanitation services market in China is projected to grow from RMB 3,091 billion in 2021 to RMB 5,348 billion by 2026[15] - The hazardous waste treatment service business is expected to continue growing in 2022 due to increased project capacity and economic recovery in China[38] Subsidiaries and Investments - The company has established multiple subsidiaries in China, focusing on environmental sanitation services, with total registered capital ranging from RMB 2.1 million to RMB 586.4 million across various entities[168][169][170] - The company holds a 100% indirect equity stake in several subsidiaries, including Beikong (Tangshan) Environmental Services Co., Ltd. and Beikong (Cangzhou Hejian) Environmental Services Co., Ltd.[168] - The company has a total of 20 subsidiaries involved in environmental services, with varying ownership percentages, including 100% ownership in several entities[171][173] Compliance and Regulatory Matters - The company has complied with all applicable provisions of the corporate governance code as of December 31, 2021, except for the deviation mentioned[143] - The independent auditor, Ernst & Young, has confirmed that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2021[148]

(Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock code 股份代號: 3718 2021 INTERIM REPORT 中期報告 目錄 公司資料2 主席報告3 管理層討論及分析6 簡明綜合損益表 15 簡明綜合全面收益表 16 簡明綜合財務狀況表 17 簡明綜合權益變動表 19 簡明綜合現金流量表 20 簡明綜合財務資料附註 21 須予披露之資料 34 企業管治 36 公司資料 | --- | --- | |-------------------------|----------------------------------------| | | | | 董事會 | 總辦事處及香港主要營業地點 | | 執行董事 | 香港 | | 趙克喜先生 （行政總裁） | 灣仔港灣道 18 號 | | 張海林先生 | 中環廣場 67 樓 | | 黃志萬先生 | 6705-07 室 | | | | | 非執行董事 | 中國主要營業地點 | | 周敏先生 （主席） | 中國 | | 李力先生 | 北京市 | ...

北控城市資源集團有限公司 BEIJING ENTERPRISES URBAN RESOURCES GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：3718 ■ ■ 00 21 电 報 & & c 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 主席報告 | 3 | | 管理層討論及分析 | 6 | | 企業管治報告 | 16 | | 董事及高級管理層 | 27 | | 董事會報告 | 33 | | 獨立核數師報告 | 42 | | 綜合損益及其他全面收益表 | 46 | | 綜合財務狀況表 | 47 | | 綜合權益變動表 | 49 | | 綜合現金流量表 | 50 | | 財務報表附註 | 52 | | 五年財務概要 | 124 | 公司資料 | --- | --- | |-------------------------------|----------------------------------------| | 董事會 | 總辦事處及香港主要營業地點 | | 執行董事 | ...

北控城市資源集團有限公司 BEIJING ENTERPRISES URBAN RESOURCES GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：3718 中期報告 2020 1 ① 10 == ■ ■ ■ ■ ■ ■ 目錄 公司資料2 主席報告3 管理層討論及分析6 簡明綜合損益表 15 簡明綜合全面收益表 16 簡明綜合財務狀況表 17 簡明綜合權益變動表 19 簡明綜合現金流量表 20 簡明綜合財務資料附註 21 須予披露之資料 37 企業管治 40 l . ... .. ... .. .. ■ ■ 公司資料 | --- | --- | |-------------------------|----------------------------------------| | 董事會 | 總辦事處及香港主要營業地點 | | 執行董事 | 香港 | | 趙克喜先生 （行政總裁） | 灣仔港灣道 18 號 | | 張海林先生 | 中環廣場 67 樓 | | 黃志萬先生 | 6705-07 室 | | 非執行董事 | 中國主要營業地點 | | 周敏先生 （主席） | 中國 | | 李力 ...

北控城市資源集團有限公司 BEIJING ENTERPRISES URBAN RESOURCES GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：3718 @ @ 0 0 区区区 ■ 0 2019 年報 目錄 | --- | |--------------------------| | | | 公司資料 | | 主席報告 | | 管理層討論及分析 | | 企業管治報告 | | 董事及高級管理層 | | 董事會報告 | | 獨立核數師報告 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 財務報表附註 | | 四年財務概要 | 2 3 6 14 25 31 41 45 46 48 49 51 124 公司資料 | --- | --- | |-------------------------|----------------------------------------| | 董事會 | 總辦事處及香港主要營業地點 | | 執行董事 | 香港 | | 趙克喜先生 （行政總裁） | 灣仔港灣道 18 號 | | 張海林先生 | ...