Financial Performance - In 2022, the company achieved revenue of RMB 2.602 billion, a year-on-year decrease of 16.79%[72]. - Revenue for the year was RMB 2,601,833 thousand, a decrease from RMB 3,126,648 thousand in the previous year, representing a decline of approximately 16.7%[87]. - The company reported a net loss attributable to shareholders of RMB 51 million in 2022[72]. - The net loss from continuing operations was RMB (53,010) thousand, compared to a profit of RMB 659,403 thousand in the previous year, indicating a significant downturn[87]. - EBITDA from continuing operations was RMB 240,812 thousand, with an EBITDA margin of 9.26%, down from 35.74% in the previous year[87]. - The gross profit for the year 2022 was RMB 358,003 thousand, a decrease of RMB 857,342 thousand or 70.54%, with the gross margin dropping from 38.87% to 13.76%[199]. - The total comprehensive loss for the year 2022 was RMB 48,016 thousand, a decrease of RMB 685,114 thousand or 107.54% compared to the previous year's profit[186]. - The sales cost for the year was RMB 2,243,830,000, an increase of 17.40% compared to the previous year, primarily due to production disruptions and high raw material prices[179]. Operational Highlights - The company conducted 127 drill holes in resource exploration, confirming the new mining theory and significantly increasing the resource volume at the Shama Iron Mine[73]. - The Rustlers Roost open-pit gold mine project is expected to complete its final feasibility study and commence construction soon[76]. - The first batch of wind and solar projects with a total installed capacity of 97.05 GW is set to be operational in 2023[83]. - The company plans to produce approximately 800,000 tons of high-purity iron in 2023, aiming to strengthen its position as the largest supplier of ductile iron for wind power in the Chinese market[98]. - The company aims to produce approximately 1 million tons of iron concentrate in 2023 to meet its high-purity iron demand and explore new application areas[157]. - The company plans to produce approximately 1 million tons of iron concentrate in 2023 to meet its own high-purity iron demand and explore new application areas[175]. Corporate Governance - The board of directors is responsible for formulating the company's strategy, objectives, policies, and business plans, and for monitoring the execution of these strategies[22]. - The company emphasizes compliance with regulatory requirements and has adhered to relevant laws and regulations during the fiscal year[12]. - The independent non-executive directors actively participated in board meetings and provided independent professional opinions on business development and risk management[28]. - The company has recognized the importance of corporate governance and is committed to improving its governance structure[22]. - The board is responsible for ensuring compliance with the Corporate Governance Code and reviewing disclosures in the Corporate Governance Report[65]. - The company is in the process of identifying a female director to join the board by the end of 2024[37]. Environmental Commitment - The company is committed to environmental protection and has implemented policies to reduce greenhouse gas emissions and promote resource efficiency[15]. - The company is committed to increasing the use of renewable energy and reducing greenhouse gas emissions in its operations[82]. - The company has maintained zero fatalities, zero serious injuries, and zero environmental pollution incidents for six consecutive years as of the end of 2022[82]. Human Resources - As of December 31, 2022, the total number of employees is 1,760, with males accounting for 82.56% and females 17.44%[59]. - The company is actively seeking to enhance gender diversity at all levels, including the board and senior management[59]. - The company is committed to providing equal development opportunities and promoting a diverse and inclusive corporate culture[59]. - The group had a total of 1,760 employees as of December 31, 2022, with total employee compensation and benefits amounting to approximately RMB 196,444 thousand[197]. Audit and Financial Oversight - The audit committee held two meetings in 2022 to review the financial performance and reports for the year and the first half of 2022[50]. - The total fees for audit services for the year ending December 31, 2022, amounted to RMB 3,500 thousand (excluding taxes and miscellaneous fees)[62]. - The board has reviewed the risk management and internal control systems for the company and its major subsidiaries, deeming them effective and sufficient[63]. Market and Industry Insights - The installed capacity of wind power in China was 37.63 GW in 2022, a year-on-year decline of 21.0%[72]. - The total bidding scale for wind power projects in China reached 109.3 GW in 2022, indicating a steady recovery in demand[150]. - The company’s interest coverage ratio was 0.89, indicating challenges in covering interest expenses with earnings[87].

Production and Sales Performance - The company's high-purity iron business has an annual production capacity of 930,000 tons, making it the largest supplier of ductile iron for wind power in China[3][10]. - In 2022, the production of high-purity iron reached 664,000 tons, a year-on-year increase of 13.89%, while sales volume was 616,000 tons, a slight increase of 0.33%[11]. - The average selling price of high-purity iron decreased by 13.21% to RMB 3,520 per ton, resulting in a revenue drop of 8.15% to RMB 2,286,986,000[11]. - The average sales price of iron concentrate was RMB 1,017 per ton in 2022, down RMB 183 per ton or 15.25% year-on-year[14]. - The company plans to produce approximately 1 million tons of iron concentrate in 2023 to meet the demand for high-purity iron and explore new application areas[15]. - The company’s high-purity iron production is expected to reach 800,000 tons in 2023, driven by the recovery in wind power demand[10]. - The iron ore business reported a total revenue of RMB 772,486 thousand, a decrease of 40.78% compared to RMB 1,304,377 thousand in the previous year[3]. - Iron ore production was 773 thousand tons, down 26.52% from 1,052 thousand tons in the previous year, while sales volume decreased by 29.90% to 762 thousand tons from 1,087 thousand tons[3]. - The average selling price of iron ore was RMB 1,017 per ton, a decline of 15.25% from RMB 1,200 per ton in the previous year[3]. - The company’s iron ore business generated revenue of RMB 322,620,000 for the year ended December 31, 2022[146]. - The high-purity iron business saw a revenue of RMB 2,275,700,000 for the same period, indicating a strong performance in this segment[146]. Financial Performance - The company's revenue for the fiscal year 2022 was RMB 2,601,833 thousand, a decrease of RMB 524,815 thousand or 16.79% compared to the previous year[51]. - The sales cost for the fiscal year 2022 was RMB 2,243,830 thousand, an increase of RMB 332,527 thousand or 17.40% year-on-year[51]. - The gross profit for the fiscal year 2022 was RMB 358,003 thousand, a decrease of RMB 857,342 thousand or 70.54%, with a gross margin dropping from 38.87% to 13.76%[51]. - The net loss for the fiscal year 2022 was RMB 53,010 thousand, a decrease of RMB 712,413 thousand or 108.04% compared to the previous year's profit[60]. - The total comprehensive loss for the fiscal year 2022 was RMB 48,016 thousand, a decrease of RMB 685,114 thousand or 107.54% compared to the previous year's profit[66]. - The company's total inventory as of December 31, 2022, was RMB 395,029 thousand, an increase of RMB 168,671 thousand or 74.52% compared to the previous year[61]. - The administrative expenses for the fiscal year 2022 were RMB 201,730 thousand, a decrease of RMB 5,046 thousand or 2.44% compared to the previous year[58]. - The financing costs for the fiscal year 2022 were RMB 68,485 thousand, a decrease of RMB 9,934 thousand or 12.67% year-on-year[65]. - The expected credit loss for the fiscal year 2022 was RMB 13,297 thousand, an increase of RMB 10,432 thousand or 364.12% year-on-year[56]. - The company's revenue for the year ended December 31, 2022, was RMB 2,601,833, a decrease of 16.79% compared to RMB 3,126,648 in 2021[159]. - The net profit margin decreased to -2.04% in 2022 from 21.09% in 2021, a reduction of 23.13 percentage points[159]. - The company reported a significant impairment loss of RMB 18,822 for property, plant, and equipment in 2022, down from RMB 22,269 in 2021[152]. - The company recognized a total tax expense of RMB 45,407 for the year ended December 31, 2022, compared to RMB 153,440 in 2021[172]. Capital Expenditure and Investments - The company’s capital expenditure for high-purity iron business in 2022 was RMB 12,916,000, significantly lower than RMB 42,568,000 in 2021[11]. - Capital expenditure for the iron ore business was approximately RMB 76,289 thousand, significantly lower than RMB 126,022 thousand in the previous year[3]. - Capital expenditures decreased from RMB 234,146 thousand in 2021 to RMB 124,157 thousand in 2022, with major expenditures including RMB 66,098 thousand for factories and machinery, RMB 43,015 thousand for intangible assets, and RMB 15,044 thousand for usage rights[87]. - The group has a capital commitment of RMB 3,840,000 that has not been provided for in the consolidated financial statements as of December 31, 2022[139]. Debt and Liquidity - The group's total liabilities to total assets ratio increased from 58.85% at the end of 2021 to 61.90% at the end of 2022[80]. - The net debt ratio as of December 31, 2022, was 39.85%, calculated as net debt divided by total equity[80]. - The group's cash and cash equivalents decreased by RMB 145,080 thousand or 51.91% from the previous year, totaling RMB 134,411 thousand[76]. - The group's borrowings as of December 31, 2022, amounted to RMB 598,400 thousand, a decrease of 6.01% from RMB 636,663 thousand in the previous year[77]. - The company’s total liabilities exceeded its current assets by RMB 377,758,000 as of December 31, 2022, raising concerns about its liquidity[139]. - The company expects to maintain sufficient working capital to meet its operational needs for at least the next twelve months[139]. Research and Development - Research and development expenses increased to RMB 11,491 thousand, up 44.5% from RMB 7,955 thousand in 2021[115]. - R&D costs for the year included RMB 2,995,000 in depreciation and amortization, up from RMB 1,184,000 in the previous year[183]. - The company is advancing its final feasibility study for its Australian gold mining project, including updating ore reserves and designing the final selection process[156]. Corporate Governance and Compliance - The consolidated financial statements for the year ended December 31, 2022, were audited by Deloitte, with no reservations expressed[112]. - The company does not recommend the distribution of a final dividend for the year ended December 31, 2022[93]. - The company plans to distribute no less than 30% of the annual distributable profits to shareholders, although this does not guarantee any future dividend payments[99]. - The company has not entered into any significant management or administrative contracts related to its business as of December 31, 2022[102]. - There were no significant legal proceedings or arbitrations involving the group during the fiscal year ended December 31, 2022[110]. - The company achieved a "High-tech Enterprise" status on November 28, 2022, allowing a preferential tax rate of 15% for three years[186]. Employee and Operational Costs - Total employee costs increased to RMB 196,444,000 in 2022 from RMB 185,798,000 in 2021, representing a growth of 0.35%[182]. - The company reported a significant increase in technical service fees to RMB 2,176,000 in 2022 from RMB 596,000 in 2021[183].

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 1,357,641,000, a decrease of 14.26% compared to RMB 1,583,521,000 in 2021[22] - Profit attributable to owners for the same period was RMB 47,830,000, down 85.08% from RMB 320,581,000 in 2021[22] - Earnings per share decreased to RMB 2.5, a decline of 84.85% from RMB 16.5 in the previous year[22] - The net profit margin fell to 3.22%, a decrease of 16.95 percentage points from 20.17% in 2021[22] - The return on equity decreased to 2.94%, down 22.51 percentage points from 25.45% in the previous year[22] - The interim dividend per share was HKD 0.02, down 66.67% from HKD 0.06 in the previous year[22] - The profit for the period was RMB 43,750,000, a significant decrease of RMB 275,604,000 or 86.30% compared to the same period last year[52] - The total comprehensive income for the first half of 2022 was RMB 43,866,000, a decrease of RMB 265,875,000 or 85.84% year-on-year[52] Production and Sales - The high-purity iron production for the first half of 2022 was 285,000 tons, a decrease of 19.94% year-on-year, while sales volume was 251,000 tons, down 24.17% year-on-year[27] - The iron ore production for the first half of 2022 was 449,000 tons, a decrease of 19.39% year-on-year, with sales volume at 457,000 tons, down 22.54% year-on-year[36] - The total revenue from high-purity iron was RMB 1,074,676,000, reflecting a decline of 16.47% compared to the previous year[29] - Total revenue from customer contracts for the six months ended June 30, 2022, was RMB 1,357,641,000, with iron ore sales contributing RMB 379,740,000 and high-purity iron sales contributing RMB 972,506,000[134] Costs and Expenses - The average selling price of high-purity iron increased by 0.57% year-on-year to RMB 3,909 per ton, but the average cost per ton rose by 24.85% to RMB 4,044, resulting in a gross profit of RMB -24,158,000, a decrease of 111.25%[29] - The sales cost for the first half of 2022 was RMB 1,088,105,000, an increase of RMB 134,434,000 or 14.10% year-on-year, attributed to production interruptions and increased unit costs in the high-purity iron sector[47] - The gross profit for the first half of 2022 was RMB 269,536,000, a decrease of RMB 360,314,000 or 57.21%, with the gross margin dropping from 39.78% to 19.85%[47] - The distribution and selling expenses for the first half of 2022 amounted to RMB 35,676,000, a decrease of RMB 19,067,000 or 34.83% compared to the same period last year, primarily due to a reduction in sales volume of high-purity iron by approximately 80,000 tons[50] Assets and Liabilities - The total liabilities, including bank loans and notes payable, amounted to RMB 778,890,000, with bank borrowings at RMB 608,400,000 as of June 30, 2022[60] - The total liabilities as of June 30, 2022, were RMB 2,108,924,000, an increase from RMB 2,035,690,000 at the end of 2021[116] - The company's equity attributable to owners was RMB 1,407,096,000, down from RMB 1,559,795,000 at the end of 2021[116] - The total assets amounted to RMB 3,644,508,000, a decrease from RMB 3,810,909,000 as of December 31, 2021[150] - The total liabilities decreased by 11.84% to RMB 1,387,290,000 from RMB 1,573,663,000[62] Cash Flow - The net cash flow from operating activities for the first half of 2022 was RMB 96,800,000, a decrease from RMB 659,912,000 in the same period last year[58] - The company reported a net cash outflow from financing activities of RMB 241,888,000, compared to an outflow of RMB 354,973,000 in the previous year[124] - The company incurred a net cash outflow from investment activities of RMB 61,430,000, an improvement from a net outflow of RMB 284,150,000 in the prior year[124] - The cash and cash equivalents at the end of the period were RMB 197,724,000, down from RMB 204,762,000 at the end of the previous year[124] Shareholder Information - Major shareholders include Bisney Success Limited with 694,360,500 shares (35.43%) and Tuochuan Capital Limited with 619,701,166 shares (31.62%) as of June 30, 2022[79] - The board proposed an interim dividend of HKD 0.02 per share for the six months ended June 30, 2022, expected to be distributed by October 20, 2022[89] - The company has adopted a share option plan with an authorization limit of 10% of the issued shares, allowing for a maximum of 21,000,000 options to be granted[94] Operational Efficiency - The company aims to enhance operational efficiency through the construction of smart mining facilities despite rising raw material prices[25] - The company has implemented a smart mining management platform, enhancing operational efficiency and maintaining a competitive edge in low-cost, high-quality, and green mining[31] - The company plans to continue exploring and estimating resources in the newly discovered valuable hidden ore bodies in the upper mine area[39] Gold Mining Operations - The environmental assessment report for the Australian gold mining project was completed in the first half of 2022, with plans to expand production capacity underway[24] - The gold reserves at the Mt Bundy gold project increased from 1.4 million ounces at the end of 2021 to 1.56 million ounces in the first half of 2022[42] - Capital expenditure for the gold mining business in the first half of 2022 was RMB 8,114,000, a significant decrease from RMB 40,001,000 in the same period last year[43] Compliance and Governance - The company has complied with the Corporate Governance Code during the reporting period, with all significant decisions requiring board approval[87] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the unaudited interim results for the six months ended June 30, 2022[88] - The company has not been involved in any significant legal proceedings or arbitration as of June 30, 2022[91]

Financial Performance - In 2021, the company achieved revenue of RMB 3.127 billion, a year-on-year increase of 16.84%, and an increase of 81.10% compared to the year of listing[4]. - The net profit attributable to shareholders reached RMB 659 million, representing a year-on-year growth of 73.67% and an increase of 63.29% compared to the year of listing[4]. - The company's revenue for the year 2021 reached RMB 3,126,648,000, representing a 16.8% increase from RMB 2,675,912,000 in 2020[15]. - The net profit from continuing operations for 2021 was RMB 659,403,000, up 74.5% from RMB 377,772,000 in 2020[15]. - The EBITDA for continuing operations was RMB 1,117,318,000, with an EBITDA margin of 35.74%, compared to 29.43% in 2020[15]. - The net profit for the year 2021 was RMB 659,403 thousand, an increase of RMB 281,631 thousand or 74.55% compared to the previous year[92]. - The gross profit for the fiscal year 2021 was RMB 1,215,345 thousand, an increase of RMB 297,362 thousand or 32.39%, with the gross margin rising from 34.31% to 38.87%[85]. Revenue Sources - Revenue from high-purity iron accounted for 79.64% of total revenue in 2021, marking a significant shift from being a bulk resource producer to a new energy materials supplier[5]. - Sales revenue from the high-purity iron business rose to RMB 2,489,976 thousand, a year-on-year increase of 24.05%, accounting for 79.64% of the total revenue[32]. - The total revenue for the year 2021 was RMB 3,126,648 thousand, with a breakdown of RMB 619,219 thousand from iron ore and RMB 2,438,960 thousand from high-purity iron[86]. Production and Capacity - The company produced iron concentrate with a grade of 71.5% in 2021, enhancing its product offerings for the chemical sector[7]. - The company has an annual production capacity of 930,000 tons for high-purity iron, making it the largest supplier for wind power ductile iron castings in the Chinese market[20]. - The company plans to produce 800,000 tons of high-purity iron in 2022 as production capacity ramps up[40]. - The company plans to produce 950,000 tons of iron concentrate in 2022 to ensure raw material supply for high-purity iron business and enhance product value[82]. Safety and Environmental Commitment - The company has maintained a zero-accident record for five consecutive years, emphasizing its commitment to safety and environmental protection[8]. - The company has achieved zero fatalities and zero major environmental incidents for five consecutive years, emphasizing its commitment to safety and environmental protection[35]. - The company has implemented policies to reduce greenhouse gas emissions and promote resource efficiency[167]. Dividends and Shareholder Value - The company has distributed dividends totaling HKD 1.288 billion since its IPO, exceeding the total fundraising amount of HKD 828 million[11]. - The company proposed a final dividend of HKD 0.12 per share, in addition to an interim dividend of HKD 0.06 per share, reflecting a commitment to shareholder value[13]. - The company plans to distribute a final dividend of HKD 0.12 per share, with a dividend payout ratio of no less than 30% of the total net profit[30]. - The company aims to maintain a profit distribution policy with a minimum of 30% of the group's net profit allocated for dividends each fiscal year[126]. Financial Stability - The debt-to-asset ratio decreased to 58.85% from 64.29% in the previous year, indicating improved financial stability[15]. - The interest coverage ratio improved to 11.37 times, compared to 6.52 times in 2020, indicating stronger earnings relative to interest expenses[15]. - The company's inventory decreased by RMB 96,615 thousand or 29.91%, totaling RMB 226,358 thousand as of December 31, 2021[93]. - The total financing costs for 2021 were RMB 78,419 thousand, a decrease of RMB 7,686 thousand or 8.93% from the previous year[91]. Resource Development - The company has added approximately 150 million tons of iron ore resources and 3.5 million ounces of gold resources over the past ten years[6]. - The gold resource at the Mt Bundy project increased by approximately 67% since its acquisition in 2018, now exceeding 3 million ounces, with reserves increasing by about 703% to over 1.4 million ounces[33]. - The average grade of gold resources is 0.9 grams per ton, with reserves averaging 1.0 grams per ton[72]. - The company holds proven reserves of 45.7 million tons of ore with an average grade of 1.0 g/t, equating to 1,405 thousand ounces of gold[75]. Strategic Partnerships and Expansion - The company plans to expand its high-purity iron production to meet the increasing quality demands of the wind power industry[12]. - The company aims to explore other materials needed for the new energy sector, further broadening its development scope[12]. - The company is focused on expanding its operations in Australia, having established a subsidiary and developed a successful gold mining team over the past decade[21]. - The company has established a strategic partnership with Emerald Planet Holdings Limited to enhance high-purity iron production capacity[42]. Corporate Governance - The company has confirmed the independence of its non-executive directors, ensuring no significant relationships that could interfere with independent judgment[141]. - The board of directors consists of three independent non-executive directors, accounting for over one-third of the total board members[189]. - The company has complied with the corporate governance code and has confirmed adherence to the non-competition agreement with its controlling shareholders[166][163]. Employee and Management Information - The total number of employees as of December 31, 2021, was 1,725, up from 1,576 in the previous year, with total employee compensation and benefits amounting to RMB 185,798 thousand[84]. - Two senior management personnel received salaries in the range of HKD 500,001 to HKD 1,000,000, and one received between HKD 1,000,001 and HKD 1,500,000 during the year[194]. - The company has purchased liability insurance for its directors and senior management for a duration of one year[194]. Legal and Compliance - As of December 31, 2021, the company had no significant legal disputes or arbitrations pending[169]. - The company has not provided financial assistance or guarantees to any associated companies during the fiscal year ending December 31, 2021[173]. - The consolidated financial statements have been audited by Deloitte Touche Tohmatsu[171].

the state 中國罕王控股有限公司 CHINA HANKING HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） 字 十 （於開發群島註冊成 H ANK IN B 股份代號 03768 110 H DP # 88 the state 使命 崛起的礦業領導者 價值 總是超乎尋常 int 目 錄 公司資料 財務摘要 管理層討論與分析 t 其他資權， 簡明綜合財務該表之審問報告 糖明綜合損益及其他全面收益表 糖明综合财務狀況表示， 簡明綜合權益愛動表 簡明綜合現金流量表 簡明綜合財務報表附註 詞彙存意 2 24 5 22 | 30 - 31 7 32 (34 36 37 69 二零二一年中期報告 中國罕王控股有限公司 2 公司資料 中國罕王控股有限公司於二零一零年八月二日在開曼群島註冊成立，於二零一一年九月三十日在香港聯交所掛牌上 市，股份代碼03788。 中國罕王控股有限公司是一家快速成長的國際化礦業及金屬集團公司，主要在中國和澳大利亞從事鐵礦、金礦及貴 金屬礦產資源勘探與開發，並依託於自有優質的鐵礦資源，生產風電用球墨鑄鐵。 本集團擁有鐵礦 、高純鐵和金礦三大業務板塊 ，堅持「以人為本 ...

中國罕王控股有限公司 CHINA HANKING HOLDINGS LIMITED (於開曼群島註冊成立的有限公司) 股份代號：03788 ING 度報告20 使命 價值 總是超乎尋常 目錄 2 _董事會主席致廣 7 財務摘要 8 公司業務概要 10 管理層討論與分析 33 董事會報告 48 企集管治報告 63 董事及高級管理人員簡介 67 公司資料 三 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------|-------------------|--------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | 69 | | | 獨立核數師報告 -- | | | | | | | | | | | | | | | | | | | | | | | -74 | | ...

Revenue and Profitability - Revenue for the six months ended June 30, 2020, was RMB 1,160,965 thousand, a decrease of 1.94% compared to RMB 1,183,885 thousand in 2019[11] - Profit attributable to owners for the period increased to RMB 170,519 thousand, representing a year-on-year growth of 55.41% from RMB 109,724 thousand[11] - Earnings per share rose to RMB 9.4, a 56.67% increase compared to RMB 6.0 in the previous year[11] - Net profit margin improved to 14.67%, an increase of approximately 5.20 percentage points from 9.47%[11] - Return on equity increased to 20.68%, up by approximately 10.41 percentage points from 10.27%[11] - Despite the pandemic, high-purity iron sales revenue increased by 50.50% and net profit rose by 50.48% year-on-year[14] - Revenue for 2020 was RMB 766,243,000, a 50.50% increase from RMB 509,138,000 in 2019[32] - Net profit for 2020 was RMB 55,319,000, a 50.48% increase from RMB 36,762,000 in 2019[32] Production and Operations - The company maintained continuous production operations without any COVID-19 infections, contributing to the significant profit increase[12] - High-purity iron production reached 322,000 tons in the first half of 2020, a year-on-year increase of 101.25%[30] - The Tom's Gully gold mine project in Northern Territory, Australia, passed environmental assessments with an average grade of 8.9 grams per ton, facilitating the mining process[13] - Exploration at the Coolgardie gold project in Western Australia yielded excellent results, confirming the continuity of gold mineralization and enhancing resource reliability[13] - The company is positioned as the largest supplier of high-purity iron for wind power ductile iron in China, benefiting from structural opportunities in the wind power industry[29] - The company plans to continue expanding its application areas for high-purity iron products, particularly in clean energy[18] Financial Position and Cash Flow - Cash and cash equivalents as of June 30, 2020, were RMB 219,895 thousand, an increase of RMB 164,239 thousand or 295.10% from the end of the previous year[58] - The net cash inflow from operating activities for the first half of 2020 was RMB 451,842 thousand, primarily attributed to pre-tax profit and changes in working capital[55] - The company reported a significant increase in inventory, which rose to RMB 292,534 thousand from RMB 236,180 thousand year-over-year[109] - The company’s total equity increased to RMB 831,382 thousand from RMB 815,661 thousand at the end of the previous year[111] - The company reported a net cash inflow from operating activities of RMB 451,842,000 for the six months ended June 30, 2020, compared to RMB 362,925,000 in the same period of 2019, representing an increase of approximately 24.5%[116] Expenses and Costs - The distribution and selling expenses for the first half of 2020 amounted to RMB 51,044 thousand, an increase of RMB 2,076 thousand or 4.24% compared to the same period last year[46] - Administrative expenses for the first half of 2020 were RMB 111,761 thousand, up RMB 16,284 thousand or 17.06% year-on-year, primarily due to taxes and R&D costs related to the acquisition of high-purity iron business[46] - Financing costs decreased to RMB 47,825 thousand, a reduction of RMB 11,356 thousand or 19.19% compared to the previous year, mainly due to a decrease in bank borrowings[47] - Income tax expenses for the first half of 2020 were RMB 57,304 thousand, down RMB 39,013 thousand or 40.50% year-on-year, primarily due to prior year adjustments[47] Shareholder Information and Dividends - The board of directors proposed an interim dividend of HKD 0.04 per share for the six months ended June 30, 2020, expected to be distributed to shareholders by November 10, 2020[87] - Major shareholders include Tuochuan Capital Limited with 619,701,166 shares (34.05%) and Bisney Success Limited with 494,360,500 shares (27.16%) as of June 30, 2020[75] - The company declared dividends amounting to RMB 9,225,000 during the reporting period[112] Assets and Liabilities - As of June 30, 2020, total borrowings due within one year amounted to RMB 687,500,000, reflecting an increase of 3.77% from the previous period[60] - Long-term borrowings due after one year increased significantly by 269.59% to RMB 143,263,000[60] - The total liabilities to total assets ratio rose from 65.08% as of December 31, 2019, to 70.04% as of June 30, 2020[61] - The total amount of notes payable increased by 68.78% to RMB 551,900,000[60] - The group’s current liabilities exceeded current assets by RMB 420,147,000 as of June 30, 2020[121] Employee Information - As of June 30, 2020, the total number of employees in the group was 1,605, an increase from 1,511 employees as of June 30, 2019[83] - Total employee compensation and benefits for the six months ended June 30, 2020, amounted to RMB 69,774 thousand, compared to RMB 73,036 thousand for the same period in 2019, representing a decrease of approximately 3.45%[83] Corporate Governance and Compliance - The company has complied with the majority of the corporate governance code provisions during the reporting period[84] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the unaudited interim results for the six months ended June 30, 2020[86] Acquisitions and Investments - The company recognized a fair value difference of RMB 1,577,161,000 related to the acquisition of 100% equity in Zhenghai Investment Co., Ltd.[114] - The acquisition of Zhenghai Investment Limited was completed for a total consideration of RMB 11,800,000, with the payment still outstanding as of June 30, 2020[197] - The acquisition of Tuochuan Capital Limited was agreed upon for RMB 1,020,000,000, with a series of account offset agreements established to manage the payable amount[199]

（於開曼群島註冊成立的有限公司） 股份代號 : 03788 年度報告 2019 崛起的礦業領導者 使命 價值 總是超乎尋常 目錄 公司資料 財務摘要 5 董事會主席致辭 6 10 管理層討論與分析 37 董事會報告 55 企業管治報告 董事及高級管理人員簡介 69 獨立核數師報告 74 綜合損益及其他全面收益表 79 綜合財務狀況表 81 綜合權益變動表 綜合現金流量表 綜合財務報表附註 詞彙釋義 2 83 86 2 88 205 公司資料 中國罕王控股有限公司於二零一零年八月二日在開曼群島註冊成立，及於二零一一年九月三十日在香港聯交所掛牌上 市，股份代碼03788。 罕王是一家快速成長的國際化礦業及金屬集團公司，專注於礦產資源及金屬的開發利用。 本集團堅持「以人為本，誠信天下」的核心價值觀，秉承「安全礦山、和諧礦山、綠色礦山」的宗旨，積極履行企業的 社會責任。 Primary Gold Limited （設立於澳大利亞） HGM Resources Pty Ltd （設立於澳大利亞） China Hanking (BVI) International Limited （設立於英屬維爾京群島） 撫順罕王直接還 ...

115 ( 於開曼群島註冊成立的有限公司) HANKING 股份代號:03788 中國罕王控股有限公司 CHINA HANKING HOLDINGS LIMITED ▷▷ >>>> * * 十十十十十 十十十 r minuter Uni 11 ung 100 trip into the 2014 ng _ 和 目 錄 公司資料 2 財務摘要 4 管理層討論與分析 5 其他資料 21 簡明綜合財務報表之審閱報告 30 簡明綜合損益及其他全面收益表 32 簡明綜合財務狀況表 34 簡明綜合權益變動表 36 簡明綜合現金流量表 38 簡明綜合財務報表附註 40 詞彙釋義 91 二零一九年中期報告 中國罕王控股有限公司 公司資料 中國罕王控股有限公司於二零一零年八月二日在開曼群島註冊成立，於二零一一年九月三十日在香港聯交所掛牌上 市，股份代碼03788。 罕王是一家快速成長的國際化礦業及金屬集團公司，專注於礦產資源的發現、開採、處理以及產品銷售業務。罕王 主營貴金屬並輔以戰略性金屬，在全球最具吸引力的地理區域投資並開發壽命週期長、運營成本低且規模可拓展的 礦山運營項目。 本集團堅持「以人為本 ，誠信天下」的核心價值觀 ...

(Incorporated in the Cayman Islands with limited liability) 股份代號 : 03788 Stock Code: 03788 201 8 年度報 告 Annual Report 2018 （於開曼群島註冊成立的有限公司） 2018 年度報告 ANNUAL REPORT 使命 崛起的礦業領導者 價值 總是超乎尋常 目錄 公司資料 2 5 財務摘要 董事會主席致辭 6 管理層討論與分析 10 33 董事會報告 52 企業管治報告 董事及高級管理人員簡介 68 73 獨立核數師報告 綜合損益及其他全面收益表 78 80 綜合財務狀況表 綜合權益變動表 82 84 綜合現金流量表 綜合財務報表附註 86 詞彙釋義 197 中國罕王控股有限公司於二零一零年八月二日在開曼群島註冊成立，及於二零一一年九月三十日在香港聯交所掛牌上 市，股份代碼03788。 罕王是一家快速成長的國際化礦業及金屬集團公司，專注於礦產資源的發現、開採、處理以及產品銷售業務。罕王 主營貴金屬並輔以戰略性金屬，在全球最具吸引力的地理區域投資並開發壽命週期長、運營成本低且規模可拓展的 礦山運營項目 ...