金茂源环保控股有限公司(简称"集团"),是中国大型表面处理循环经济产业园建设运营商,国内表面处理 产业园上市公司(股份代号:06805HK)。自2005年发展以来,集团始终坚持以废水处理为核心、以园区管 理为中心、以企业服务为重心,致力于促进表面处理行业绿色升级,完善制造业全产业链,助力中国工业制 造实现绿色可持续发展。目前,集团已分别在广东惠州、天津静海、湖北荆州、四川青神、江苏泰兴布 局五个大型表面处理循环经济产业园,在国内形成南、北、中、西、东的产业格局,推动表面处理产业集 聚、集约、集群发展,助推地区经济高质量发展和环境高水平保护。五大园区总规划占地面积约338万平 方米,总规划设计废水处理能力约102000吨/天,总规划入园企业900余家,现已入园表面处理企业近300余 家。各园区对企业产生的电镀废水进行源头管控、分类收集,并采用物化处理、生化处理、离子交换、 双膜处理、深度氧化等工艺技术进行集中处理,实现深度净化、重金属资源回收利用和中水回用。废水 回用技术可使60%以上的废水循环使用,其余达标排放。同时,集团积极探索电镀废水深度治理技术,联合 清华大学深圳国际研究生院、南京大学、南昌航空大学等高 ...

金茂源环保公告，公司非全资附属公司天津金华都与天津洪跃签订厂房回购合同，回购位于天津滨港园 区的802厂房永久使用权，代价为4906.8万元(含税)。同时，天津金华都与天津洪跃签订厂房出售合同， 出售该厂房及土地使用权，总代价为5778.8万元。此次交易构成公司的须予披露交易，并须遵守上市规 则第十四章有关申报及公告的规定。交易完成后，预计集团将录得未经审核收益净额约200万元，所得 款项将用于正常和普通业务的持续发展及一般运营资金。 ...

（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。） 5月22日，截至港股收盘，恒生指数下跌1.19%，报23544.31点。金茂源环保（06805.HK）收报1.7港元/ 股，上涨6.92%，成交量13.4万股，成交额22.27万港元，振幅6.29%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 最近一个月来，金茂源环保累计涨幅27.2%，今年来累计涨幅24.22%，跑赢恒生指数18.78%的涨幅。 行业估值方面，工业工程行业市盈率（TTM）平均值为15.31倍，行业中值2.51倍。金茂源环保市盈率 13.3倍，行业排名第62位；其他谊砾控股（00076.HK）为0.29倍、中国航天万源（01185.HK）为0.32 倍、天洁环境（01527.HK）为1.96倍、北京控股环境集团（00154.HK）为1.99倍、同景新能源 （08326.HK）为2.38倍。 财务数据显示，截至2024年12月31日，金茂源环保实现营业总收入13.94亿元，同比增长18.3%；归母净 利润1.23亿元，同比增长34.49%；毛利率65.93%，资产负债率73.67%。 资料显示，金茂源环 ...

公司 資料 上市地點 目錄 香港聯合交易所有限公司（「聯交所」） | 2 | 公司資料 | | --- | --- | | 4 | 主席報告 | | | 管理層討論及分析 | | 19 | 董事及高級管理層簡歷 | | 25 | 董事會報告 | | | 企業管治報告 | | 59 | 獨立核數師報告 | | 64 | 綜合損益表 | | | 綜合損益及其他全面收益表 | | 66 | 綜合財務狀況表 | | 68 | 綜合權益變動表 | | 70 | 綜合現金流量表 | | | 財務報表附註 | | 135 | 五年財務摘要 | | 5 41 65 72 | | 136 投資物業表 股份代號 6805 董事會 執行董事 張梁洪先生 （主席） 朱和平先生 (行政總裁，自2024年1月1日起辭任) 黃啟洋先生 （行政總裁，自2024年1月1日起獲委任） 黃少波先生 李健明先生 張嘉峻先生 （自2024年8月23日起獲委任） 獨立非執行董事 簡松年先生 ，銀紫荊星章，太平紳士 （自2024年11月23日起辭任） 龐愛蘭女士， 銅紫荊星章，太平紳士 （自2024年11月23日起獲委任） 李曉岩先生 劉達先生 審核委員 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）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 對 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。 Kimou Environmental Holding Limited 金茂源環保控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6805） 截 至2024年12月31日 止 年 度 的 年 度 業 績 公 告 財 務 摘 要 截 至2024年 12月31日 止 年 度 截 至2023年 12月31日 止 年 度 人 民 幣 千 元 人 民 幣 千 元 收 益 1,394,084 1,178,414 經 營 所 得 溢 利 305,045 254,265 本 公 司 權 益 股 東 應 佔 溢 利 122,611 91,167 每 股 基 本 盈 利 （附 註 （ ） 人 民 幣） 0.11 0 ...

Financial Performance - For the six months ended June 30, 2024, the company's revenue was approximately RMB 657.6 million, an increase of about RMB 103.3 million compared to RMB 554.3 million for the same period in 2023, representing a growth of approximately 18.6%[5] - The profit attributable to equity shareholders for the same period was approximately RMB 49.7 million, up from RMB 41.1 million in 2023, reflecting an increase of about RMB 8.6 million or 20.9%[5] - Revenue for the six months ended June 30, 2024, was RMB 657,625 thousand, representing an increase of 18.7% compared to RMB 554,251 thousand in the same period in 2023[70] - Operating profit for the same period was RMB 136,705 thousand, up from RMB 122,206 thousand, indicating an increase of 11.5% year-over-year[70] - Profit before tax increased to RMB 65,968 thousand, a rise of 16.4% from RMB 56,616 thousand in the previous year[70] - Net profit for the period was RMB 40,581 thousand, compared to RMB 38,443 thousand, reflecting a growth of 2.9%[72] - Total comprehensive income for the period was RMB 38,669 thousand, an increase from RMB 35,872 thousand in the prior year, marking a growth of 7.9%[72] - The company reported a profit of RMB 50,106 thousand for the six months ended June 30, 2024, compared to a profit of RMB 41,061 thousand for the same period in 2023, representing a growth of 22.1%[78] - Total comprehensive income for the period was RMB 47,794 thousand, up from RMB 38,669 thousand in the previous year, reflecting a year-over-year increase of approximately 23.2%[79] Revenue Segments - Revenue from leasing and facility usage services increased by approximately RMB 11.2 million or 5.1% to about RMB 230.0 million during the review period, mainly due to an increase in the average daily rented area[21] - Wastewater treatment fees increased by approximately RMB 21.1 million or 19.3% to about RMB 130.7 million, driven by increased freshwater usage resulting from a larger rented area[24] - Revenue from the wastewater treatment and utilities segment was RMB 237,436,000, up 14.7% from RMB 206,912,000 in the previous year[88] - Revenue from the sales of goods and related services increased significantly to RMB 190,229,000, a rise of 48.1% from RMB 128,501,000 in 2023[88] Operational Efficiency - The company is focused on enhancing its operational efficiency and increasing its market share in the environmental protection sector[5] - The average daily wastewater treatment capacity across all parks was 27,500 tons, with an average daily treatment volume of 10,481 tons, resulting in a utilization rate of 38.1%[10] - The average daily wastewater treatment capacity utilization rate across the company's facilities was 48.3%, with Guangdong Huizhou region at 67.9%, Tianjin Yanport region at 33.2%, and Central China region at 6.2%[12] Capital Expenditures and Investments - Capital expenditures for the period amounted to approximately RMB 305.6 million, up from RMB 286.2 million for the six months ended June 30, 2023[43] - The company invested RMB 379,911 thousand in property, plant, and equipment, which is an increase from RMB 319,280 thousand in the same period last year, indicating a growth of approximately 18.9% in capital expenditures[81] - The company has obtained 158 patents and has 50 patents pending as of June 30, 2024, as part of its long-term goal to enhance wastewater treatment effectiveness and reuse rates[13] Employee and Management - As of June 30, 2024, the company had 985 full-time employees, an increase of approximately 13.6% from 867 employees as of June 30, 2023[54] - Employee costs rose by approximately RMB 10.5 million or 15.4% to about RMB 78.1 million, driven by an increase in workforce to support business development[32] - Employee costs, including directors' remuneration, rose to RMB 78,053 thousand, up from RMB 67,634 thousand, indicating an increase of 15.5%[70] Debt and Financing - The company's total bank loans and borrowings amounted to approximately RMB 2,922.8 million as of June 30, 2024, with a debt-to-equity ratio of approximately 232.5%[39] - The adjusted net debt-to-equity ratio increased to 2.10 as of June 30, 2024, compared to 1.96 as of December 31, 2023[42] - Financing costs increased by approximately RMB 5.1 million or 7.8% to about RMB 70.7 million, attributed to higher average bank loan balances[36] Assets and Liabilities - As of June 30, 2024, total non-current assets amounted to RMB 4,219,886 thousand, an increase of 2.6% from RMB 4,111,352 thousand as of December 31, 2023[74] - Current assets reached RMB 914,726 thousand, up 11.2% from RMB 822,750 thousand at the end of 2023[74] - Total liabilities increased to RMB 3,877,482 thousand, compared to RMB 3,691,027 thousand at the end of 2023, reflecting a rise of 5.1%[75] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous period[57] - Major shareholders included Jinchang Investment Co., Ltd. with 510,528,000 shares (46.09%) and Jinshang Investment Co., Ltd. with 239,400,000 shares (21.61%)[61] - The total number of share options available under the share option scheme was 112,000,000, representing 10.1% of the issued share capital as of June 30, 2024[55] Compliance and Governance - The company has complied with the relevant provisions of the Hong Kong Listing Rules and Hong Kong Accounting Standards No. 34 for the preparation of the interim financial report[135] - The review of the interim financial report did not reveal any matters that would lead to a belief that the report was not prepared in accordance with the applicable accounting standards[137]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 657,625 thousand, an increase of 18.7% compared to RMB 554,251 thousand for the same period in 2023[1]. - Operating profit for the same period was RMB 136,705 thousand, up from RMB 122,206 thousand, reflecting a growth of 11.9%[2]. - Net profit attributable to equity shareholders was RMB 49,706 thousand, compared to RMB 41,061 thousand in the previous year, representing an increase of 21.1%[2]. - The operating profit margin decreased slightly to 20.8% from 22.0% year-on-year, while the net profit margin also declined to 6.2% from 6.9%[1]. - The company reported a total comprehensive income of RMB 38,669 thousand for the period, compared to RMB 35,872 thousand in the same period last year, indicating a growth of 7.9%[3]. - The company reported revenue of RMB 1,281,788,000 for the twelve months ending June 30, 2024, an increase from RMB 1,115,089,000 for the same period in 2023, representing a growth of approximately 14.9%[15]. - The reported segment profit (adjusted EBITDA) for the six months ending June 30, 2024, was RMB 300,088,000, compared to RMB 261,444,000 for the same period in 2023, reflecting an increase of about 14.7%[16]. - The company reported a basic earnings per share of RMB 49,706,000 for the six months ended June 30, 2024, compared to RMB 41,061,000 for the same period in 2023, reflecting an increase of approximately 21.5%[23]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 5,134,612 thousand, an increase from RMB 4,934,102 thousand at the end of 2023[1]. - The company’s total liabilities increased to RMB 1,819,837 thousand from RMB 1,760,055 thousand, indicating a rise of 3.4%[4]. - As of June 30, 2024, the total non-current liabilities amounted to RMB 2,057,645,000, an increase from RMB 1,931,472,000 as of December 31, 2023, representing a growth of 6.5%[5]. - The net assets of the company reached RMB 1,257,130,000, compared to RMB 1,242,575,000 at the end of 2023, indicating a slight increase of 1.2%[5]. - The company’s current liabilities exceeded its current assets by RMB 905,111,000 as of June 30, 2024, slightly improved from RMB 937,305,000 at the end of 2023[6]. - The company reported a total equity attributable to shareholders of RMB 1,080,270,000, down from RMB 1,132,990,000 at the end of 2023, indicating a decrease of 4.6%[5]. - The company’s total liabilities increased by 6% from December 31, 2023, to June 30, 2024, reflecting ongoing operational growth[33]. Cash Flow and Financing - Cash and cash equivalents were RMB 223,972 thousand, down from RMB 276,752 thousand at the end of 2023, reflecting a decrease of 19.0%[4]. - The company incurred financing costs of RMB 70,737,000 for the six months ending June 30, 2024, compared to RMB 65,590,000 for the same period in 2023, indicating an increase of about 7.3%[17]. - The company’s financing cost as a percentage of total borrowings was capitalized at an annual rate between 5.46% and 6.25% as of June 30, 2023[17]. - The company has confirmed its ability to continue as a going concern for the next twelve months based on projected cash flows and financing resources[6]. - The company has total capital commitments of approximately RMB 399.0 million as of June 30, 2024, compared to RMB 186.6 million as of December 31, 2023[77]. Revenue Segments - Revenue from the wastewater treatment and public utility segment was RMB 237,436,000 for the six months ended June 30, 2024, up from RMB 206,912,000 in the same period of 2023, reflecting a growth of 14.7%[10]. - Revenue from the sales of goods and related services increased significantly to RMB 190,229,000, compared to RMB 128,501,000 in the previous year, marking a rise of 48.1%[10]. - The total revenue for the six months ended June 30, 2024, was RMB 588,144,000, compared to RMB 489,694,000 in the same period of 2023, representing an overall increase of 20.1%[10]. - Revenue from leasing and facility services increased by approximately RMB 11.2 million or 5.1% to about RMB 230.0 million for the six months ended June 30, 2023[54]. - Revenue from wastewater treatment increased by approximately RMB 21.1 million or 19.3% to about RMB 130.7 million for the six months ended June 30, 2023[56]. - Revenue from sales of goods and related services increased by approximately RMB 58.5 million or 51.5% to about RMB 172.2 million for the six months ended June 30, 2023[59]. Operational Efficiency - The company continues to focus on expanding its market presence and enhancing operational efficiency through strategic initiatives[2]. - The company operates three reportable segments: leasing and facility management, wastewater treatment and public utilities, and sales of goods and related services[9]. - The company’s wastewater treatment and utility services are affected by seasonal factors, with lower demand typically observed during long holidays such as the Lunar New Year and National Day[15]. - The average daily wastewater treatment capacity utilization rates for the group's facilities were 74.0% in Guangdong, 31.6% in Tianjin, 25.0% in Huizhou, 2.4% in Binhai, and 11.0% in Central China, with an overall average of 38.1%[44]. Employee and Operational Costs - Employee costs, including director remuneration, rose to RMB 78,053,000 for the six months ending June 30, 2024, from RMB 67,634,000 in the same period of 2023, representing an increase of approximately 15.4%[18]. - The total cost of goods sold for the six months ended June 30, 2024, was RMB 221,802,000, up from RMB 168,042,000 in 2023, representing a year-over-year increase of about 32%[19]. - Depreciation and amortization increased by approximately RMB 19.9 million or 15.6% to about RMB 147.3 million for the six months ended June 30, 2023[61]. - Other expenses rose by approximately RMB 13.7 million or 22.3% to about RMB 75.2 million for the six months ended June 30, 2023, mainly due to higher professional consulting service fees and increased taxes and additional fees from revenue growth[65]. Strategic Initiatives and Future Outlook - The group aims to focus on environmental protection-related businesses and actively explore hazardous solid waste management to achieve green, low-carbon, and circular development[48]. - The group has applied to the relevant government departments to increase the maximum wastewater treatment capacity in the Huizhou area from 10,000 tons per day to 15,000 tons per day, which is currently under review[50]. - The group has acquired land use rights for several plots in Taixing City, Jiangsu Province, to further develop factories in the East China area, which will add approximately 340,000 square meters of rental factory space upon completion[49]. - The company has increased its full-time employees to 985 as of June 30, 2024, up from 867 a year earlier, reflecting a growth of approximately 13.6%[86].

Revenue and Financial Performance - The company's total revenue for the year was approximately RMB 1,178.4 million, a 7.5% increase compared to 2022, driven by growth across all three business segments[4] - Revenue for the year reached RMB 1,178.4 million, an increase of RMB 82.6 million or 7.5% compared to the previous year[43][45] - Net profit attributable to equity shareholders was RMB 91.2 million, a decrease of RMB 20.1 million or 18.0% due to depreciation, amortization, and interest expenses from new operations in Sichuan and Jiangsu[43][45] - The company declared a final dividend of HK$0.10 per share (approximately RMB 0.91 per share) for the year ended December 31, 2023[43] Wastewater Treatment Capacity and Utilization - The company's daily maximum wastewater treatment capacity reached 23,500 tons, with an average daily treatment volume of 9,747 tons and an annual utilization rate of 41.5%[2] - Guangdong Huizhou Park's daily maximum wastewater treatment capacity reached 10,000 tons, with an average daily treatment volume of 7,363 tons and an annual utilization rate of 73.6%[2] - Tianjin Binhai Park's daily maximum wastewater treatment capacity reached 6,000 tons, with an average daily treatment volume of 2,040 tons and an annual utilization rate of 34.0%[2] - Central China Park's daily maximum wastewater treatment capacity reached 2,500 tons, with an average daily treatment volume of 282 tons and an annual utilization rate of 11.3%, a 6.8% increase from 2022[10] - Qingshen Park's daily maximum wastewater treatment capacity reached 5,000 tons, with an average daily treatment volume of 62 tons[10] - The company has applied to increase the daily maximum wastewater treatment capacity of Guangdong Huizhou Park from 10,000 tons to 15,000 tons, pending government approval[20] - Total wastewater treatment capacity across all parks is 23,500 tons per day[26] - Average daily wastewater treatment volume across all parks is 9,747 tons with a utilization rate of 41.5%[26] - Guangdong Huizhou Park has the highest wastewater treatment capacity utilization rate at 73.6%[26] - Total freshwater used across all parks in 2023 was 3,521,000 tons[26] Leasable Area and Occupancy Rates - Total leasable area of Guangdong Huizhou Park is approximately 501,000 square meters with a leasing rate of 95.8%[22] - Total leasable area of Tianjin Binhai Park is approximately 309,000 square meters with a leasing rate of 90.9%[22] - Total leasable area of Central China Park is approximately 143,000 square meters with a leasing rate of 39.2%[22] - Total leasable area of Qingshen Park is approximately 105,000 square meters with a leasing rate of 46.7%[22] - Total leasable area of East China Park is approximately 120,000 square meters with a leasing rate of 86.7%[22] - Total leasable area across five surface treatment circular economy industrial parks was 1,178,000 square meters, with an overall occupancy rate of 82.3%[57] - The Guangdong Huizhou park had the highest occupancy rate at 95.8%, while the Tianjin Binhai park had the lowest at 39.2%[57] Corporate Governance and Board Structure - The company's board of directors is responsible for strategic direction, operational oversight, financial performance monitoring, and ensuring effective internal control and risk management systems[111] - The company's audit committee reviews and supervises the financial reporting process, risk management, and internal control systems, providing independent opinions on their effectiveness[103] - The company's board of directors has established mechanisms to obtain independent perspectives and opinions, including access to external professional advisors and additional information from management[113] - The company's board committees (audit, remuneration, and nomination committees) operate under defined terms of reference and are provided with sufficient resources to fulfill their duties[114] - The company's independent non-executive directors have confirmed their independence in accordance with Listing Rule 3.13, with no business or other relationships that could affect their ability to perform duties independently[94] - The company's directors are required to retire by rotation at least once every three years, with one-third of the directors retiring at each annual general meeting[96] - The company's senior management is authorized to make decisions and coordinate daily operations, with significant transactions requiring prior board approval[98][99] - The Audit Committee consists of three members, all of whom are independent non-executive directors, with Mr. Liu Da serving as the chairman and possessing appropriate professional qualifications in accounting or financial management[115] - The company temporarily failed to meet the requirements of Listing Rule 3.21 after Mr. Li Yinquan resigned as an independent non-executive director and chairman of the Audit Committee on December 22, 2022. Mr. Liu Da was appointed as the new independent non-executive director and chairman of the Audit Committee on March 1, 2023, restoring compliance[116] - The Audit Committee held two meetings during the year and addressed matters such as the reappointment of the company's auditor, the review of internal audit functions, and the scope of non-audit services[117] - The Audit Committee also held two meetings with the external auditor during the year[118] - The Remuneration Committee, chaired by Mr. Kan Chung Nin, consists of three members, including two independent non-executive directors and one executive director, and is responsible for reviewing and recommending the remuneration policies and structures for directors and senior management[119] - The Remuneration Committee held three meetings during the year to review the company's remuneration policies, the performance and remuneration of executive directors and senior management, and the service contracts of executive directors[122] - The company's controlling shareholder, Jinchang Investment Limited, holds 44.47% of the issued shares as of December 31, 2023, and did not pledge any shares during the year[130] - No director or senior management member received any joining bonus, post-joining bonus, or severance compensation during the year[133] - No director waived or agreed to waive any remuneration during the year[134] - No director or their close associates had any interests in businesses competing with the company during the year[136] - The company has 901 employees as of December 31, 2023, with 616 males (68.4%) and 285 females (31.6%)[144] - The company plans to appoint at least one female director by December 31, 2024, to achieve gender diversity on the board and comply with Listing Rule 13.92[146] - The nomination committee held three meetings during the year to review the board's structure, size, and composition, and to recommend the appointment of independent non-executive directors and executive directors[142] - The company has adopted a board diversity policy, emphasizing the benefits of diversity and considering it a key factor in maintaining competitive advantage[145] - The board will consider setting measurable targets to implement the board diversity policy and review these targets periodically to ensure their appropriateness[146] - The nomination committee is responsible for evaluating the independence of independent non-executive directors and ensuring candidates meet the necessary qualifications and experience[160] - The company's board diversity policy includes considerations such as gender, age, cultural and educational background, industry experience, technical and professional skills, and tenure[169] - The nomination committee will review the board nomination policy to ensure its effectiveness[170] - The board will submit regular reports assessing the group's performance, situation, and prospects to ensure compliance with listing rules[174] - The company held a total of 8 board meetings during the year, with all directors attending all meetings[175] - The company's audit committee reviewed corporate governance policies and practices, including compliance with legal and regulatory requirements[195] - The company's board diversity policy aims to ensure a balanced and diverse board composition, considering factors such as gender, age, cultural background, and professional qualifications[187] - The company's nomination policy outlines the criteria and procedures for selecting and appointing new directors, ensuring the board has the necessary skills and experience[190] - The company's corporate secretary, Mr. Chung Ming-fai, has over 19 years of experience in corporate secretarial, mergers and acquisitions, financial reporting, and auditing[180] - All directors participated in continuous professional development related to their duties, including attending seminars and reviewing industry development materials[179] - The company's board and committee meetings were attended by all eligible directors, with no alternates attending on their behalf[199] Share Repurchase and Shareholder Value - The company repurchased and canceled 3,838,000 shares on May 9, 2023[63] - The company repurchased a total of 3,386,000 shares on the stock exchange at a total cost of approximately HKD 3,460,000, aiming to increase net asset value per share and earnings per share, thereby enhancing shareholder value[89] - The company's share repurchase is considered the best method to enhance shareholder value and aligns with the best interests of shareholders[89] - The company repurchased a total of 3,386,000 shares in 2023, with a total cost of HKD 3,459,440[185] Intellectual Property and Innovation - The company has obtained 139 registered patents, with 31 patents currently under application[11] Marketing and Customer Engagement - The company participated in 17 exhibitions during the year to promote its services and build customer relationships[12] Legal and Regulatory Compliance - The company paid RMB 395,000 in damages for a trademark infringement lawsuit, with frozen bank deposits of RMB 3,140,000 released in January 2024[83] Employee Incentives and Development - The company has adopted a share option plan to incentivize eligible participants to maximize performance efficiency and align their interests with the group's long-term development[88] Subsidiary Transactions - A subsidiary entered into a purchase agreement for refurbished mobile phones worth RMB 20,058,000 and a sales agreement for RMB 20,178,000 on March 5, 2024[70] Construction and Expansion - The company completed the first phase of the East China Park in October 2023, adding 120,000 square meters of rentable factory space[19] - The East China Park completed its first phase of construction and entered the trial production stage in October 2023[36]

Revenue and Profitability - Revenue for the year ended December 31, 2023, was RMB 1,178,414,000, representing an increase of 7.5% compared to RMB 1,095,791,000 for the year ended December 31, 2022[1]. - Net profit attributable to equity shareholders decreased to RMB 91,167,000 from RMB 111,235,000, reflecting a decline of 18.1%[1]. - Basic and diluted earnings per share for the year were both RMB 0.08, down from RMB 0.10 in the previous year[1]. - The annual profit for the year ended December 31, 2023, was RMB 82,092,000, a decrease of 24.5% from RMB 108,705,000 in the previous year[18]. - Total comprehensive income attributable to equity shareholders for the year ended December 31, 2023, was RMB 91,167,000, compared to RMB 111,235,000 in 2022, a decrease of 18.1%[18]. - The company's profit attributable to equity shareholders decreased from approximately RMB 111.2 million to approximately RMB 91.2 million, a reduction of about RMB 20.0 million, primarily due to the aforementioned factors[191]. Assets and Liabilities - Total assets increased to RMB 4,934,102,000 from RMB 4,372,118,000, marking a growth of 12.8%[1]. - Current liabilities exceeded current assets by RMB 937,305,000, compared to RMB 854,989,000 in the previous year, indicating increased financial pressure[10]. - The company's total liabilities increased to RMB 1,016,216,000 as of December 31, 2023, compared to RMB 1,202,194,000 in 2022, reflecting a decrease of about 15.5%[60]. - The company's total assets as of December 31, 2023, are RMB 2,750,680,000, compared to RMB 2,233,241,000 in 2022, indicating an increase of 23.2%[106]. - As of December 31, 2023, the company's asset-liability ratio was approximately 221.4%, up from 163.6% as of December 31, 2022[194]. Operating Performance - Operating profit for the year was RMB 254,265,000, slightly up from RMB 253,671,000, indicating a stable performance[1]. - Operating margin decreased to 21.6% from 23.1%, while net profit margin fell to 7.0% from 9.9%[1]. - The reported segment profit (adjusted EBITDA) for the year ended December 31, 2023, was RMB 544,807,000, compared to RMB 501,128,000 in 2022, indicating an increase of about 8.7%[59]. - Operating costs increased by approximately RMB 79.0 million or 9.2% to about RMB 941.0 million for the year ended December 31, 2023, compared to RMB 862.0 million in the previous year[156]. - Financing costs increased by approximately RMB 35.5 million or 35.0% to approximately RMB 137.0 million, attributed to an increase in average bank loans and other borrowings[163]. Expenses and Costs - Employee costs for the year ended December 31, 2023, were RMB 139,622,000, up from RMB 133,404,000 in 2022, representing an increase of 4.9%[18]. - The total finance costs for the year ended December 31, 2023, amounted to RMB 136,957,000, compared to RMB 101,460,000 in 2022, indicating an increase of approximately 35%[64]. - Depreciation and amortization for properties, plants, and equipment was RMB 264,263,000, an increase from RMB 219,213,000 in 2022[91]. - Research and development expenses increased to RMB 13,918,000 from RMB 10,907,000 in 2022[91]. - The cost of goods sold for the year ended December 31, 2023, was RMB 362,791,000, an increase of 6% from RMB 342,189,000 in 2022[18]. Dividends - The company declared a final dividend of HKD 0.10 per share for the year, compared to HKD 0.05 per share in 2022, indicating a 100% increase in dividend payout[15]. - The company proposed a final dividend of HKD 0.10 per share for the year 2023, up from HKD 0.05 per share in 2022, representing a 100% increase[72]. Cash Flow and Financing - The company confirmed its ability to continue as a going concern based on future cash flow forecasts and financing plans[10]. - The total amount of bank loans and other borrowings as of December 31, 2023, is RMB 2,746,889,000, up from RMB 2,227,428,000 in 2022, representing a rise of 23.3%[106]. - The company is monitoring compliance with covenants related to its bank loans, with no violations reported as of December 31, 2023[133]. Market and Operations - The company has diversified its customer base, with no single customer accounting for more than 10% of total revenue as of December 31, 2023[53]. - The company aims to expand its business related to wastewater treatment and environmental protection, focusing on the electroplating industry[145]. - The company participated in 17 exhibitions this year to enhance marketing and customer relationships[119].

Financial Performance - The company's revenue for the six months ended June 30, 2023, was approximately RMB 554.3 million, an increase of about RMB 19.3 million compared to RMB 535.0 million for the same period in 2022, representing a growth of approximately 3.6%[5] - The profit attributable to equity shareholders for the same period was approximately RMB 41.1 million, a decrease of about RMB 11.5 million from RMB 52.6 million in the previous year, reflecting a decline of approximately 21.8%[5] - Revenue for the six months ended June 30, 2023, was RMB 554,251 thousand, an increase of 3.4% compared to RMB 534,953 thousand in 2022[89] - Operating profit for the same period was RMB 122,206 thousand, slightly down from RMB 123,147 thousand in 2022, reflecting a decrease of 0.8%[89] - Net profit for the period was RMB 38,443 thousand, a decrease of 19.1% from RMB 47,673 thousand in 2022[90] - Basic and diluted earnings per share for the period were RMB 0.04, down from RMB 0.05 in the previous year[89] - The company reported a total comprehensive income of RMB 35,872 thousand for the period, down from RMB 47,029 thousand in 2022, a decrease of 23.8%[90] - For the six months ended June 30, 2023, the company reported a net profit of RMB 41,061 thousand, a decrease of 33.5% compared to RMB 61,032 thousand for the same period in 2022[97] - The total comprehensive income for the same period was RMB 38,490 thousand, down from RMB 59,302 thousand in the previous year, reflecting a decline of 35.1%[97] Revenue Segmentation - Revenue from leasing and facility usage increased from approximately RMB 203.8 million to about RMB 218.8 million, a rise of 7.4% due to an increase in average daily rented area[24] - Wastewater treatment fees rose from approximately RMB 105.8 million to about RMB 109.6 million, an increase of 3.6% attributed to higher average treatment prices[26] - Revenue from the "Facility Usage and Management Services" segment was RMB 154,281,000 for the six months ending June 30, 2023, up from RMB 145,529,000 in 2022[111] - The "Wastewater Treatment and Utilities" segment generated revenue of RMB 206,912,000 for the six months ending June 30, 2023, compared to RMB 202,173,000 in 2022[111] - The "Sales of Goods and Related Services" segment reported revenue of RMB 128,501,000 for the six months ending June 30, 2023, slightly down from RMB 129,008,000 in 2022[111] Operational Metrics - The total leasable area across four surface treatment industrial parks was approximately 1,108,000 square meters, with an overall occupancy rate of 77.9% as of June 30, 2023[7] - The Guangdong Huizhou Park had a leasing rate of 94.2%, while the Qing Shen Park had a significantly lower rate of 22.9%[8] - The average daily wastewater treatment capacity across the three main parks was 18,500 tons, with an average utilization rate of 48.3%[10] - The Qing Shen Park officially commenced operations on May 18, 2023, with a daily wastewater treatment capacity of approximately 5,000 tons[11] Costs and Expenses - Operating costs increased by approximately RMB 19.0 million or 4.5% to about RMB 441.8 million, mainly due to higher depreciation and amortization expenses[30] - Depreciation and amortization expenses increased from approximately RMB 106.6 million to about RMB 127.4 million, a rise of 19.5% due to the commencement of operations at the Qingshen Park[31] - Employee costs increased by 10.8% to approximately RMB 67.6 million, attributed to an increase in the number of employees due to business development needs[33] - Utility costs rose by approximately RMB 2.1 million or 13.8% to about RMB 17.3 million, primarily due to increased wastewater treatment volume and higher electricity costs in the Guangdong Huizhou area[34] - Other expenses decreased by approximately RMB 1.7 million or 2.7% to about RMB 61.5 million, mainly due to lower waste treatment costs and increased other taxes and additional fees[36] Financing and Debt - Financing costs increased by approximately RMB 16.2 million compared to the previous year, impacting overall profitability[5] - Total bank loans and other borrowings amounted to approximately RMB 2,596.0 million as of June 30, 2023, up from RMB 2,233.2 million as of December 31, 2022[41] - The adjusted net debt-to-equity ratio increased to 1.89 as of June 30, 2023, compared to 1.46 as of December 31, 2022[46] - The group’s financing costs increased to RMB 65,590,000 in 2023 from RMB 49,381,000 in 2022[116] - Financing costs rose to RMB 65,590,000 from RMB 49,381,000, with bank loan interest increasing to RMB 73,546,000 from RMB 60,558,000[121] Corporate Governance - The company has complied with the corporate governance code, except for a brief period of non-compliance due to the resignation of an independent non-executive director on December 22, 2022[81] - Liu Da was appointed as an independent non-executive director and audit committee chairman on March 1, 2023, restoring compliance with the relevant listing rules[81] - All directors confirmed compliance with the standards of the code during the review period[83] - The company has maintained a commitment to good corporate governance practices to protect shareholder interests[80] Shareholder Information - The board has proposed not to declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[69] - The company declared dividends amounting to RMB 49,289 thousand for the year, reflecting a commitment to return value to shareholders[97] - The company repurchased a total of 1,960,000 shares at a total cost of approximately HKD 2.0 million (approximately RMB 1.7 million)[62] - The company repurchased its own shares for a total of RMB 1,712 thousand during the six months ended June 30, 2023, compared to RMB 2,464 thousand in the same period of 2022[101] Research and Development - The company has obtained 120 patents and has 32 patents pending as of June 30, 2023, indicating a strong focus on research and development[12] - The company aims to enhance the effectiveness of wastewater treatment and the reuse rate of treated wastewater as part of its long-term goals and social responsibility[12] - The company is actively exploring hazardous solid waste management and recycling businesses to achieve green, low-carbon, and circular development[15] - The company continues to focus on environmental protection-related businesses, leveraging broader capital markets for expansion[15]