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 明報告 目 錄 2 18 26 4 22 23 24 28 30 45 綜合損益及其他全面收益表 綜合財務狀況表 綜合損益表 綜合權益變動表 公司資料 管理層討論及分析 企業管治及其他資料 簡明綜合現金流量表 未經審核中期財務報告附註 致董事會之審閱報告 公司資料 | --- | --- | --- | --- | --- | --- | |-------------------------------------------|-------|-------|--------------------------------------|-------|-------| | | | | | | | | 上市地點 | | | 公司秘書 | | | | 香港聯合交易所有限公司 | | | 嚴洛鈞先生 | | | | 股份代號 | | | 授權代表 | | | | 6805 | | | 張梁洪先生 | | | | | | | 李旭江先生 | | ...

Kimou Environmental Holding Limited o 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 水体风险控制中心 目錄 2 公司資料 主席報告 管理層討論及分析 董事及高級管理層簡歷 董事會報告 企業管治報告 獨立核數師報告 綜合損益表 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 五年財務摘要 128 投資物業表 4 6 21 26 40 52 57 58 59 61 63 64 127 公司 資料 | --- | --- | |----------------------------------------------|------------------------------------------------------------------------| | 上市地點 | 授權代表 | | 香港聯合交易所有限公司（「 聯交所 」） | 張梁洪先生 | | 股份代號 | 李旭江先生 | | 6805 | 主要往來銀行 | | | 東莞農村商業銀行股份有限公司 | | 董事會 ...

Kimou Environmental Holding Limited o 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 水体风险控制中心 ed with the 中 期 報 告 目錄 2 公司資料 2 4 管理層討論及分析 4 19 企業管治及其他資料 19 23 24 25 27 29 31 49 致董事會之審閱報告 49 致董事會之審閱報告 23 綜合損益表 24 綜合損益及其他全面收益表 25 綜合財務狀況表 27 綜合權益變動表 29 簡明綜合現金流量表 31 未經審核中期財務報告附註 公司資料 | --- | --- | |------------------------------------------------------------|--------------------------------------| | | | | 上市地點 | 公司秘書 | | 香港聯合交易所有限公司 | 楊靜文女士 | | 股份代號 | 授權代表 | | 6805 | 張梁洪先生 | | | 李旭江先生 | | | | | 董事會 | 主要往來銀行 ...

Kimou Environmental Holding Limited 金茂源環保控股有限公司 股份代號 : 6805 (於開曼群島註冊成立的有限公司) 水体风险控制中心 2019 年 報 目 錄 2 公司資料 主席報告 管理層討論及分析 董事及高級管理層簡歷 董事會報告 企業管治報告 獨立核數師報告 綜合損益表 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 62 64 財務報表附註 128 四年財務摘要 4 6 21 27 40 51 56 57 58 60 | --- | --- | |-------------------------------------------|------------------------------------------------------------| | 上市地點 | 授權代表 | | 香港聯合交易所有限公司(「聯交所」) | 張梁洪先生 李旭江先生 | | 股份代號 | | | 6805 | 主要往來銀行 | | | 東莞農村商業銀行股份有限公司 | | 董事會 | 中國 | | 執行董事 | 廣東省東莞 莞太路 | | 張梁洪先生 ...

Financial Performance - Total revenue for the six months ended June 30, 2019, was RMB 281.7 million, an increase from RMB 207.3 million in the same period last year, representing a growth of approximately 35.7%[23] - Operating profit for the same period was RMB 50.3 million, compared to RMB 46.0 million in the previous year, reflecting an increase of about 9.9%[23] - Profit attributable to equity shareholders decreased by 34.9% to RMB 9.7 million, down from RMB 14.9 million in the prior year, primarily due to one-time listing expenses of RMB 13.8 million[18] - Adjusted profit attributable to equity shareholders, excluding listing expenses, increased by approximately 57.7% to RMB 23.5 million[18] - The company's revenue increased by approximately RMB 74.4 million (or 35.9%) to RMB 281.7 million, compared to RMB 207.3 million in the same period last year, primarily due to higher water prices, increased wastewater treatment fees, and higher chemical sales[25] - Operating profit for the same period was RMB 50,261,000, up from RMB 46,006,000, indicating an increase of 4.9%[80] - Net profit for the period was RMB 3,151,000, a decrease of 73.0% compared to RMB 11,655,000 in the previous year[80] - Total comprehensive income for the period was RMB 1,383,000, compared to RMB 11,322,000 in the previous year, reflecting a significant decline[91] Operational Developments - The company successfully acquired land use rights for three plots totaling 325,981 square meters in Jingzhou, Hubei Province, for a total cost of RMB 65.8 million[18] - The company completed the construction of two factory buildings in the Huizhou Park, with a total building area of approximately 29,000 square meters, by the end of April 2019[19] - The average daily leased area in the industrial parks increased during the reporting period, contributing to revenue growth[18] - The company aims to strengthen its market position and become a recognized market leader in the electroplating industrial park sector in China[20] Cost and Expenses - Operating costs rose by approximately RMB 74.2 million (or 45.4%) to RMB 237.7 million, up from RMB 163.5 million in the same period last year, consistent with the increase in revenue[26] - Depreciation and amortization increased by approximately RMB 15.8 million (or 27.1%) to RMB 74.1 million, compared to RMB 58.3 million in the same period last year, due to significant investments in properties and equipment[27] - Inventory costs rose by approximately RMB 24.5 million (or 61.7%) to RMB 64.2 million, from RMB 39.7 million in the same period last year, mainly due to increased steam consumption and higher material costs[28] - Employee costs increased by approximately RMB 4.0 million (or 18.4%) to RMB 25.7 million, compared to RMB 21.7 million in the same period last year, due to hiring additional staff to support business expansion[32] - Utility costs rose by approximately RMB 3.4 million (or 53.1%) to RMB 9.8 million, up from RMB 6.4 million in the same period last year, in line with the increased scale of operations[33] - Other expenses increased by approximately RMB 26.4 million (or 70.4%) to RMB 63.9 million, compared to RMB 37.5 million in the same period last year, primarily due to listing expenses and increased sludge treatment costs[34] - Financing costs increased during the reporting period, impacting overall profitability[18] Cash Flow and Liquidity - As of June 30, 2019, the company's cash and cash equivalents were approximately RMB 59.1 million, down from RMB 80.7 million as of December 31, 2018[47] - The group closely monitors its liquidity needs and compliance with borrowing covenants to ensure sufficient cash and credit facilities[53] - The company reported a net cash outflow from financing activities of RMB (96,179,000), a decrease from a net inflow of RMB 134,968,000 in the previous year[113] - The company’s current liabilities exceeded current assets by RMB 341,455,000 as of June 30, 2019, raising concerns about liquidity[115] Assets and Liabilities - Non-current assets as of June 30, 2019, totaled RMB 2,022,048,000, an increase from RMB 1,965,722,000 at the end of 2018[97] - The company's total assets as of June 30, 2019, were RMB 1,680,593 thousand, up from RMB 1,153,236 thousand at the end of 2018, an increase of 45.5%[101] - Current liabilities decreased to RMB 550,770,000 from RMB 1,103,908,000, showing a reduction of 50.1%[97] - The group had investment properties valued at RMB 675,251,000, and properties, plants, and equipment valued at RMB 304,707,000, which were mortgaged to secure bank financing[54] - The total equity attributable to equity shareholders rose significantly to RMB 509,936 thousand, compared to RMB 127,358 thousand at the end of 2018, marking an increase of 300.5%[101] Shareholder and Governance - The company adopted a share option scheme on June 18, 2019, to provide incentives and rewards to eligible directors and employees[59] - The board did not declare any interim dividends during the reporting period, consistent with the previous period[60] - The company has adopted corporate governance principles in compliance with the listing rules, enhancing shareholder value[73] - The audit committee has been established to oversee financial reporting and risk management, ensuring compliance with regulatory standards[78] Taxation - The income tax expense for the six months ended June 30, 2019, was RMB 11,240,000, compared to RMB 5,065,000 for the same period in 2018, representing an increase of 121.5%[149] - The current tax provision for the six months ended June 30, 2019, was RMB 7,893,000, up from RMB 3,940,000 in 2018, indicating a growth of 100.5%[149] - The deferred tax expense for the same period was RMB 3,347,000, compared to RMB 1,125,000 in 2018, reflecting an increase of 197.5%[149] Financing Activities - The company received RMB 210,000,000 from bank loans and other borrowings, an increase from RMB 120,000,000 in the same period last year[112] - The company paid RMB 35,712,000 in interest, compared to RMB 32,582,000 in the previous year, indicating a rise in financing costs[112] - The company’s bank loans are primarily floating rate loans with interest rates ranging from 5.64% to 6.68% as of June 30, 2019[181] - The company issued new shares resulting in an increase in share capital to RMB 73,739 thousand from RMB 69 thousand, a rise of 106,800%[107]