6月19日，截至港股收盘，恒生指数下跌1.99%，报23237.74点。中国基础能源（08117.HK）收报0.069 港元/股，上涨23.21%，成交量664万股，成交额45.06万港元，振幅48.21%。 最近一个月来，中国基础能源累计涨幅27.27%，今年来累计涨幅19.15%，跑赢恒生指数18.2%的涨幅。 本文源自：金融界 作者：行情君 行业估值方面，公用事业行业市盈率（TTM）平均值为6.33倍，行业中值6.85倍。中国基础能源市盈 率-2.17倍，行业排名第70位；其他滇池水务（03768.HK）为2.17倍、兴泸水务（02281.HK）为3.01倍、 上海实业环境（00807.HK）为3.78倍、康达环保（06136.HK）为3.83倍、首创环境（03989.HK）为4.01 倍。 资料显示，中国基础能源控股有限公司是一家主要从事天然气业务的香港投资控股公司。该公司主要通 过两个业务分部进行运营。制造分部主要从事制造及销售聚乙烯管道,包括水管和气管。能源分部主要 从事天然气运输及分销业务。该公司还通过其子公司从事销售复合物料及向集团公司提供行政服务业 务。 （以上内容为金融界基于公开消息，由程 ...

Financial Performance - Total revenue for the group in 2024 decreased by 12.4% compared to 2023, primarily due to a decline in natural gas demand and prices influenced by market and weather conditions [16]. - The company reported a loss before tax of approximately HKD 27,103,000 for the year, compared to a loss of HKD 17,083,000 in 2023, indicating an increase in losses due to decreased natural gas demand and prices [25]. - The net asset value of the group as of December 31, 2024, was approximately HKD 261,362,000, down from HKD 300,614,000 in 2023 [28]. - The company reported a total loss for the year of HKD 25,513,000, compared to a loss of HKD 19,625,000 in the previous year, representing a 30.00% increase in losses [192]. - The company's total assets as of December 31, 2024, amounted to HKD 756,306,000, slightly up from HKD 755,286,000 in 2023 [195]. - The company's net assets decreased to HKD 261,362,000 in 2024 from HKD 300,614,000 in 2023, a decline of 13.00% [196]. - Basic and diluted loss per share for the year was HKD 0.026, compared to HKD 0.017 in 2023, indicating a 52.94% increase in loss per share [193]. - The company reported a decrease in total comprehensive loss to HKD 36,486,000 in 2024 from HKD 34,783,000 in 2023, an increase of 4.88% [193]. Business Operations - The natural gas business remains a cornerstone of the group's operations, with expansion in Wuhu and Yichang becoming strategic hubs for this segment [9]. - The biomass gasification heating plant in Huaining County, Anhui Province, showed stable growth, meeting the increasing demand for sustainable energy solutions in the region [10]. - The clean energy facility in Yichang was completed and is expected to start production by the end of 2024, contributing significantly to future growth [9]. - The biomass gasification heating business in Huaining County, Anhui Province, is expected to achieve breakeven in the near future as construction is completed [19]. - The company remains optimistic about the natural gas business outlook, supported by government policies promoting clean energy usage [18]. Investment and Market Strategy - The company is committed to expanding its market share in China, focusing on clean energy as the core of its business strategy [12]. - The company is actively exploring new investment opportunities to enhance shareholder value [12]. - The group is actively exploring potential investment opportunities to enhance long-term value and ensure sustainable growth [26]. - The company plans to continue its market expansion efforts, focusing on enhancing its product offerings and exploring potential acquisitions [200]. Financial Management and Governance - The company plans to implement stringent cost control measures and maintain an efficient workforce to enhance shareholder value amid challenging economic conditions [25]. - The company has established governance practices, which are detailed in the report [97]. - The audit committee held four meetings during the review year to review the group's interim and annual reports [98]. - The company has established a robust internal control system to safeguard assets and ensure reliable financial reporting, with an internal audit team reporting directly to the audit committee [148]. - The board of directors confirmed their responsibility for preparing the financial statements for the year ending December 31, 2024, ensuring compliance with GEM listing rules [145]. Shareholder and Equity Information - The board recommends not to declare any dividends for the year ending December 31, 2024 [57][67]. - As of December 31, 2024, the company has no retained earnings available for distribution to shareholders, but has a share premium account of HKD 714,488,000 that can be distributed [60]. - The company has a shareholding structure where major shareholders hold significant stakes, with the largest shareholder owning 12.10% of the company [88]. - The company has adopted a dividend policy that allows for distributions in cash or shares, subject to board discretion and shareholder approval [65]. Risk Management - The company has established a risk management and internal control system that includes tracking identified risks and continuously updating response procedures [151]. - The company believes that broadening the scope of eligible participants for the share option scheme will provide flexibility in rewarding those who contribute to the group's growth [83]. - The board has implemented a policy for handling and disclosing insider information to prevent violations of disclosure regulations [154]. - The company encourages employees and stakeholders to report any suspected fraud or misconduct through its whistleblowing policy [155]. Compliance and Audit - The independent auditor has audited the consolidated financial statements and found them to fairly reflect the company's financial position as of December 31, 2024 [166]. - The audit opinion is based on compliance with Hong Kong auditing standards and ethical guidelines [167]. - The external auditor's fees for audit services amounted to approximately HKD 1,320,000 for the year ending December 31, 2024, compared to HKD 1,280,000 in 2023 [147]. - The company has maintained compliance with all relevant laws and regulations without any significant violations during the review year [107].

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately HKD 160,754,000, a decrease of about 12.4% compared to HKD 183,442,000 in 2023[5] - Loss attributable to owners of the company was approximately HKD 26,473,000, compared to a loss of HKD 17,500,000 in 2023[5] - Total comprehensive loss for the year was HKD 36,486,000, compared to HKD 34,783,000 in 2023[8] - Basic and diluted loss per share was HKD 0.026, compared to HKD 0.017 in 2023[8] - The company reported a significant increase in financing costs to HKD 11,965,000 from HKD 8,617,000 in 2023[7] - The total comprehensive loss before tax for the year ending December 31, 2024, was HKD 27,103,000, compared to a loss of HKD 17,083,000 in the previous year[46] - The company reported a loss attributable to shareholders of HKD 26,473,000 for 2024, compared to a loss of HKD 17,500,000 in 2023[61] - Total revenue for the fiscal year ending December 31, 2024, was HKD 160,754,000, down 12.3% from HKD 183,442,000 in 2023[53] Assets and Liabilities - Non-current assets totaled HKD 654,879,000 as of December 31, 2024, compared to HKD 647,090,000 in 2023[10] - Current assets decreased to HKD 101,427,000 from HKD 108,196,000 in 2023[10] - Total liabilities increased to HKD 494,944,000 from HKD 454,672,000 in 2023[11] - Net assets decreased to HKD 261,362,000 from HKD 300,614,000 in 2023[11] - The total equity as of December 31, 2024, is projected to be HKD 218,604,000, down from HKD 254,572,000[15] - The group's total assets as of December 31, 2024, were approximately HKD 756,306,000, compared to approximately HKD 755,286,000 in 2023[86] Revenue Sources - For the fiscal year ending December 31, 2024, the company's revenue from the sale and distribution of natural gas was HKD 106,968,000, a decrease of 25.1% from HKD 142,773,000 in 2023[50] - Revenue from gas transportation services recognized over time was HKD 14,519,000 for 2024, compared to none in 2023[50] - The revenue from a major customer in the gas distribution segment was HKD 78,416,000, accounting for approximately 49% of total revenue in 2024, up from HKD 74,135,000 and 40% in 2023[52] Dividends and Shareholder Returns - The board of directors proposed no dividend for the year ended December 31, 2024, consistent with 2023[5] - The company did not declare any dividends for the fiscal year ending December 31, 2024, consistent with 2023[59] Operational Insights - The company aims to enhance operational cost control measures to improve profitability and generate positive cash flow from operations[13] - The natural gas business remains the cornerstone of the company's operations, supported by government policies promoting clean energy usage[74] - The biomass gasification heating business in Huaining County, Anhui Province, is expected to generate significant revenue in the future, despite experiencing losses in 2024 due to incomplete factory construction[76] - The property investment business in Yichang continues to provide stable cash inflow, although rental income slightly declined due to overall real estate market performance[77] Financial Management and Governance - The company has not engaged in any supplier financing arrangements, thus recent accounting standard revisions have no impact on its financial statements[22] - The group plans to apply the new and revised standards upon their effective date without early adoption[25] - The audit committee, composed of independent non-executive directors, held four meetings during the review year to oversee the financial reporting process and internal control systems[97] - The financial statements for the year ending December 31, 2024, were reviewed and deemed compliant with applicable accounting standards and GEM listing rules[97] - The company has adhered to the corporate governance code, except for the separation of roles between the chairman and the CEO, which remains unfulfilled as there is no designated CEO[101] Cash Flow and Financing - The company recorded a foreign exchange loss of HKD 11,697,000 for the year, contributing to the overall comprehensive loss[15] - The total interest expense for financing was HKD 18,219,000 in 2024, compared to HKD 17,162,000 in 2023[55] - The company incurred research and development expenses of HKD 2,030,000 in 2024, an increase from HKD 1,007,000 in 2023[55] - As of December 31, 2024, the company has unused bank and other loan financing totaling RMB 71,105,000 (approximately HKD 75,671,000) available for use until September 20, 2033, and December 31, 2025, respectively[13] Credit and Receivables Management - The company maintains strict credit control to minimize credit risk, with overdue balances reviewed regularly by senior management[67] - The impairment loss provision for accounts receivable decreased to HKD 5,826,000 in 2024 from HKD 6,020,000 in 2023, reflecting a reduction of 3.2%[69] - The company reported that all accounts receivable were settled within 90 days as of December 31, 2024, with no overdue amounts[67]

中國昼礎能源控股有限公司 China Primary Energy Holdings Limited (於開疊群島註冊成立之有限公司) (股份代纹: 8117) 中 期 業 績 報 告 2 0 2 4 中國基礎能源控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他 在聯交所上市之公司帶有較高投資風險。有意投資之人士應了解投資於該 等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯 交所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣 之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關中國基礎能源控股有限公司（「本公司」）之資料；本公司之各 董事（「董事」）願就本報告之資料共同及個別地承擔全部 ...

（於開曼群島註冊成立之有限公司） （股份代號：8117） 截至二零二四年六月三十日止六個月之 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交 所上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關中國基礎能源控股有限公司（「本公司」）之資料；本公司之各董事（「董事」） 願就本公告之資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後， 確認就其所知及所信，本公告所載資料在各重要方面均屬準確完備，沒有誤導或 欺詐成分，且 ...

Financial Performance - The group's revenue for 2023 remained stable, comparable to 2022, with performance meeting expectations after excluding certain asset impairments and non-recurring gains from 2022 [10]. - Total revenue for the year ended December 31, 2023, was approximately HKD 183,442,000, a slight decrease of about 0.7% compared to HKD 184,683,000 in the previous year [19]. - The company reported a pre-tax loss of approximately HKD 17,083,000 for the year, compared to a loss of HKD 8,311,000 in 2022, with attributable loss increasing to HKD 17,500,000 from HKD 9,855,000 [19]. - The net asset value as of December 31, 2023, was approximately HKD 300,614,000, down from HKD 335,418,000 in 2022, while total assets increased to approximately HKD 755,286,000 from HKD 738,521,000 [22]. - The company anticipates significant revenue contributions from the clean energy business, particularly from the Yichang operations expected to commence in 2024 [19]. Business Segments - The clean energy business is currently the core business of the company and will continue to be so in the future, with ongoing efforts to expand market share in China and Hong Kong [11]. - The natural gas distribution and property investment businesses are primarily reliant on domestic demand, indicating resilience against global political and economic fluctuations [11]. - The natural gas business continues to be a core segment, benefiting from government policies encouraging the use of clean energy [8]. - The biomass gasification heating business in Huaining County showed stable growth, although it incurred losses in 2023 due to incomplete factory construction [16]. - The gas business remains the core segment, benefiting from government policies promoting clean energy usage in China, with expectations of stable growth [20]. Investments and Properties - The company has successfully rented out all investment properties in Yichang, providing stable rental income and cash flow [7]. - The group’s investment properties were valued at HKD 199,610,000 as of December 31, 2023, with a fair value loss of HKD 3,459,000 recorded in the consolidated income statement [180]. - The company has no significant investments or major investment plans for the year ended December 31, 2023 [32]. Shareholder and Dividend Information - The company reported no dividends for the year ended December 31, 2023 [57]. - The company has no retained earnings available for distribution to shareholders as of December 31, 2023, but has a share premium account of HKD 714,488,000 available for distribution after solvency tests [60]. - The board does not recommend the payment of a final dividend for the year ending December 31, 2023 [67]. - The company has adopted a dividend policy that allows for the distribution of dividends in cash or shares, ensuring continuity, stability, and sustainability [65]. Corporate Governance - The company has complied with all principles and code provisions of the GEM Listing Rules, except for the separation of roles between the Chairman and CEO, as there is currently no CEO position [38]. - The board of directors includes both executive and independent non-executive members, with two independent directors having served over 9 years but still deemed independent [71][77]. - The company emphasizes the importance of maintaining the independence of its non-executive directors as per GEM listing rules [77]. - The board is committed to compliance with GEM listing rules and applicable laws, regularly reviewing governance policies and procedures [140]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules [123]. Risk Management and Internal Controls - The company has established a robust internal control system to safeguard assets and ensure reliable financial reporting in compliance with GEM listing rules [158]. - The risk management and internal control system aims to manage risks rather than eliminate them, providing reasonable assurance regarding the achievement of business objectives [159]. - The internal audit team identified several internal control weaknesses and risks, but none were deemed significant, indicating effective risk management and internal control systems [163]. - The board believes that the risk management and internal control systems are effective and adequately resourced, with no major deficiencies found after implementing improvement recommendations [166]. Employee and Compensation Information - The total employee compensation for the year was approximately HKD 21,038,000, with 9 full-time employees in Hong Kong and 169 in China [33]. - The company has maintained a competitive compensation package to attract and motivate employees, including stock options for outstanding performers [111]. - The remuneration committee, composed solely of independent non-executive directors, held one meeting in 2023 to review executive compensation packages [143]. Audit and Financial Reporting - The audit committee held four meetings during the review year and reviewed the group's financial reporting system and internal control procedures [148]. - The external auditor's fees for audit services amounted to approximately HKD 1,280,000 for the year ended December 31, 2023, consistent with the previous year [157]. - The company is responsible for preparing financial statements that are free from material misstatement due to fraud or error, and for assessing its ability to continue as a going concern [194]. - The audit team assessed the qualifications and objectivity of the independent valuation experts involved in the impairment assessments [187]. Environmental and Social Responsibility - The company is committed to environmental sustainability and adheres to environmental laws and regulations [109]. - The company has adopted a whistleblowing policy to encourage employees and stakeholders to report any serious concerns regarding fraud or misconduct [165].

Financial Performance - Total revenue for the year ended December 31, 2023, was approximately HKD 183,442,000, a decrease of about 0.7% compared to HKD 184,683,000 in 2022[4] - The loss attributable to the owners of the company was approximately HKD 17,500,000, compared to a loss of HKD 9,855,000 in 2022[4] - The company proposed no dividend for the year ended December 31, 2023, consistent with 2022[4] - The company reported a total comprehensive loss of HKD 34,783,000 for the year, compared to HKD 42,557,000 in 2022[7] - Basic and diluted loss per share was HKD 0.017 for 2023, compared to HKD 0.010 for 2022[7] - The company experienced a net loss of HKD 17,500,000 for the year ended December 31, 2023, which is an increase from the previous year's loss of HKD 9,855,000, representing an increase of approximately 77%[14] - The reported segment profit for 2023 was HKD 12,643,000, a decrease of 44.6% from HKD 22,805,000 in 2022[56] - The company reported a pre-tax loss of HKD 17,083,000 for 2023, which is a significant increase from a loss of HKD 8,311,000 in 2022[56] Assets and Liabilities - Non-current assets increased to HKD 647,090,000 in 2023 from HKD 564,521,000 in 2022, primarily due to an increase in property, plant, and equipment[9] - Current assets decreased to HKD 108,196,000 in 2023 from HKD 174,000,000 in 2022, with cash and cash equivalents at HKD 30,644,000[9] - Total liabilities rose to HKD 454,672,000 in 2023 from HKD 403,103,000 in 2022, with significant increases in bank borrowings[10] - The net asset value decreased to HKD 300,614,000 in 2023 from HKD 335,418,000 in 2022[10] - Total assets increased to HKD 755,286,000 in 2023 from HKD 738,521,000 in 2022, representing a growth of 2.3%[56] - The group's current assets as of December 31, 2023, were approximately HKD 108,196,000, with current liabilities of about HKD 125,551,000, resulting in a debt-to-equity ratio of approximately 136%[90] Cash Flow and Financing - The group had a cash flow forecast covering the period until March 31, 2025, indicating sufficient operating funds for the next twelve months[44] - As of December 31, 2023, the group had unused bank and other loan financing totaling RMB 95,697,000 (approximately HKD 105,292,000)[46] - The interest expense for financing costs increased to HKD 8,617,000 in 2023 from HKD 6,360,000 in 2022, reflecting a rise of 35.4%[65] Operational Highlights - The gas business remains the core segment, with stable operations and growth driven by increasing demand for clean energy in China[80] - The biomass gasification heating business in Huaining County showed stable growth, with expectations for significant revenue generation as construction completes[81] - The clean energy business in Yichang is expected to start operations in 2024, contributing to future revenue and profit[80] - The group aims to strengthen control over operating expenses to improve profitability and generate positive cash flow[46] - The group has established a sales network for natural gas, which is expected to grow steadily under China's clean energy policies[85] Shareholder Value and Future Outlook - The company will continue to explore viable investment opportunities to enhance shareholder value amid unstable global political and economic conditions[83] - The board is optimistic about the group's performance starting in 2024, driven by the expansion of the energy segment, primarily natural gas and biomass gasification heating businesses[85] Accounting and Regulatory Updates - The adoption of the amendments to Hong Kong Accounting Standard No. 12 will not have any impact on the consolidated financial statements[25] - The management determined that the group is not within the scope of the OECD Pillar Two legislative framework, and the related deferred tax asset and liability recognition and disclosure exceptions do not apply[26] - The amendments to Hong Kong Accounting Standard No. 1 clarify the classification of liabilities as current or non-current, effective from January 1, 2024, with retrospective application allowed[30] - The group anticipates that the adoption of the amendments related to supplier financing arrangements will not have a significant impact on the consolidated financial statements[39] - The group has no significant contingent liabilities as of December 31, 2023[92]

Financial Performance - Total revenue for the nine months ended September 30, 2023, was approximately HKD 123,468,000, a decrease of about 8.08% compared to HKD 134,325,000 for the same period in 2022[4] - Loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 12,331,000, an improvement from a loss of HKD 23,824,000 for the same period in 2022[4] - The company reported a revenue of HKD 28,099,000 for the three months ended September 30, 2023, compared to HKD 24,454,000 for the same period in 2022, representing an increase of approximately 10.67%[7] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 30,910,000, compared to HKD 65,842,000 for the same period in 2022, indicating a significant reduction in losses[9] - Basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 0.012, compared to HKD 0.026 for the same period in 2022[9] - The company reported a net loss attributable to shareholders of HKD 12,331,000 for the nine months ended September 30, 2023, compared to a loss of HKD 23,824,000 in 2022, representing a 48% improvement[25] - The unaudited loss before tax for the nine months ended September 30, 2023, was approximately HKD 13,187,000, a reduction from a loss of HKD 26,182,000 in the same period last year[33] Revenue Sources - Revenue from customer contracts for the three months ended September 30, 2023, was HKD 28,099,000, an increase of 15% compared to HKD 24,454,000 for the same period in 2022[15] - Revenue from gas transportation and distribution for the nine months ended September 30, 2023, was HKD 94,522,000, a decrease of 7.8% from HKD 102,338,000 in 2022[15] - Total rental income for the nine months ended September 30, 2023, was HKD 11,248,000, slightly up from HKD 11,197,000 in 2022[15] - Interest income from bank deposits increased to HKD 683,000 for the nine months ended September 30, 2023, compared to HKD 86,000 in 2022[17] Cost Management - The company has reported a decrease in employee costs to HKD 14,843,000 for the nine months ended September 30, 2023, down from HKD 16,247,000 in the previous year[7] - Financing costs for the nine months ended September 30, 2023, were HKD 8,887,000, a decrease from HKD 10,769,000 for the same period in 2022[7] - The company incurred financing costs of HKD 8,887,000 for the nine months ended September 30, 2023, down from HKD 10,769,000 in 2022, reflecting a 17.4% reduction[18] - Depreciation of property, plant, and equipment for the nine months ended September 30, 2023, was HKD 10,437,000, a decrease from HKD 12,847,000 in 2022[20] Dividend Policy - The board of directors has proposed not to declare any interim dividend for the nine months ended September 30, 2023, consistent with the previous year[4] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[23] Business Operations - The company continues to engage in the transportation and distribution of natural gas, thermal energy, and biomass gasification products in China[11] - The natural gas business remains the core segment, benefiting from China's increasing demand for clean energy and government policies promoting natural gas usage[29] - The biomass gasification heating business in Huaining County, Anhui Province, is expected to generate significant revenue due to high heating demand, although it remains unprofitable as some factory constructions are incomplete[29] - The property investment business in Yichang provided stable cash inflow, with tenants being automotive parts manufacturers supported by local government development[30] Future Outlook - The board is optimistic about the group's performance in 2023, anticipating growth in the energy segment, particularly in natural gas and biomass gasification[34] - As of September 30, 2023, the board expects the group to have sufficient financial resources for ongoing operations and future development[38] Shareholder Information - As of September 30, 2023, the company has 1,023,987,439 ordinary shares issued[39] - Ms. Ma holds 372,051,632 shares, representing approximately 36.33% of the total[40] - Mr. Yuan holds 20,350,633 shares, representing approximately 1.99% of the total[40] - Major shareholders include Ms. Guo with 123,867,678 shares (12.10%) and Ji Shengzhi with 110,000,000 shares (10.74%)[54] - The company has not granted any share options during the review period, nor have any options been exercised[51] - The share option plan is valid for 10 years from the adoption date of May 17, 2022[44] - The maximum number of shares that may be issued under the share option plan is capped at 10% of the total issued shares unless renewed by shareholders[47] - The exercise price of the share options will not be less than the higher of the closing price on the grant date or the average closing price over the preceding five trading days[50] - The company believes that expanding the range of eligible participants for the share option plan will provide flexibility in rewarding contributions to the group's growth[46] - No other individuals, apart from directors or the CEO, are known to hold significant interests in the company's shares as of September 30, 2023[56] Corporate Governance - The board of directors consists of executive directors Ma Zheng and Yuan Geng, non-executive director Ji Jianghua, and independent non-executive directors Wen Zihun, Zhong Zhanqiang, and Song Renke[65] - The audit committee reviewed the unaudited results for the nine months ended September 30, 2023, and provided feedback[60] - The remuneration committee is responsible for reviewing and determining the remuneration policies for all executive directors and senior management[62] - The nomination committee evaluates the independence of independent non-executive directors and recommends appointments to the board[63] - There were no arrangements for directors or their family members to benefit from purchasing shares or debt securities of the company[58] - There were no direct or indirect competitive businesses conducted by directors or major shareholders during the review period[59] - The company is a limited liability company registered in the British Virgin Islands, with significant ownership by Dongcheng Energy Investment Limited[19] - The company has established an audit committee in compliance with GEM listing rules[60] - The remuneration committee was established in June 2005 to consider the remuneration policies for executive directors and senior management[62]

（於開曼群島註冊成立之有限公司） （股份代號：8117） 截至二零二三年九月三十日止九個月之 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交 所上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關中國基礎能源控股有限公司（「本公司」）之資料；本公司之各董事（「董事」） 願就本公告之資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後， 確認就其所知及所信，本公告所載資料在各重要方面均屬準確完備，沒有誤導或 欺詐成分 ...

Financial Performance - Total revenue for the six months ended June 30, 2023, was approximately HKD 95,369,000, a decrease of about 13.2% compared to HKD 109,871,000 for the same period in 2022[4] - Loss attributable to owners of the company for the six months ended June 30, 2023, was approximately HKD 7,087,000, an improvement from a loss of HKD 14,006,000 in the same period of 2022[4] - Total comprehensive loss for the six months ended June 30, 2023, was HKD 23,622,000, compared to HKD 32,290,000 for the same period in 2022[9] - Basic and diluted loss per share for the six months ended June 30, 2023, was HKD 0.007, compared to HKD 0.014 for the same period in 2022[9] - The company reported a significant decrease in inventory, with current inventory at HKD 6,833,000 as of June 30, 2023, down from HKD 8,140,000 as of December 31, 2022[11] - The company reported a total comprehensive loss of HKD 21,411,000 for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 30,254,000 in the same period of 2022, reflecting an improvement of 29.3%[20] - The company incurred research and development expenses of HKD 220,000 for the six months ended June 30, 2023, compared to HKD 315,000 in the same period of 2022, reflecting a decrease of 30.2%[27] - The company reported a loss attributable to owners of the company of HKD 7,087,000 for the six months ended June 30, 2023, compared to a loss of HKD 14,006,000 for the same period in 2022, representing a 49.6% improvement[31] Revenue Sources - Revenue from the transportation and distribution of natural gas decreased to HKD 75,170,000 for the six months ended June 30, 2023, compared to HKD 89,350,000 in the same period of 2022, a decline of 15.8%[21] - Revenue from external customers for the six months ended June 30, 2023, was HKD 95,369,000, a decrease of 13.5% from HKD 109,871,000 in the same period of 2022[34] - The biomass gasification heating business in Huaining County, Anhui Province, is expected to generate considerable revenue due to high heating demand, although it reported losses in 2023 due to incomplete construction and operations[51] - The property investment business in Yichang provided stable cash inflows, supported by the local government's development of an automotive manufacturing industrial park[52] - The company anticipates that the natural gas business will continue to grow due to increasing demand for clean energy in China, supported by government policies[51] Assets and Liabilities - Non-current assets increased to HKD 592,887,000 as of June 30, 2023, from HKD 564,521,000 as of December 31, 2022[11] - Current assets decreased to HKD 109,507,000 as of June 30, 2023, from HKD 174,000,000 as of December 31, 2022[11] - Total liabilities decreased to HKD 390,598,000 as of June 30, 2023, from HKD 403,103,000 as of December 31, 2022[12] - The company's net assets amounted to HKD 311,796,000 as of June 30, 2023, down from HKD 335,418,000 as of December 31, 2022[12] - The trade receivables as of June 30, 2023, were HKD 12,869,000, down 52.1% from HKD 26,893,000 as of December 31, 2022[37] - The impairment provision for trade receivables decreased to HKD 6,776,000 as of June 30, 2023, from HKD 8,161,000 as of December 31, 2022[38] - The company reported trade payables of HKD 16,257,000 as of June 30, 2023, an increase from HKD 12,473,000 as of December 31, 2022[42] - The total interest-bearing borrowings as of June 30, 2023, were HKD 265,697,000, slightly up from HKD 263,438,000 as of December 31, 2022[43] Cash Flow and Financing - For the six months ended June 30, 2023, the company reported a net cash inflow from operating activities of HKD 16,290,000, an increase from HKD 11,503,000 in the same period of 2022, representing a growth of 41.5%[15] - The company reported a significant increase in financing activities, generating HKD 55,596,000 in cash inflow for the six months ended June 30, 2023, compared to HKD 17,545,000 in the same period of 2022, an increase of 216.5%[15] - Cash and cash equivalents at the end of June 30, 2023, were HKD 64,664,000, down from HKD 121,203,000 at the end of June 30, 2022[15] Corporate Governance - The company has established an audit committee to review financial controls and risk management systems[90] - The remuneration committee is responsible for considering the compensation policies for all executive directors and senior management[92] - There were no reported conflicts of interest among directors and major shareholders during the review period[89] - The company has adopted a code of conduct for securities trading that meets or exceeds the GEM Listing Rules[99] - The board of directors consists of both executive and independent non-executive directors, ensuring accountability and independence[101] - The company has complied with the principles and code provisions of the Corporate Governance Code during the reporting period[96] - The nomination committee is composed of three independent non-executive directors, ensuring proper governance and oversight[93] - The independent non-executive director Wang Xiaobing resigned on March 1, 2023[93] - The company continues to review its board structure and composition at least annually to align with corporate strategy[93] Employee and Shareholder Information - The group has a total of 157 full-time employees, with total employee compensation (including directors' remuneration) amounting to approximately HKD 10,279,000 for the six months ended June 30, 2023[61] - Major shareholders include Ms. Guo Xiuqin and Dongcheng Energy Investment Limited, each holding approximately 12.10% of the company's shares[85] - Ji Shengzhi and Lu Ke each hold approximately 10.74% of the company's shares[85] - The company has a stock option plan that allows for the issuance of shares up to 30% of the total issued share capital, subject to shareholder approval[80] - The exercise price of the stock options cannot be lower than the highest of the closing price on the grant date or the average closing price over the five trading days prior to the grant date[80] - The stock option plan has a term of ten years from the date of adoption[80] Future Outlook - The company expects the performance to improve with the growth of the clean energy business, particularly in the natural gas sector, which is anticipated to contribute significant revenue[57] - The board is optimistic about the group's performance due to the expansion of the energy division, particularly with the implementation of clean energy policies by the Chinese government[57] - The company will continue to explore viable investment opportunities to enhance its value amid current global economic uncertainties[54]