CHI P ENERGY(08117)

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中国基础能源(08117) - 2023 - 中期业绩
2023-08-09 08:51
(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 ...
中国基础能源(08117) - 2023 Q1 - 季度财报
2023-05-12 10:18
Financial Performance - Total revenue for the first quarter of 2023 was approximately HKD 66,535,000, a decrease of about 12% compared to HKD 75,740,000 in the same period last year[4] - The loss attributable to the owners of the company was approximately HKD 1,904,000, an improvement from a loss of HKD 2,505,000 in the same period last year[4] - Revenue from the transportation and distribution of natural gas was HKD 56,351,000, down from HKD 66,367,000 year-on-year[14] - Revenue from the sale of thermal energy and biomass gasification products increased to HKD 6,385,000 from HKD 5,526,000 year-on-year[14] - Total rental income was HKD 3,799,000, slightly down from HKD 3,847,000 in the previous year[14] - Other income and gains amounted to HKD 1,294,000, compared to a loss of HKD 16,000 in the same period last year[15] - Financing costs totaled HKD 3,399,000, a slight increase from HKD 3,343,000 in the previous year[17] - The total comprehensive income for the period was HKD 2,498,000, compared to HKD 2,488,000 in the same period last year[9] - Basic and diluted loss per share remained at HKD (0.002) for both years[9] - Total revenue for the three months ended March 31, 2023, decreased by approximately 12% compared to the same period in 2022, primarily due to lower natural gas sales prices[27] - The loss attributable to the company's owners for the three months ended March 31, 2023, was HKD 1,904,000, compared to a loss of HKD 2,505,000 in the same period of 2022[23] - The unaudited loss before tax for the three months ended March 31, 2023, was approximately HKD 1,396,000, compared to a loss of HKD 164,000 in the same period last year[31] Dividends and Shareholder Information - The company does not propose any interim dividend for the first quarter of 2023, consistent with the previous year[4] - The company did not declare any dividends for the three months ended March 31, 2023, consistent with the same period in 2022[21] - As of March 31, 2023, the company had 1,023,987,439 ordinary shares issued[48] - Major shareholder Ms. Guo Xiuqin holds approximately 12.10% of the company's shares, totaling 123,867,678 shares[49] - Ji Shengzhi and Lu Ke each hold 10.74% of the company's shares, amounting to 110,000,000 shares each[49] - Vanke Enterprises Co., Ltd. and its subsidiaries collectively hold 9.09% of the company's shares, totaling 93,089,767 shares[49] - The company did not grant any share options during the review period, nor were any options exercised[46] - The company did not repurchase any ordinary shares during the three months ending March 31, 2023[59] Business Operations and Strategy - The company’s core business remains in natural gas, which is expected to benefit from China's increasing demand for clean energy[27] - The biomass gasification heating business in Huaining County, Anhui Province, showed stable growth in 2023, although it still incurred losses due to incomplete construction and operations of some factories[27] - The company anticipates that the natural gas business will continue to grow due to government policies encouraging the use of clean energy in China[27] - The board is optimistic that the group's performance will improve with the expansion of the energy segment, particularly in natural gas and biomass gasification heating businesses[32] - The company has established a significant natural gas sales network, which is expected to expand further, contributing substantial revenue as the Chinese government implements clean energy policies[32] - The property investment business in Yichang continues to provide stable cash inflows, with all tenants being automotive parts manufacturers supported by the local government[28] - The company is implementing stringent cost control measures and maintaining an efficient workforce structure to optimize resources for shareholder wealth creation[31] - As of March 31, 2023, the company anticipates having sufficient financial resources to support ongoing operations and future development[35] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial controls and risk management[54] - The remuneration committee is responsible for reviewing the compensation policies for all executive directors and senior management[56] - The nomination committee evaluates the board's structure and recommends changes as necessary[57] - No significant competition or conflict of interest was reported among directors and major shareholders during the review period[53] - The company has not engaged in any arrangements for directors or their family members to benefit from purchasing shares during the period[52]
中国基础能源(08117) - 2023 Q1 - 季度业绩
2023-05-10 08:30
(於開曼群島註冊成立之有限公司) (股份代號:8117) 截至二零二三年三月三十一日止三個月之 第一季度業績公告 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 ...
中国基础能源(08117) - 2022 - 年度财报
2023-03-30 08:52
Financial Performance - In 2022, the company's revenue increased compared to 2021, primarily due to the growth in natural gas business revenue, especially in the first half of 2022, and the full-year contribution from the biomass gasification heating business[12]. - The company reported a loss for 2022 but is optimistic about future performance improvements[12]. - The total revenue for the year ended December 31, 2022, was approximately HKD 184,683,000, representing an increase of about 30.5% compared to HKD 141,544,000 in the previous year[20]. - The group reported a pre-tax loss of approximately HKD 8,311,000 for the year, an increase from a loss of HKD 4,794,000 in the previous year, attributed to rising operational expenses in several segments[20]. - As of December 31, 2022, the group's net assets were approximately HKD 335,418,000, down from HKD 366,193,000 in the previous year, with total assets of about HKD 738,521,000[23]. Business Segments - The clean energy business is currently the core business and will continue to be so in the future, with ongoing efforts to expand market share and seek growth opportunities[13]. - The natural gas distribution and property investment businesses are less affected by the COVID-19 pandemic due to their reliance on domestic demand and the necessity of natural gas as a resource[13]. - The biomass gasification heating business is a relatively new energy sector in China, and the company is optimistic about its development prospects[10]. - The natural gas business remains the core segment, benefiting from increased demand for clean energy in China, supported by government policies encouraging the use of natural gas[17]. - The biomass gasification heating business in Huaining County, Anhui Province, is expected to generate significant revenue, although it reported a loss in 2022 due to incomplete construction and operations[18]. Investments and Growth Opportunities - The company aims to become a leading clean energy operator in several cities and regions in China[13]. - The company will continue to explore potential investment opportunities to enhance shareholder value[13]. - The company is developing a new biomass gasification heating facility in Huaining County, Anhui Province, which is expected to grow due to high demand for thermal energy in the region[10]. - The collaboration with Beijing Jingneng Clean Energy Power Co., Ltd. for natural gas facility construction is progressing as planned, with expectations for the combined heat and power project to contribute positively soon[9]. Corporate Governance - The company has established an audit committee to enhance accountability and independence, despite not having a designated CEO, which deviates from the corporate governance code[41]. - The company has a diverse board with members possessing extensive experience in finance, management, and the energy sector, contributing to effective governance[49][50][51]. - The board emphasizes the importance of maintaining good relationships with suppliers and customers to achieve corporate goals, regularly communicating to build confidence in the company's prospects[128]. - The board has established a remuneration committee composed solely of independent non-executive directors, which held one meeting during the review year[157]. - The independent non-executive directors have served the company for over 9 years, and their future reappointments will comply with independence standards[152]. Shareholder Communication and Rights - The company aims to provide high levels of disclosure and financial transparency to shareholders through its website and the Stock Exchange[183]. - The board emphasizes the importance of communication with shareholders and encourages attendance at general meetings for dialogue[183]. - The company has established a shareholder communication policy to ensure effective communication and timely access to information[186]. - The board has implemented measures to protect shareholder rights, including independent resolutions for significant issues at general meetings[185]. Risk Management and Internal Controls - The company has adopted a robust internal control system to safeguard assets and ensure reliable financial reporting[171]. - The risk management system is designed to manage, rather than eliminate, risks that may hinder the achievement of business objectives[172]. - The board believes that the risk management and internal control systems are effective and adequately resourced[177]. - The internal control system is reviewed annually to ensure its effectiveness[180]. - The audit committee held four meetings during the review year to monitor the financial reporting system and internal controls[161]. Employee Compensation and Development - The total employee compensation for the year was approximately HKD 20,855,000, with a workforce of 151 full-time employees across Hong Kong and China[35]. - The company offers competitive compensation to attract and motivate employees, with regular reviews and stock options for outstanding performers[126]. - All directors have participated in continuous professional development to enhance their knowledge and skills, ensuring informed contributions to the board[146]. Environmental Commitment - The company is committed to environmental sustainability and adheres to environmental laws and regulations, focusing on resource efficiency, energy conservation, and waste reduction[124]. - The company has maintained compliance with all relevant laws and regulations without any significant violations during the review year[125]. Audit and Financial Reporting - The financial statements have been audited by a reputable firm, with no changes in auditors over the past three years[134]. - The independent auditor confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022[192]. - The audit committee reviewed the annual report and financial statements, ensuring compliance with applicable accounting standards[163]. - The external auditor's fees for audit services amounted to approximately HKD 1,280,000 for the year ended December 31, 2022, consistent with the previous year[170].
中国基础能源(08117) - 2022 - 年度业绩
2023-03-22 14:09
(於開曼群島註冊成立之有限公司) (股份代號:8117) 截至二零二二年十二月三十一日止年度之 全年業績公告 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, ...
中国基础能源(08117) - 2022 Q3 - 季度财报
2022-11-10 10:42
Financial Performance - Total revenue for the nine months ended September 30, 2022, was approximately HKD 134,325,000, an increase of about 60.6% compared to HKD 83,621,000 for the same period in 2021[6]. - The loss attributable to the owners of the company for the nine months ended September 30, 2022, was approximately HKD 23,824,000, compared to a loss of HKD 11,014,000 for the same period in 2021[6]. - Revenue for the third quarter of 2022 was HKD 24,454,000, compared to HKD 21,398,000 for the same quarter in 2021[9]. - The company reported a net loss of HKD 12,039,000 for the third quarter of 2022, compared to a profit of HKD 1,938,000 for the same quarter in 2021[9]. - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 65,842,000, compared to a loss of HKD 6,805,000 for the same period in 2021[11]. - Basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.026, compared to HKD 0.011 for the same period in 2021[11]. - The company reported a foreign exchange loss of HKD 39,660,000 for the nine months ended September 30, 2022, compared to a gain of HKD 4,167,000 for the same period in 2021[11]. - The unaudited loss before tax for the nine months ended September 30, 2022, was approximately HKD 26,182,000, compared to a loss of HKD 10,972,000 for the same period last year[35]. Revenue Sources - Revenue from gas transportation and distribution increased to HKD 12,988,000 for the three months ended September 30, 2022, compared to HKD 12,347,000 in the same period of 2021, representing a growth of 5.2%[16]. - The revenue from sales of thermal energy and biomass gasification products rose to HKD 7,765,000 for the three months ended September 30, 2022, compared to HKD 4,875,000 in the same period of 2021, marking a growth of 59.4%[16]. - The total miscellaneous income for the nine months ended September 30, 2022, was HKD 1,515,000, significantly higher than HKD 570,000 in the same period of 2021, indicating a growth of 165.8%[18]. Costs and Expenses - The company experienced a significant increase in inventory changes, with a decrease of HKD 101,796,000 for the nine months ended September 30, 2022, compared to HKD 53,989,000 for the same period in 2021[9]. - Financing costs for the nine months ended September 30, 2022, were HKD 10,769,000, an increase from HKD 8,975,000 in the same period in 2021[9]. - The total financing costs for the nine months ended September 30, 2022, were HKD 10,769,000, an increase of 19.9% from HKD 8,975,000 in the same period in 2021[19]. Dividends and Shareholder Information - No interim dividend was declared for the nine months ended September 30, 2022, consistent with the previous year[6]. - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the same period in 2021[24]. - As of September 30, 2022, the company has 1,023,987,439 issued ordinary shares[49]. - The beneficial ownership of Ms. Ma Zhang is 371,301,632 shares, representing approximately 36.26%[43]. - Major shareholders include Ms. Guo Xiuqin with 123,867,678 shares (12.10%) and Ji Shengzhi with 110,000,000 shares (10.74%)[53]. Corporate Governance and Structure - The board of directors consists of both executive and independent non-executive members, ensuring a diverse governance structure[65]. - The company has established an audit committee in compliance with GEM listing rules to oversee financial controls and risk management[58]. - The remuneration committee is responsible for considering the remuneration policies for all executive directors and senior management[60]. - The nomination committee evaluates the independence of independent non-executive directors and recommends changes to the board structure[61]. - There were no arrangements for directors or their family members to benefit from purchasing shares or debt securities of the company[56]. Future Outlook and Strategy - The natural gas business remains the core business of the group, benefiting from China's increasing demand for clean energy and government policies promoting natural gas usage[31]. - The biomass gasification heating plant in Huaining County, Anhui Province, is expected to generate significant revenue, although it has incurred losses to date due to incomplete construction and operations[32]. - The property investment business in Yichang provided stable positive cash flow during the review period, with tenants primarily being automotive parts manufacturers supported by local government development[32]. - The board is optimistic about the group's performance as the energy division expands, particularly with the growth of the natural gas and biomass gasification heating businesses[37]. - The group will continue to implement stringent cost control measures and maintain an efficient workforce to enhance shareholder value[35]. - The group is closely monitoring the impact of the ongoing pandemic on operations and financial performance[34]. - The board will continue to explore viable investment opportunities to enhance the company's value amid current economic uncertainties[34]. Share Option Plan - The new share option plan allows for the issuance of up to 102,398,743 shares, which is 10% of the issued shares as of March 31, 2022[49]. - The new share option plan aims to reward eligible participants for their contributions to the company's growth[46]. - The new share option plan is effective for 10 years from the adoption date, which was May 17, 2022[44]. - The company believes that expanding the scope of eligible participants for the new share option plan will enhance flexibility in rewarding contributions[46]. - The company did not repurchase any ordinary shares during the nine months ended September 30, 2022[63]. - No share options were granted, exercised, or lapsed during the review period[50]. Financial Health - The company expects to have sufficient financial resources for ongoing operations and future development as of September 30, 2022[39]. - The company has not disclosed any other interests or positions held by directors or executives beyond what has been reported[40]. - The company has not engaged in any business that constitutes or may constitute direct or indirect competition with its operations during the review period[57].
中国基础能源(08117) - 2022 - 中期财报
2022-08-11 13:01
Financial Performance - Total revenue for the six months ended June 30, 2022, was approximately HKD 109,871,000, an increase of about 76.6% compared to HKD 62,223,000 for the same period in 2021[6]. - The loss attributable to owners of the company was approximately HKD 14,006,000, compared to a loss of HKD 13,481,000 for the same period in 2021[6]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 32,290,000, compared to HKD 8,806,000 for the same period in 2021[11]. - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.014, compared to HKD 0.013 for the same period in 2021[11]. - The company reported a significant increase in trade payables, which rose to HKD 12,519,000 as of June 30, 2022, from HKD 6,340,000 as of December 31, 2021[13]. - The company reported a loss of HKD 14,006,000 for the six months ended June 30, 2022, compared to a loss of HKD 13,481,000 in the same period of 2021[23]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 30,254,000, compared to a loss of HKD 14,006,000 in the same period of 2021[23]. Revenue Breakdown - Revenue from gas transportation and distribution reached HKD 89,350,000 for the six months ended June 30, 2022, a significant increase of 76.6% compared to HKD 50,569,000 in the same period of 2021[23]. - Revenue from the sale of thermal energy and biomass gasification products was HKD 13,025,000 for the six months ended June 30, 2022, compared to HKD 3,812,000 in the same period of 2021, marking a growth of 241.5%[23]. - Revenue from external customers for the energy and bio segment reached HKD 89,350,000 for the six months ended June 30, 2022, up from HKD 50,569,000 in the same period of 2021, reflecting a growth of 76.7%[37]. - Total revenue for the six months ended June 30, 2022, increased compared to the same period in 2021, primarily due to increased demand for natural gas and contributions from the new biomass gasification heating business[56]. Assets and Liabilities - Non-current assets as of June 30, 2022, totaled HKD 485,586,000, a slight decrease from HKD 493,941,000 as of December 31, 2021[13]. - Current assets as of June 30, 2022, were HKD 253,083,000, down from HKD 259,009,000 as of December 31, 2021[13]. - Total liabilities as of June 30, 2022, amounted to HKD 404,766,000, compared to HKD 386,757,000 as of December 31, 2021[14]. - The net asset value as of June 30, 2022, was HKD 333,903,000, a decrease from HKD 366,193,000 as of December 31, 2021[14]. - As of June 30, 2022, total borrowings amounted to HKD 275,791,000, an increase from HKD 267,210,000 as of December 31, 2021[46]. Cash Flow - The net cash generated from operating activities was HKD 11,503,000 for the six months ended June 30, 2022, compared to HKD 1,133,000 in the same period of 2021[17]. - The net cash used in investing activities was HKD 14,485,000 for the six months ended June 30, 2022, an improvement from HKD 25,507,000 in the same period of 2021[17]. - The net cash generated from financing activities was HKD 17,545,000 for the six months ended June 30, 2022, compared to HKD 28,128,000 in the same period of 2021[17]. - The cash and cash equivalents at the end of June 30, 2022, amounted to HKD 121,203,000, significantly up from HKD 16,380,000 at the end of June 30, 2021[17]. Shareholder Information - Major shareholders as of June 30, 2022, include Guo Xiuqin with 12.10% and Ji Shengzhi with 10.74% of the company's shares[90]. - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[6]. - The company did not redeem any ordinary shares during the six months ended June 30, 2022[100]. - The company did not purchase or sell any ordinary shares during the six months ended June 30, 2022[100]. Corporate Governance - The company has established an audit committee to review financial controls and risk management systems, consisting of three independent non-executive directors[96]. - The remuneration committee is responsible for considering the remuneration policies for all executive directors and senior management, also composed of three independent non-executive directors[98]. - The board of directors consists of both executive and independent non-executive directors, ensuring a balance of power[107]. - The company has adopted a code of conduct for securities trading by directors, in compliance with GEM Listing Rules[105]. Future Outlook - The company expects stable growth in its natural gas business, which is anticipated to contribute significant revenue due to the expansion of the energy division[62]. - The company’s natural gas business remains its core, benefiting from government policies encouraging the use of clean energy, with expectations for continued growth in this sector[56]. - The company will continue to explore viable investment opportunities to enhance its value amid global economic uncertainties[60]. - The property investment business in Yichang provided stable positive cash flow, supported by tenants in the automotive parts manufacturing sector, indicating strong future prospects[57].
中国基础能源(08117) - 2022 Q1 - 季度财报
2022-05-12 10:22
Financial Performance - Total revenue for the first quarter of 2022 was approximately HKD 75,740,000, representing an increase of about 103.8% compared to HKD 37,171,000 in the same period last year[6]. - The loss attributable to the owners of the company was approximately HKD 2,505,000, a decrease from a loss of HKD 6,224,000 in the same period last year[6]. - Revenue from the transportation and distribution of natural gas was HKD 66,367,000, up from HKD 33,269,000 year-on-year[16]. - Sales of thermal energy and biomass gasification products generated revenue of HKD 5,526,000, with no revenue reported in the previous year[16]. - The total comprehensive income for the period was HKD 2,488,000, compared to a loss of HKD 6,573,000 in the same period last year[11]. - For the three months ended March 31, 2022, the company reported a loss before tax of HKD 164,000, compared to a loss of HKD 5,635,000 for the same period in 2021, indicating a significant improvement[21]. - The basic and diluted loss per share for the three months ended March 31, 2022, was HKD 2,505,000, compared to HKD 6,224,000 for the same period in 2021, reflecting a reduction in losses[24]. - Total revenue for the three months ended March 31, 2022, increased due to higher demand for natural gas and contributions from the new biomass gasification heating business[28]. - The company reported a total comprehensive loss of HKD 7,287,000 for the three months ended March 31, 2022, compared to HKD 6,573,000 in the previous year[26]. Business Operations - The company’s main business activities include the transportation and distribution of natural gas, thermal energy sales, and property investment in China[13]. - The company’s natural gas business remains its core operation, benefiting from government policies promoting clean energy usage in China[28]. - The biomass gasification heating plant in Huaining County, Anhui Province, is expected to generate significant revenue due to high heating demand in the region[28]. - The energy division, primarily consisting of natural gas and biomass gasification heating businesses, is expected to expand and contribute significantly to the company's core operations[33]. - The property investment business in Yichang is expected to continue generating stable rental income due to its location in a government-supported automotive manufacturing industrial park[32][34]. Financial Management - Total financing costs increased to HKD 3,343,000 from HKD 2,607,000 year-on-year[18]. - The company incurred depreciation expenses of HKD 4,509,000 for property, plant, and equipment, compared to HKD 4,020,000 in the previous year[19]. - The company has not made any provisions for Hong Kong profits tax as there were no assessable profits generated by its Hong Kong subsidiaries during the period[20]. - The company anticipates sufficient financial resources to support ongoing operations and future development as of March 31, 2022[36]. - The board is implementing stringent cost control measures and maintaining an efficient workforce structure to create value for shareholders[32]. Share Options and Ownership - As of March 31, 2022, the total number of share options granted under the share option scheme was updated to 102,398,743 shares, representing 10% of the issued shares as of that date[45]. - The total number of share options available for grant as of March 31, 2022, was 159,268,743, which accounts for approximately 15.55% of the issued share capital[45]. - The remaining term of the share option scheme was approximately 2 months as of March 31, 2022, and the scheme expired on May 8, 2022[46]. - The company plans to adopt a new share option scheme, which will be effective for 10 years upon approval at the annual general meeting[46]. - As of March 31, 2022, major shareholders held the following interests: Guo Xiuqin held 123,867,678 shares (12.10%), Ji Shengzhi and Lu Ke each held 110,000,000 shares (10.74%)[49]. - Vanke Enterprises Co., Ltd. and its subsidiaries held 93,089,767 shares (9.09%) as of March 31, 2022[49]. - The total number of share options granted to directors and employees was 56,870,000, with no options exercised or cancelled during the period[48]. - The exercise price for the share options was set at HKD 0.87 per share[48]. - The company has not disclosed any other individuals with significant interests in the shares as of March 31, 2022, apart from the directors and the CEO[51]. - The new share option scheme will require approval from the Stock Exchange before the shares can be issued and traded[46]. Corporate Governance - The audit committee consists of three independent non-executive directors, reviewing financial controls and risk management systems[55]. - The remuneration committee is responsible for considering the remuneration policies for all executive directors and senior management[57]. - The nomination committee evaluates the independence of non-executive directors and recommends changes to the board structure[58]. - There were no arrangements for directors or their family members to benefit from purchasing shares or debt securities of the company[54]. - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[62]. - The company has established a clear framework for its committees to enhance corporate governance[55]. - The company is committed to maintaining independence and objectivity in its external audit processes[55]. Market Activity - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[22]. - The company did not repurchase any ordinary shares during the three months ended March 31, 2022[60]. - No securities were bought or sold by the company or its subsidiaries during the reporting period[60]. - The board will continue to explore viable investment opportunities to enhance the company's value amid current global economic instability[31].
中国基础能源(08117) - 2021 - 年度财报
2022-03-30 08:48
Financial Performance - In 2021, the company's revenue increased compared to 2020, primarily due to the growth in natural gas business and the introduction of biomass gasification heating business[13]. - The company reported a loss in 2021 but is optimistic about future performance improvements[13]. - Total revenue for the year ended December 31, 2021, increased compared to the same period in 2020, primarily due to growth in the natural gas business and contributions from the new biomass gasification heating business[17]. - The audited loss before tax for the year was approximately HKD 4,794,000, compared to a profit of HKD 10,080,000 in 2020, primarily due to a decrease in gains from the sale of a subsidiary, which was HKD 14,550,000 compared to HKD 55,197,000 in 2020[30]. - Total revenue for the year ended December 31, 2021, was approximately HKD 141,544,000, an increase of about 60.4% compared to HKD 88,223,000 in the previous year[30]. Business Segments - The natural gas distribution and investment properties business is less affected by the pandemic due to its reliance on domestic demand, positioning the company favorably for future growth[14]. - The biomass gasification heating facility in Huaining County, Anhui Province, was launched as a new segment in the clean energy business, with optimistic growth expectations due to high local demand for heating[10]. - The clean energy business is identified as the core business moving forward, with plans to expand market share and explore growth opportunities[14]. - The natural gas business remains the core segment, benefiting from China's policies promoting clean energy usage, with significant growth expected due to rising demand for clean energy[17]. - The energy division, primarily consisting of natural gas and biomass gasification heating businesses, is expected to grow significantly due to the expansion of the sales network and the implementation of clean energy policies by the Chinese government[31]. Investment and Financial Transactions - The company completed the sale of 90% equity in Yichang Yiling District Zhongji Thermal Power Co., Ltd. for RMB 42,072,200, with the transaction finalized on August 24, 2021[22][23]. - The sale of 49% equity in Yichang Zhongji Natural Gas Utilization Co., Ltd. was completed for RMB 532,875, also finalized on August 24, 2021[25][26]. - The estimated gain from the sale of the two subsidiaries is approximately RMB 10,200,000, with net proceeds expected to be around RMB 42,300,000 after expenses[26]. - Approximately RMB 26,000,000 of the net proceeds will be used to repay outstanding payables to Zhongji Thermal Power Co., Ltd., with the remainder allocated for further investment in existing gas projects[26]. Corporate Governance - The board consists of a chairman, one executive director, one non-executive director, and three independent non-executive directors, ensuring diverse governance[149]. - The board of directors does not recommend the payment of any final dividend for the fiscal year ending December 31, 2021[82]. - The company has adopted key corporate governance practices, detailed in the annual report[123]. - The audit committee reviewed the financial statements for the year ended December 31, 2021, and confirmed compliance with applicable accounting standards and GEM listing rules[125]. - The company has established an audit committee composed entirely of independent non-executive directors to ensure accountability and independence[159]. Risk Management and Internal Control - The company has established a robust internal control system to safeguard assets and ensure reliable financial reporting[180]. - The risk management system aims to manage risks rather than eliminate them, providing reasonable assurance regarding the achievement of business objectives[181]. - The board is responsible for continuously monitoring and reviewing the effectiveness of the risk management and internal control systems[180]. - The internal audit team identified several internal control weaknesses and risks, but none were deemed significant, indicating the effectiveness of the risk management and internal control systems[185]. - The board believes that the risk management and internal control systems are effective and have no significant deficiencies, with annual reviews conducted[187]. Employee and Compensation - The total employee compensation for the year was approximately HKD 23,572,000, with 9 full-time employees in Hong Kong and 148 in China[46]. - The remuneration committee is responsible for reviewing and determining the remuneration of executive directors and senior management, ensuring competitive compensation[126]. Shareholder Information - The company has a share premium account of HKD 714,488,000 available for distribution to shareholders after solvency tests[75]. - The company has a total of 1,023,987,439 ordinary shares issued as of December 31, 2021[96]. - Major shareholders include Guo Xiuqin with 123,867,678 shares (12.10%) and Ji Shengzhi with 110,000,000 shares (10.74%) as of December 31, 2021[112]. - The company's top five customers accounted for approximately 73% of total sales, with the largest customer contributing about 62%[121]. - The largest supplier represented about 46% of total purchases, while the top five suppliers accounted for approximately 71% of total procurement[122].
中国基础能源(08117) - 2021 Q3 - 季度财报
2021-11-11 08:30
Financial Performance - Total revenue for the nine months ended September 30, 2021, was approximately HKD 83,621,000, an increase of about 33.2% compared to HKD 62,791,000 for the same period in 2020[5]. - The loss attributable to owners of the company for the nine months ended September 30, 2021, was approximately HKD 11,014,000, compared to a profit of HKD 32,099,000 for the same period in 2020[5]. - The group reported a net loss before tax of HKD 10,972,000 for the nine months ended September 30, 2021, compared to a profit of HKD 31,897,000 for the same period in 2020[8]. - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 6,805,000, compared to a total comprehensive income of HKD 35,833,000 for the same period in 2020[9]. - The overall comprehensive income for the nine months ended September 30, 2021, was a loss of HKD 7,177,000, compared to a profit in the previous year[31]. - The company recorded a significant decrease in profit primarily due to reduced gains from the sale of subsidiary interests, which amounted to approximately HKD 13,016,000, down from HKD 58,770,000 in the previous year[44]. Revenue Breakdown - Revenue for the third quarter of 2021 was HKD 21,398,000, compared to HKD 12,174,000 for the same quarter in 2020[8]. - Revenue for the three months ended September 30, 2021, was HKD 21,398,000, an increase of 75.7% compared to HKD 12,174,000 for the same period in 2020[15]. - Revenue from gas transportation and distribution reached HKD 12,347,000 for the three months ended September 30, 2021, up 42.9% from HKD 8,668,000 in 2020[15]. - Total rental income increased to HKD 4,176,000 for the three months ended September 30, 2021, compared to HKD 3,506,000 in the same period last year, representing a growth of 19.0%[15]. - Total revenue for the nine months ended September 30, 2021, increased compared to the same period in 2020, primarily due to growth in the natural gas business and contributions from the new biomass gasification heating business[31]. Dividends and Shareholder Information - No interim dividend was proposed for the nine months ended September 30, 2021, consistent with the previous year[5]. - The company did not declare any dividends for the nine months ended September 30, 2021, consistent with the same period in 2020[24]. - Major shareholders hold significant stakes, with Guo Xiuqin and Dongcheng Energy Investment Limited each owning approximately 12.10% (123,867,678 shares) as of September 30, 2021[63]. - Ji Shengzhi and Lu Ke each hold 10.74% (110,000,000 shares) of the company's equity[63]. - Vanke Enterprises and its subsidiaries collectively own 9.09% (93,089,767 shares) of the company[65]. Operational Highlights - The group operates primarily 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 government policies encouraging the use of clean energy, with expectations of continued growth in this area[31]. - The biomass gasification heating plant in Huaining County, Anhui Province, has commenced operations, with significant heating demand anticipated to generate considerable revenue for the company[31]. - The property investment business in Yichang provided stable positive cash flow, with all tenants being automotive parts manufacturers supported by local government development[32]. - The company has established a significant natural gas sales network, which is expected to expand, contributing substantial revenue as the Chinese government implements clean energy policies[45]. Financial Management and Resources - As of September 30, 2021, total equity attributable to owners was HKD 353,374,000, reflecting a decrease from the previous period[30]. - As of September 30, 2021, the company had sufficient financial resources to meet its ongoing operations and future development needs[47]. - The company plans to continue exploring viable investment opportunities to enhance its value amid global economic instability[34]. Share Options and Corporate Governance - As of September 30, 2021, the total number of share options granted under the share option scheme was 159,268,743, representing approximately 15.55% of the company's issued share capital[57]. - The company has a remaining validity period of approximately 8 months for the share option scheme as of September 30, 2021[58]. - The total number of share options granted to directors as of September 30, 2021, was 14,420,000, with no options exercised or cancelled during the period[60]. - The exercise price for the share options granted is set at HKD 0.87 per share[60]. - The company has established a remuneration committee to review and determine the compensation policies for executive directors and senior management[71]. Risk Management and Compliance - The audit committee reviewed the unaudited performance for the nine months ending September 30, 2021, ensuring compliance with financial controls and risk management systems[70]. - The company is committed to maintaining transparency and compliance with the Securities and Futures Ordinance regarding shareholder disclosures[66]. - There were no reported conflicts of interest among directors and major shareholders during the review period[68].