香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 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 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Century Energy International Holdings Limited 百能國際能源控股有限公司 (股份代號:8132) (於開曼群島註冊成立的有限公司) 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 第 一 季 度 業 績 公 告 百 能 國 際 能 源 控 股 有 限 公 司(「本 公 司」)董 事(「董 事」)會(「董 事 會」)宣 佈 本 公 司 及 其 子 公 司 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 未 經 審 核 綜 合 第 一 季 度 業 績。本 公 告 載 有 本 公 司 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 第 一 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company's revenue was approximately HKD 603.1 million, an increase of about 965.5% compared to HKD 56.6 million in the same period last year, primarily due to increased natural gas sales[8]. - The company reported a loss attributable to owners of approximately HKD 30.7 million for the fiscal year, compared to a profit of approximately HKD 104.7 million in the previous year, largely due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million recognized in the prior year[8]. - Revenue from natural gas sales for the fiscal year was approximately HKD 562 million, compared to none in the previous year[14]. - Revenue from the power and data cable business decreased by approximately 27.2% to about HKD 41.2 million, down from HKD 56.6 million in the previous year, attributed to intensified competition and the growing popularity of multifunctional cables[15]. - The contribution to total revenue from the U.S. and China markets was approximately 3.3% and 96.0%, respectively, compared to 38.9% and 54.2% in the previous year[10]. - The company does not recommend the payment of dividends for the fiscal year[9]. Business Strategy and Operations - The company is actively advancing its clean energy trade business, aligning with national carbon neutrality and peak carbon emissions initiatives[12]. - The company is focusing on pipeline natural gas and liquefied natural gas (LNG) trade, primarily within domestic markets, while also exploring international business opportunities under suitable conditions[12]. - The company aims to match the supply and demand of clean energy by connecting upstream natural gas resources with downstream customer markets[12]. - The company aims to focus on clean energy and technological innovation to align with China's carbon peak and carbon neutrality goals by 2030 and 2060, respectively[17]. - A joint venture was established with a registered capital of RMB 25 million, where the company contributed RMB 15 million, holding a 60% stake[18]. - The company invested RMB 10 million in a partnership to establish an investment management center, enhancing its investment capabilities[20]. - A joint venture was formed to develop liquefied natural gas (LNG) trading business with a registered capital of RMB 5 million, where the company contributed RMB 2 million[21]. - The company entered a non-binding strategic cooperation agreement with Vietnam CNG for LNG trading, aiming to develop a supply chain in Vietnam[22]. Debt and Financial Position - As of March 31, 2023, the company's total debt was approximately HKD 60 million, an increase from HKD 41.6 million in the previous year[26]. - The company's cash and bank balance as of March 31, 2023, was approximately HKD 47.9 million, up from HKD 15.3 million in the previous year[26]. - The company's debt-to-asset ratio was approximately 7.5% as of March 31, 2023, a significant decrease from 26.0% in the previous year[26]. Corporate Governance - The board of directors consists of both executive and independent non-executive members, with service agreements in place for a term of three years, subject to renewal[67]. - The independent non-executive directors have initial terms of three years, with annual renewals thereafter[69]. - There are no significant interests held by directors in important contracts related to the company's business as of the end of the fiscal year[71]. - Details regarding the remuneration of directors and the five highest-paid individuals are available in the financial statements[72]. - The company has not established any compensation agreements for directors in the event of early termination of service contracts[70]. - The company is actively involved in corporate governance practices, with various committees in place to oversee audit, remuneration, and nominations[81]. - The company’s independent directors have held senior positions in other publicly listed companies, indicating a strong network and industry knowledge[83][84]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report outlines the management of significant issues affecting operations during the reporting period from April 1, 2022, to March 31, 2023[146]. - The company emphasizes the integration of sustainable development concepts into its operations to fulfill corporate social responsibility while delivering robust long-term returns to shareholders[149]. - The report adheres to the "comply or explain" provisions of the GEM listing rules, ensuring transparency in ESG performance[147]. - The company has established various communication channels with stakeholders to identify their expectations and concerns, which is crucial for sustainable development[154]. - The company has implemented a systematic importance assessment to prioritize ESG issues based on their significance to the business and stakeholders[157]. Employee and Training Initiatives - The total number of full-time employees increased from 114 in 2022 to 139 in 2023, with a notable employee turnover rate of 57% among female employees[183]. - Approximately 8% of employees participated in various training programs during the reporting period, with an average training duration of about 0.9 hours per employee[191]. - The percentage of trained employees in senior management was 47% in 2023, down from 80% in 2022, indicating a significant decrease in training engagement at this level[191]. - The average training hours for male employees was 1.3 hours in 2023, while female employees averaged 0.3 hours, reflecting a disparity in training opportunities[191]. Risk Management - The board confirmed the effectiveness and adequacy of the risk management and internal control systems, which are designed to manage rather than eliminate risks associated with achieving business objectives[139]. - The company has established a risk management framework that includes tracking identified risks, assessing their potential impact, and developing response procedures[137]. - The company has a process for handling and disclosing inside information, ensuring compliance with relevant regulations[138]. Environmental Impact - The company's nitrogen oxide emissions decreased from 27.2 kg in 2022 to 20.6 kg in 2023, a reduction of approximately 24.3%[163]. - Total greenhouse gas emissions decreased from 1,172 tons of CO2 equivalent in 2022 to 931 tons in 2023, a reduction of approximately 20.6%[167]. - The company aims to reduce its greenhouse gas emissions by 5% by 2027 based on 2022 levels[166]. - The total harmless waste generated in 2023 was 109.33 tons, with plastic waste significantly increasing to 98 tons from 6.38 tons in 2022[170]. - The company plans to reduce harmless waste by 5% by 2027 based on 2022 levels through the implementation of the 3R approach: Reduce, Reuse, and Recycle[170].

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 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,並表明不會就本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Century Energy International Holdings Limited 百 能 國 際 能 源 控 股 有 限 公 司 (股份代號:8132) (於開曼群島註冊成立的有限公司) 截至二零二三年三月三十一日止年度之 全年業績公告 百能國際能源控股有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然宣佈本公 司及其子公司截至二零二三年三月三十一日止年度之經審核綜合業績。本公告載 有本公司截至二零二三年三月三十一日止年度之年報(「年報」)全文,符合香港聯 合 交 易 所 有 限 公 司 GEM 證 券 上 市 規 則(「GEM 上 市 規 則」)有 關 全 年 業 績 初 步 公 告 附載之相關資料要求。載有GEM上市規則所要求資料的年報之印刷版本將按GEM 上市規則所要求的方式適時寄發予本公司股東。 承董事會命 百能國際能源 ...

Financial Performance - The company reported a total revenue of 10,134 million for the third quarter of 2022, showing a significant increase compared to the previous quarter[41]. - The company reported an unaudited loss attributable to owners of approximately HKD 16.6 million, compared to a profit of HKD 120.8 million in the same period last year, primarily due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million from the previous year[124]. - Revenue for the three months ended December 31, 2022, was HKD 222,584 thousand, an increase from HKD 216,999 thousand in the same period of 2021, representing a growth of approximately 2.4%[136]. - Gross profit for the nine months ended December 31, 2022, was HKD 14,375 thousand, a decrease from HKD 14,982 thousand in the same period of 2021, reflecting a decline of about 4.0%[136]. - Total comprehensive loss for the nine months ended December 31, 2022, was HKD 17,267 thousand, compared to a profit of HKD 122,951 thousand in the same period of 2021[142]. - The company recorded a debt restructuring gain of HKD 140,906 thousand for the nine months ended December 31, 2022[158]. - The company reported a basic loss per share of HKD 0.0023 for the nine months ended December 31, 2022, compared to a profit of HKD 0.0485 per share for the same period in 2021[172]. User and Market Growth - User data indicated a total of 736,968 active users as of December 31, 2022, reflecting a growth of 3% from the previous quarter[41]. - The company is planning market expansion into two new regions, which is projected to increase user acquisition by 10% over the next year[41]. - The company has set a performance guidance for the next quarter, aiming for a revenue increase of approximately 5%[41]. Product Development and Innovation - New product development efforts have led to the introduction of three innovative energy solutions, expected to contribute an additional 1,998 million in revenue[41]. - The company aims to leverage opportunities from national carbon neutrality and peak carbon emissions initiatives, focusing on the clean energy industry chain and actively promoting clean energy trading[131]. - The company is committed to utilizing technological innovation to accelerate the transition to clean energy and improve energy efficiency[121]. Financial Position and Liabilities - The total liabilities reported were 780,861 million, indicating a decrease of 5% from the previous quarter[41]. - The company has no significant contingent liabilities as of December 31, 2022, ensuring a stable financial position moving forward[52]. - The company’s total liabilities decreased significantly due to the debt restructuring plan, resulting in a gain of approximately HKD 140,906,000[178]. Shareholder Information - The company reported a total of 1,859,639,090 shares held by significant shareholders, with 1,533,392,076 shares held by other concert parties[69]. - The largest shareholder, Liang Yongchang, holds 1,501,078,281 shares, representing approximately 59.25% of the issued share capital[74]. - The company has a total of 358,560,809 shares held by other concert parties, accounting for about 14.15% of the issued share capital[74]. - The ownership structure indicates that major shareholders include 富盈投資(香港) with 12.878% and New Origins International Limited with 1.275%[102]. Compliance and Governance - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process[72]. - The company has maintained compliance with the Securities and Futures Ordinance regarding the disclosure of interests and positions held by directors and senior management[74]. - The company has established an audit committee in compliance with GEM Listing Rules[87]. - The company has adopted GEM Listing Rules regarding securities trading by directors, confirming compliance during the financial period[84]. Revenue Sources - The company reported that the total unaudited revenue contribution from the United States and China was approximately 0.4% and 95.0% respectively, with the remaining 4.6% coming from other markets[106]. - Revenue from natural gas sales during this period was approximately HKD 339.4 million, contributing significantly to the overall revenue growth[118]. - Revenue from the power and data cable business decreased by approximately 29.1% to about HKD 32.7 million, down from HKD 46.1 million in the previous year, due to intensified competition and the rise of multifunctional cables[120]. Other Financial Metrics - The company incurred financing costs of HKD 1,978 thousand for the three months ended December 31, 2022, compared to HKD 983 thousand in the same period of 2021[136]. - The total interest expenses for the nine months ended December 31, 2022, were HKD 5,114,000, compared to HKD 4,001,000 for the same period in 2021, showing an increase of 27.8%[179]. - The company achieved a recovery of trade receivables impairment losses amounting to HKD 403,000 for the nine months ended December 31, 2022[164].

Financial Performance - The unaudited revenue for the six months ended September 30, 2022, was approximately HKD 149.5 million, an increase of about 391.8% compared to approximately HKD 30.4 million in the same period last year[22]. - The company reported an unaudited loss attributable to owners of approximately HKD 10.8 million, compared to a profit of approximately HKD 129.8 million in the same period last year, primarily due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million recognized in the previous year[22]. - Revenue from natural gas sales during the interim period was approximately HKD 126.3 million[31]. - The contribution to total unaudited revenue from the United States and China was approximately 7% and 92%, respectively, compared to 36% and 58% in the previous year[24]. - The operating loss, excluding one-time gains, decreased from approximately HKD 11.1 million in the previous year to approximately HKD 10.8 million in the current interim period[22]. - The group's unaudited revenue from power and data cable business decreased by approximately 23.7% to about HKD 23,200,000 (2021: approximately HKD 30,400,000) due to intensified competition and the rise of multifunctional cables[32]. - Total comprehensive loss for the six months ended September 30, 2022, was HKD 10,869 thousand, a significant decrease from HKD 130,791 thousand in the same period last year[49]. - The company reported a comprehensive loss of HKD 9,383,000 for the six months ended September 30, 2022, compared to a profit of HKD 130,252,000 in the same period of 2021[171]. - The company reported a net loss of HKD 9,383,000 for the six months ended September 30, 2022, compared to a profit of HKD 130,252,000 in the same period of 2021[171]. Cash Flow and Assets - The company’s cash and cash equivalents increased to HKD 117,078 thousand as of September 30, 2022, compared to HKD 73,304 thousand as of March 31, 2022[73]. - The company reported a net increase in cash and cash equivalents of HKD 20,898,000 for the period, with cash and cash equivalents totaling HKD 35,783,000 as of September 30, 2022[149]. - Non-current assets decreased to HKD 25,187 thousand as of September 30, 2022, from HKD 27,812 thousand as of March 31, 2022[69]. - The company’s total liabilities increased to HKD 103,871 thousand as of September 30, 2022, compared to HKD 53,499 thousand as of March 31, 2022[80]. - The company's total assets as of September 30, 2022, amounted to HKD 113,169,000, while total liabilities were HKD 76,641,000, indicating a debt-to-asset ratio of approximately 67.8%[166]. Operational Highlights - The company is actively promoting clean energy trade business and developing downstream customer markets to match supply and demand for clean energy[31]. - The company is focusing on both domestic and international natural gas trade, primarily through pipeline and liquefied natural gas (LNG) operations[31]. - The group established a joint venture for the research, production, and sale of aerogel products in China with a registered capital of RMB 25,000,000 (approximately HKD 29,250,000), with the group contributing RMB 15,000,000 (approximately HKD 17,550,000) for a 60% stake[34][36]. - The group aims to provide stable business and continuous gas supply to upstream units while ensuring competitive pricing for downstream customers[31]. - The group is focused on developing its clean energy industry chain and utilizing cutting-edge technology to enhance energy efficiency and reduce environmental impact[33]. Employee and Cost Management - The total employee cost for the interim period was approximately HKD 10,700,000 (2021: approximately HKD 6,200,000) reflecting an increase in workforce from 114 to 133 full-time employees[38]. - The company reported a decrease in sales costs to HKD 140,738 thousand for the six months ended September 30, 2022, down from HKD 20,655 thousand in the previous year[49]. - The company’s total expenses decreased to HKD 9,433,000 for the six months ended September 30, 2022, from HKD 10,560,000 in the same period of 2021[171]. Financing and Investments - The company issued new shares and convertible bonds, raising a total of HKD 20,000,000, which will support its financing activities[142]. - The company has made significant investments in property, plant, and equipment, with a cash outflow of HKD 4,781,000 for advance payments during the period[122]. - The group has no significant investments or disposals during the interim period, nor any major acquisitions or disposals of subsidiaries or associates[42]. - The group aims to leverage its experience through investments or acquisitions in energy-related businesses to achieve sustainable growth and maximize returns for shareholders[38]. Dividends and Shareholder Returns - The board does not recommend the payment of any dividend for the interim period[23]. - The company did not recommend any interim dividend for the six months ended September 30, 2022, consistent with the previous year[193]. Segment Reporting - The company’s segment reporting shows a loss of HKD 2,577,000 in one of its divisions, with total segment liabilities of HKD 20,304,000 as of March 31, 2022[168]. - The company reported a total segment profit of HKD 622,000 for the six months ended September 30, 2022, compared to a loss of HKD 2,577,000 in the same period of 2021[171].

Financial Performance - The unaudited revenue for the three months ended June 30, 2022, was approximately HKD 27.6 million, an increase of about 89.0% compared to approximately HKD 14.6 million in the same period last year, primarily due to increased sales of liquefied natural gas[7]. - The company reported an unaudited loss attributable to owners of approximately HKD 6.0 million, compared to a profit of approximately HKD 131.6 million in the same period last year, mainly due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million recognized in the previous year[7]. - Revenue from liquefied natural gas sales for the period was approximately HKD 14.9 million, compared to none in the previous year[12]. - Revenue from mobile power and data cables decreased by 27% to approximately HKD 5.9 million, down from approximately HKD 8.1 million in the previous year, attributed to intensified competition and the growing popularity of multifunctional cables[14]. - Revenue from medical control devices remained stable at approximately HKD 5.2 million, unchanged from the previous year[20]. - The total comprehensive loss attributable to the owners of the company for the period was HKD 6,042,000, compared to a profit of HKD 131,577,000 in the previous year[35]. - The group reported an operating loss of HKD 3,693,000 for the three months ended June 30, 2022, compared to an operating loss of HKD 8,311,000 in the same period last year[34]. - The basic loss per share for the period was HKD (0.2), compared to earnings per share of HKD 25.2 in the previous year[36]. - The company generated other income of HKD 1,280,000 for the three months ended June 30, 2022, compared to HKD 765,000 in the same period of 2021, representing a growth of approximately 67%[45]. - The company reported a basic loss per share of HKD 0.0024 for the current period, compared to a profit of HKD 0.252 for the same period last year[59]. Market and Strategic Focus - The U.S. and China contributed approximately 19% and 77% of the total unaudited revenue, respectively, while other markets accounted for about 4%[9]. - The company aims to leverage opportunities in the clean energy trade and expand its customer base by matching supply and demand in the natural gas market[12]. - The group aims to enhance its core competitiveness in energy technology by integrating high-quality project resources domestically and internationally[30]. - The group is focusing on the development of the clean energy industry chain and leveraging cutting-edge technology for energy technology industrialization[30]. - The Chinese government has committed to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, which aligns with the group's focus on clean energy transition[26]. - The group plans to establish a joint venture for the research, production, and sale of aerogel products in China, with a registered capital of RMB 25,000,000 (approximately HKD 29,250,000)[30]. - The group will invest or acquire companies currently engaged in energy business to achieve sustainable growth and maximize returns for shareholders[30]. - The company is focused on technological innovation to accelerate the transition to a sustainable energy development model[24]. Shareholder and Capital Structure - The company has implemented a share option plan to attract and retain talent, which was adopted on September 29, 2021, and is valid for ten years[70]. - Under the 2021 share option plan, the total number of shares that can be issued is capped at 10% of the total issued shares at the time of listing, which amounts to 253,346,545 shares[71]. - The maximum number of shares that can be issued to any participant under the share option plan is limited to 1% of the total issued shares within any 12-month period[72]. - The company has not granted any share options under the 2021 plan during the current fiscal year[71]. - The company aims to enhance business performance through the share option plans, which are designed to incentivize employees and directors[70]. - The company has a total of 1,859,639,090 shares, with 358,560,809 shares held by other concert parties[91]. - Mr. Liang Yongchang holds 59.25% of the company's shares through controlled corporations, totaling 1,501,078,281 shares[87]. - Mr. Zhang Chaosheng, as the spouse of Ms. Zhou Jing, has a beneficial interest of 73.403% in the company, amounting to 1,859,639,090 shares[91]. - Major shareholder 百能 holds 1,501,078,281 shares, representing 59.250% of the issued share capital[95]. - 富盈投資 holds 1,533,392,076 shares, accounting for 60.525% of the issued share capital[98]. - New Origins holds 1,827,325,295 shares, which is 72.128% of the issued share capital[98]. - 廣堅投資有限公司 holds 171,936,986 shares, representing 6.787% of the issued share capital[102]. - The total issued share capital of the company is 1,859,639,090 shares[104]. Compliance and Governance - The audit committee consists of three independent non-executive directors[107]. - The company confirmed compliance with the trading standards for directors during the financial period[108]. - The company has not established any arrangements for directors or major shareholders to profit from acquiring shares or bonds during the fiscal period[82]. - No significant contracts were established by the directors that have a substantial interest in the group's business during the financial period[110]. - There were no management contracts for the entire or any significant part of the company's business during the financial period[111]. - No directors or controlling shareholders had interests in any business that competes or may have competed with the group's business during the financial period[114]. - The company has not purchased, sold, or redeemed any of its listed securities during the financial period[109]. Other Financial Information - The company incurred a total tax expense of HKD 98,000 for the three months ended June 30, 2022, a decrease from HKD 461,000 in the same period of 2021[55]. - Interest expenses for other loans amounted to HKD 1,336,000 for the three months ended June 30, 2022, down from HKD 1,754,000 in the same period of 2021[54]. - The company reported a cash payment of HKD 20,000,000 transferred to the creditor plan as part of its debt restructuring[52]. - The company’s total liabilities included HKD 72,989,000 in promissory notes as of June 30, 2021[53]. - The company has not disclosed any other interests or holdings by directors or senior executives in the company or its affiliates as of June 30, 2022[93]. - There were no significant contingent liabilities reported as of June 30, 2022[67]. - No new product or technology developments were mentioned in the provided documents[96]. - There are no indications of market expansion or mergers and acquisitions in the provided content[96]. - All stock options granted are immediately vested without any vesting period[82]. - The company has not made any adjustments to the unexercised stock options due to share splits or consolidations during the fiscal period[81].

Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue was approximately HKD 56.6 million, a decrease of about 48.9% compared to HKD 110.7 million in the same period last year[9]. - The company reported a profit attributable to owners of approximately HKD 104.7 million, compared to a loss of approximately HKD 38 million in the previous year, primarily due to a debt restructuring gain of approximately HKD 140.9 million[9]. - The company's operational losses were offset by the debt restructuring gains, indicating a significant turnaround in financial performance[9]. - Revenue from mobile power and data cables was approximately HKD 27.8 million, a decrease of about 51.4% compared to HKD 57.2 million in the previous year[17]. - Revenue from medical control devices was approximately HKD 22 million, a decrease of about 55.1% compared to HKD 49 million in the previous year[23]. - Revenue from household appliance power cords and sockets was approximately HKD 6.8 million, an increase of about 51.1% compared to HKD 4.5 million in the previous year[24]. - The company reported a significant increase in user data, with a year-on-year growth of 15% in active users, reaching 1.5 million users[105]. - The company anticipates a revenue growth of 20% for the upcoming fiscal year, projecting total revenues to reach approximately $600 million[104]. - The company reported a 25% increase in net profit for the last fiscal year, amounting to $120 million[108]. Market and Business Segments - The company's main business segments include power and data cable operations, trading of refined oil and chemicals, and commodity trading[15]. - The revenue contribution from the United States and China was approximately 38.9% and 54.2%, respectively, with the remaining 6.9% coming from other markets[15]. - The company is focused on expanding its market presence in the U.S. and China, which are key revenue contributors[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[102]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the call[125]. Debt and Restructuring - The debt restructuring plan was approved by the required majority of creditors and recognized by the Cayman Islands and Hong Kong courts, resulting in a debt restructuring gain of approximately HKD 140.9 million for the fiscal year[11]. - The company has been under a temporary liquidation process since November 5, 2019, with the aim of restructuring its debts[148]. - The net proceeds from the subscription of new shares amounted to approximately HKD 20 million, fully utilized for creditor repayment as of March 31, 2022[31]. - The net proceeds from the convertible bonds raised approximately HKD 3.1 million, fully utilized for restructuring costs and general operating funds as of March 31, 2022[32]. - The company received court approval for the Cayman scheme on May 21, 2021, and for the Hong Kong scheme on May 26, 2021, indicating successful restructuring efforts[152]. Corporate Governance - The board of directors includes newly appointed executive directors with extensive experience in energy technology investment and engineering projects, indicating a strong leadership team[100]. - The company has been actively involved in various corporate governance roles, with members having extensive experience in finance and management[115]. - The board currently consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring diverse expertise[162]. - The company has established a three-year service agreement for the chairman, effective from August 4, 2021, with automatic renewals[168]. - The board has adopted all provisions of the corporate governance code, with minor deviations noted in sections A.1.8 and A.6.7[157]. Strategic Initiatives - The company is focusing on new product development, particularly in the renewable energy sector, with an investment of $50 million allocated for R&D in the next year[103]. - The company continues to seek opportunities in the clean energy sector[28]. - The company entered a strategic cooperation framework agreement to acquire a 51% stake in Shandong Huanya International Energy Distribution Center, aiming to develop LNG import and trade businesses in China[37]. - A non-binding cooperation framework agreement was established with Shenzhen Electric Power Technology Group to explore investment opportunities in electrochemical energy storage projects[38]. - The company signed a strategic cooperation agreement with Beijing Keri New Energy Technology Development to jointly participate in energy storage project development, including market research and optimizing energy solutions[40]. Shareholding Structure - The company reported a total equity interest of 1,501,078,281 shares, representing 59.25% of the issued share capital as of March 31, 2022[117]. - The company has a significant shareholding by Zhang Yesheng, with 1,881,329,090 shares, accounting for 74.26% of the issued share capital[117]. - The total number of shares held by Baine and Fuying Investment combined is 3,056,180,357, which is 153.63% of the total issued share capital, indicating significant overlapping interests[128]. - The company has a total of 1,998,180,739 shares outstanding, with various shareholders holding significant stakes[128]. Risk Management and Compliance - The company aims to develop a robust risk management and internal control system to protect shareholder interests and ensure compliance with relevant rules and regulations[197]. - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting and internal controls[193]. - The company has implemented a continuous risk management approach to identify and assess key internal risks affecting its objectives[197]. - The company has a policy for handling and disclosing inside information, adhering to guidelines set by the Securities and Futures Commission[200]. Employee and Operational Costs - The total employee cost for the fiscal year was approximately HKD 19,200,000, an increase from HKD 10,900,000 in the previous year[45]. - The company has not recorded any revenue from commodity trading during the fiscal year, consistent with the previous year[27]. - The company has not made any charitable donations during the fiscal year, consistent with the previous year[135]. Legal and Regulatory Matters - The company is currently facing a legal claim for a debt of HKD 23,654,900.30, plus daily interest of HKD 20,726.03, which may lead to liquidation proceedings[145]. - The company has not entered into any related party transactions that require disclosure under GEM listing rules[138]. - The board believes that the number of securities held by the public exceeds the minimum percentage required under GEM listing rules[139].

Financial Performance - The company's unaudited revenue for the nine months ended December 31, 2021, was approximately HKD 46.1 million, a decrease of about 51.4% compared to approximately HKD 94.9 million in the same period last year[9]. - The unaudited profit attributable to owners of the company was approximately HKD 120.8 million, compared to a loss of approximately HKD 9.9 million in the same period last year, primarily due to a debt restructuring gain of approximately HKD 140.9 million[9]. - Revenue for the three months ended December 31, 2021, was HKD 15,651,000, a decrease from HKD 34,161,000 in the same period of 2020, representing a decline of 54.3%[65]. - Gross profit for the nine months ended December 31, 2021, was HKD 14,982,000, compared to HKD 76,877,000 for the same period in 2020, indicating a decrease of 80.5%[1]. - The company reported a loss attributable to owners of the company of HKD 8,955,000 for the three months ended December 31, 2021, compared to a loss of HKD 2,070,000 in the same period of 2020[57]. - The total revenue for the nine months ended December 31, 2021, was HKD 46,057,000, a decrease from HKD 94,928,000 in the same period of 2020, reflecting a decline of 51.5%[65]. Revenue Breakdown - The group’s revenue contribution from the US and China was approximately 37.46% and 55.24%, respectively, compared to 14.9% and 53.1% in the previous year[12]. - Revenue from mobile power and data cables decreased by 51.9% to approximately HKD 23.9 million, down from approximately HKD 49.7 million in the previous year[17]. - The unaudited revenue from medical control devices for the fiscal period was approximately HKD 17,300,000, a decrease of about 58.3% compared to HKD 41,500,000 in 2020[23]. - The unaudited revenue from household appliance power cords and sockets was approximately HKD 4,900,000, an increase of about 32.4% compared to HKD 3,700,000 in 2020[27]. - The company recorded no unaudited revenue from commodity trading during the fiscal period, consistent with the previous year[29]. Debt Restructuring - The debt restructuring plan was approved by the required majority of creditors on April 9, 2021, and became effective on May 21, 2021[11]. - Cash payment of HKD 20 million was to be transferred to the creditor plan, subject to the outcome of the ruling[11]. - The company recognized a debt restructuring gain of approximately HKD 140,906,000 during the financial period, compared to no gain in the previous year[69]. Share Issuance and Equity - The company successfully issued a total of 1,900,099,090 new shares at a subscription price of HKD 0.01941712 per share[36]. - The total principal amount of the convertible bonds issued was HKD 3,105,556.91, with specific allocations to different subscribers[37]. - The company holds a total of 1,998,180,739 shares, with 1,501,078,281 shares representing 59.25% of the equity under the derivative instruments[106]. - Major shareholders include Mr. Sun Jiusheng with 33.40%, Ms. Zhou Jing with 29.68%, Mr. Zhang Chao with 26.31%, and Mr. Liang Yongchang with 10.61%[120]. Corporate Governance - The Audit Committee was established on April 27, 2011, and consists of three independent non-executive directors[122]. - The company has no reported conflicts of interest among its directors and major shareholders during the financial period[124]. - The company has no interests in any business that directly or indirectly competes with its operations during the financial period[124]. Strategic Initiatives - The company is pursuing opportunities to increase revenue and profits from existing products while attempting to introduce new products to expand its business[45]. - The company entered into a non-binding strategic cooperation framework agreement to acquire 51% of Shandong Huanya's equity, which includes rights to manage and operate an LNG receiving station and long-distance pipeline[49]. - A non-binding cooperation framework agreement was established with Shenzhen Electric Power Technology Group for potential investment in electrochemical energy storage projects[49]. - The company aims to leverage its experience and solidify its position in the energy sector through investments or acquisitions of companies engaged in energy business[53]. Taxation and Financial Obligations - The total income tax expense for the nine months ended December 31, 2021, was HKD 1,579,000, compared to HKD 2,284,000 in the previous year[74]. - The company’s Chinese subsidiaries are subject to a corporate income tax rate of 25% for the current fiscal period[77]. Stock Option Plan - The company adopted a stock option plan on September 29, 2021, aimed at attracting and retaining talent, providing additional incentives to employees, directors, consultants, and advisors[100]. - The 2021 stock option plan is effective for ten years unless canceled or amended, in compliance with GEM listing rules[100]. - The stock options granted on April 16, 2019, include 4,100,000 shares at HKD 0.36, with 300,000 shares unexercised[96].

Financial Performance - The company's unaudited revenue for the six months ended September 30, 2021, was approximately HKD 30.4 million, a decrease of about 50% compared to approximately HKD 60.8 million in the same period last year[29]. - The company reported an unaudited profit attributable to owners of approximately HKD 129.8 million, compared to a loss of approximately HKD 7.8 million in the same period last year, primarily due to a debt restructuring gain of approximately HKD 140.9 million[29]. - The company reported a consolidated profit of HKD 130,252,000 for the period, compared to a loss of HKD 5,354,000 in the same period of 2020[116]. - Basic earnings per share for the six months ended September 30, 2021, was approximately HKD 129,789,000, compared to a loss of HKD 7,807,000 in the same period of 2020[141]. - The group reported a loss of HKD 2,333,000 for the three months ended September 30, 2021, compared to a loss of HKD 4,629,000 in the same period of the previous year[84]. Revenue Breakdown - The company’s revenue contributions from the US and China were approximately 36.0% and 58.0%, respectively, for the interim period, compared to 16.3% and 51.9% in the previous year[32]. - The remaining revenue of approximately 6.0% came from other markets, including Taiwan and Hong Kong, down from 31.8% in the previous year[32]. - The unaudited revenue from mobile power and data cables decreased by 44.7% to approximately HKD 17,200,000, down from HKD 31,100,000 in 2020[36]. - The unaudited revenue from medical control devices was approximately HKD 10,800,000, a decrease of about 60.0% from HKD 27,000,000 in 2020[42]. - Revenue from external customers for the power and data cable segment was HKD 30,406,000 for the six months ended September 30, 2021, a decrease of 50% compared to HKD 60,767,000 for the same period in 2020[116]. Debt and Restructuring - The debt restructuring plan was approved by the required majority of creditors on April 9, 2021, and became effective following court approvals in both the Cayman Islands and Hong Kong[32]. - The company recognized a debt restructuring gain of approximately HKD 140,906,000 during the financial period, compared to no gain in the previous year[125]. - The total principal amount of the convertible bonds issued was HKD 3,105,556.91, with specific allocations to different subscribers[52]. - The net proceeds from the subscription of convertible bonds were approximately HKD 3,100,000, fully utilized for restructuring costs as of September 30, 2021[54]. - The group’s total liabilities decreased significantly from HKD 99,790,000 as of March 31, 2021, to HKD 38,321,000 as of September 30, 2021, a reduction of 61.6%[152]. Share Issuance and Capital - The company successfully completed the issuance of 1,900,099,090 new shares at a subscription price of HKD 0.01941712 per share[51]. - The net proceeds from the subscription of new shares amounted to approximately HKD 20,000,000, fully utilized for creditor repayment as of September 30, 2021[53]. - The company's authorized share capital has been increased to HKD 40,000,000, divided into 10,000,000,000 shares[199]. - A total of 1,900,099,090 subscription shares were issued to subscribers on June 25, 2021, according to the terms of the subscription agreement[199]. - On June 25, 2021, the company issued 253,346,545 creditor shares to the plan administrator or relevant nominees for distribution to creditors, subject to the outcome of the plan[199]. Employee and Operational Metrics - As of September 30, 2021, the group employed 101 full-time employees, a decrease from 115 as of March 31, 2021[72]. - Total employee costs for the interim period were approximately HKD 6,200,000, compared to HKD 5,400,000 in the previous year[72]. - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 1,007,000, a decrease of 93% compared to HKD 14,576,000 for the same period in 2020[104]. - The company incurred a total of HKD 4,781,000 in purchases of property, plant, and equipment during the reporting period[104]. - The group did not engage in any significant investments or disposals during the interim period[76]. Strategic Initiatives - The company continues to seek opportunities in the clean energy sector, having signed a legally binding consulting contract with a natural gas company, estimated to generate revenue and gross profit of approximately HKD 2,200,000 each[47]. - The company has entered into a non-binding strategic cooperation framework agreement to acquire 51% of Shandong Huanya, focusing on LNG import and trade business[67]. - A non-binding cooperation framework agreement was established with Shenzhen Power Energy Technology Group for potential investment in electrochemical energy storage projects[67]. - The company plans to invest in or acquire companies engaged in energy business to strengthen its position and achieve sustainable growth[67]. - The company is focused on clean energy, technological innovation, and improving people's livelihoods as part of its corporate mission[65]. Financial Position - The group's total debt as of September 30, 2021, was approximately HKD 17,100,000, down from HKD 143,600,000 as of March 31, 2021[72]. - The asset-to-liability ratio was approximately 26.2% as of September 30, 2021, significantly improved from 757.8% as of March 31, 2021[72]. - The total equity attributable to owners of the company was HKD 38,017,000 as of September 30, 2021, compared to a negative equity of HKD 133,928,000 as of March 31, 2021, reflecting a significant recovery[96]. - The group’s cash and cash equivalents were reported at HKD 62,140,000 as of September 30, 2021[156]. - The group’s total equity increased to HKD 10,134,000,000 as of September 30, 2021, from HKD 8,000,000,000 as of March 31, 2021, reflecting a growth of 26.4%[198].

Financial Performance - The unaudited revenue for the three months ended June 30, 2021, was approximately HKD 14.6 million, a decrease of about 55% compared to approximately HKD 32.5 million in the same period last year[9]. - The unaudited profit attributable to owners of the company was approximately HKD 131.6 million, compared to a loss of approximately HKD 2.4 million in the same period last year, primarily due to a debt restructuring gain of approximately HKD 140.9 million[9]. - The revenue contribution from the United States and China was approximately 35% and 59%, respectively, compared to 21% and 45% in the previous year[12]. - Revenue from mobile power and data cables decreased by 45% to approximately HKD 8.1 million, down from approximately HKD 14.7 million in the previous year[17]. - The unaudited revenue from medical control devices for the fiscal period was approximately HKD 5,200,000, a year-on-year increase of about 67% compared to HKD 15,900,000 in 2020[23]. - The unaudited revenue from household appliance power cords and sockets was approximately HKD 1,300,000, a year-on-year decrease of about 35% from HKD 2,000,000 in 2020, attributed to intense competition in this segment[28]. - The gross profit for the first quarter was HKD 4,711,000, down 29.0% from HKD 6,632,000 year-on-year[51]. - The company recorded a net profit of HKD 132,585,000 for the period, compared to a loss of HKD 725,000 in the previous year[54]. - The operating loss for the quarter was HKD 8,311,000, a significant decline from an operating profit of HKD 3,286,000 in the same quarter of 2020[51]. - Basic earnings per share for the quarter were HKD 26.5, compared to a loss per share of HKD 0.6 in the previous year[55]. Debt Restructuring - The debt restructuring plan was approved by the required majority of creditors on April 9, 2021, and became effective on May 21, 2021[11]. - A cash payment of HKD 20 million was transferred to the creditor plan on June 25, 2021, for distribution to creditors[11]. - The company achieved a debt restructuring gain of HKD 140,906,000 during the quarter, contributing to the overall profit[51]. - The company recognized a debt restructuring gain of approximately HKD 140,906,000 during the fiscal period, compared to none in the previous year[70]. Dividends and Shareholder Information - The company did not recommend the payment of dividends for the current financial period[9]. - The company did not declare or pay any dividends during the fiscal period, consistent with 2020[97]. - The company reported a total of 1,501,078,281 shares held by major shareholders, representing 59.25% of the issued share capital[123]. - An additional 399,020,809 shares, accounting for 15.75% of the issued share capital, are held by other parties in joint ownership[123]. - The company has a total of 326,247,014 shares held by significant stakeholders, which constitutes 12.88% of the issued share capital[126]. - The total number of shares under derivative instruments is 96,331,929, representing 3.80% of the issued share capital[123]. - The company has reported a 0.83% stake in related shares held under derivative instruments, totaling 20,936,952 shares[126]. - The company’s board members hold a total of 9,500,000 shares, which is approximately 0.36% of the issued share capital[115]. - The company’s performance metrics indicate a strong shareholder base with significant ownership concentration among major stakeholders[123]. Business Operations and Future Outlook - The company continues to engage in the assembly and sale of medical control devices primarily for hospital ward patients[16]. - The company has over 450 types of household appliance power cords and sockets available for sale[16]. - The company plans to continue seeking business opportunities to increase revenue and profit from existing products while introducing new products for expansion[44]. - The company aims to leverage technological innovation to accelerate the transition to clean energy and improve energy efficiency in line with China's carbon neutrality goals[44]. - The company will focus on developing its clean energy industry chain and integrating high-quality project resources domestically and internationally[44]. - The company has a future outlook that includes potential market expansion and new product development strategies[129]. - The company is actively pursuing new technologies and product innovations to enhance its market position[129]. - The company has indicated plans for strategic acquisitions to bolster its growth trajectory[129]. Compliance and Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee the financial performance during the fiscal period[133]. - The company reported that no directors or controlling shareholders have interests in any business that competes with the group during the financial period[141]. - The company has confirmed compliance with trading standards for directors during the financial period[134]. - The company has no knowledge of any person holding interests in its shares that require disclosure under the Securities and Futures Ordinance as of June 30, 2021[132]. - The company has not entered into any management contracts for significant portions of its business during the financial period[137]. Stock Options - The stock option plan was adopted on April 27, 2011, and is valid for ten years, expiring on April 26, 2021, with 38,950,550 options granted but not yet exercised as of the report date[106]. - The eligible participants of the stock option plan include executive and non-executive directors, employees, consultants, and any other individuals deemed to contribute to the group[106]. - The company may adopt a new stock option plan subject to shareholder approval after the current plan expires[106]. - The stock options granted on April 16, 2019, have an exercise price of HKD 0.36 and are valid until April 15, 2022, with a total of 11,000,000 options granted[109]. - The company has no other existing stock option plans apart from the one mentioned[106]. - The stock options granted in previous years have been adjusted due to share splits and consolidations effective on March 25, 2014, September 30, 2016, and November 29, 2018[110]. - The company’s stock option plan aims to attract, retain, and motivate high-quality participants for future development and expansion[106]. - The plan encourages participants to strive for the group's goals and share in the results achieved through their efforts and contributions[106].