Ownership Structure - The company holds a total of 1,859,639,090 shares, with significant ownership stakes including 33.40% by Hengsheng Holdings, 29.68% by Meilin Holdings, and 18.57% by Zhongrui Holdings[2] - The company has a significant concentration of ownership, with Liang Yongchang holding 55.71% and Sun Jiusheng also holding 55.71% of the shares[9] - The company holds 1,501,078,281 shares, representing 55.710% of the total issued share capital[14] - Another significant shareholder holds 358,560,809 shares, accounting for 13.307% of the total issued share capital[14] - The company has a significant number of shares held by controlled corporations and individuals, indicating concentrated ownership[17] - The total number of shares held by the public is believed to be above the minimum percentage specified by GEM listing rules[19] - The company has a public float that exceeds the minimum percentage required under GEM listing rules[19] Customer and Supplier Concentration - The largest supplier accounts for 25% of total procurement, while the top five suppliers together account for 59%[6] - The largest customer represents 30% of total sales, with the top five customers accounting for 63%[6] Financial Performance - The company reported a loss attributable to owners of approximately HKD 20 million, a decrease of 34.0% compared to the previous year's loss of about HKD 30.7 million[49] - Administrative expenses decreased by approximately HKD 12 million due to fewer company activities and a reduction in average employee salaries[49] - The company experienced a one-time compensation for defective goods of about HKD 3.9 million, leading to a decrease in other income of approximately HKD 5 million[49] - Revenue from the sale of subsidiaries increased by approximately HKD 8 million, with no such income reported in the same period last year[49] - The company faced increased competition affecting product pricing, resulting in a decrease in gross profit of about HKD 4 million[49] - Outsourcing expenses increased, leading to a rise in selling expenses of approximately HKD 5 million[49] - The group's revenue for the fiscal year ending March 31, 2024, was approximately HKD 595.2 million, a slight decrease of about 1.3% compared to approximately HKD 603.1 million in the previous year[69] - The group's revenue from natural gas sales for the fiscal year was approximately HKD 558.2 million, which is comparable to last year's revenue of HKD 562 million[99] - Revenue from power and data cables decreased by approximately 10.3% to about HKD 37 million, down from HKD 41.2 million in the previous year, due to intensified competition and the increasing popularity of multifunctional cables[100] Strategic Initiatives - The company has no new product or technology developments reported in the current fiscal year[4] - There are no reported plans for market expansion or acquisitions in the upcoming fiscal year[4] - No new strategies have been disclosed for the upcoming fiscal year[4] - The group plans to continue seeking further development opportunities in the energy sector through investments or acquisitions of companies engaged in energy business[57] - The company aims to focus on clean energy development and leverage cutting-edge technology to enhance its core competitiveness in energy new materials, energy-saving, and digital technology[101] - The group is focused on clean energy transformation and improving energy efficiency in line with China's carbon peak and carbon neutrality goals by 2030 and 2060, respectively[55] - The company is actively advancing its clean energy trading business, focusing on matching supply and demand for natural gas, with a primary emphasis on pipeline and liquefied natural gas (LNG) trading[171] - A strategic cooperation agreement was signed with Vietnam CNG for LNG container trade, providing LNG and market development support from November 1, 2023, to March 31, 2027[172] Governance and Compliance - The company has not disclosed any related party transactions that require disclosure under GEM listing rules[7] - The company is committed to compliance with GEM listing rules regarding related party transactions, ensuring transparency and fairness[136] - The board of directors has reviewed compliance with corporate governance codes and the effectiveness of risk management and internal control systems during the fiscal year[184] - The board of directors includes experienced individuals with backgrounds in energy technology investment and international energy operations[138][140] Employee and Compensation - The management's compensation policy is based on employee performance, qualifications, and market data[22] - The total employee costs for the fiscal year included director remuneration and amounted to approximately HKD 24.9 million, an increase from approximately HKD 23.4 million in the previous year[77] - The group employed a total of 149 full-time employees as of March 31, 2024, compared to 139 in the previous year, with total employee costs amounting to approximately HKD 24.9 million[77] - The board of directors has reviewed the compensation for the fiscal year based on the company's performance and market comparisons[22] - The company has established a long-term incentive plan for certain directors, including stock options[22] - The company has adopted a share option scheme to attract and retain talent, with a maximum number of shares to be issued under the scheme not exceeding 10% of the total issued shares[120][121] Dividends and Reserves - The board does not recommend the payment of dividends for the current fiscal year[196] - The board will consider various factors, including operational and financial conditions, when deciding on future dividend payments[112] - The company has not established a predetermined dividend payout ratio, allowing the board to declare dividends at its discretion[175] - The company has no distributable reserves as of March 31, 2024, similar to the previous year[90] Debt and Financial Position - The group's debt-to-asset ratio was approximately 50.7% as of March 31, 2024, compared to 7.5% in the previous year[79] - As of March 31, 2024, the group's total debt is approximately HKD 66.6 million, an increase from approximately HKD 60 million in 2023[198] - The group's bank and cash balance as of March 31, 2024, is approximately HKD 17 million, down from approximately HKD 47.9 million in 2023[198] - As of March 31, 2024, the group has no significant contingent liabilities, consistent with 2023[199] Related Party Transactions - The company has established a framework for ongoing related party transactions, requiring independent shareholder approval due to the percentage exceeding 5%[133] - The independent non-executive directors confirmed that the terms of the natural gas purchase and sales cooperation framework agreement are fair and reasonable for independent shareholders[136] - The natural gas purchase and sales cooperation framework agreement was conditionally signed on October 19, 2023, and will be effective from December 21, 2023, for a period of three years[156] - No transactions have occurred under the natural gas purchase and sales cooperation framework agreement from December 21, 2023, to March 31, 2024, and the annual cap has not been exceeded[158] - The company has not entered into any arrangements that would allow directors or major shareholders to profit from acquiring shares or bonds of the company or any other entity during the fiscal year[150] - The company has not granted any stock options under the 2021 stock option plan during the fiscal year[146] Risk Management - The company has minimal foreign currency risk as most transactions are conducted in its functional currency, primarily facing risks from RMB and USD fluctuations[173] - The company is committed to monitoring foreign exchange risks and will consider hedging strategies if such risks arise[173] - The board of directors is responsible for evaluating new business and investment opportunities to promote revenue growth[182]

Financial Performance - The company's unaudited revenue for the six months ended September 30, 2023, was approximately HKD 229.4 million, an increase of about 53.4% compared to approximately HKD 149.5 million in the same period last year[9]. - Revenue from natural gas sales increased by approximately 66.2% to about HKD 209.9 million, up from approximately HKD 126.3 million in the previous year, driven by the expansion of the refined oil and chemical products business[14]. - Revenue from the power and data cable business decreased by approximately 15.9% to about HKD 19.5 million, down from approximately HKD 23.2 million, due to intensified competition and the growing popularity of multifunctional cables and wireless connections[15]. - For the six months ended September 30, 2023, the company's revenue was approximately HKD 229,367,000, an increase of 53.4% compared to HKD 149,528,000 for the same period in 2022[29]. - The total revenue for the six months ended September 30, 2023, was HKD 229,367,000, representing a 53.4% increase from HKD 149,528,000 in the same period of 2022[45]. Loss and Profitability - The unaudited loss attributable to the owners of the company increased from approximately HKD 10.8 million to approximately HKD 13.9 million, primarily due to a decrease in gross profit[9]. - The gross profit for the six months ended September 30, 2023, was HKD 3,056,000, a decrease of 65.3% from HKD 8,790,000 in the previous year[29]. - The operating loss for the six months ended September 30, 2023, was HKD 10,680,000, compared to a loss of HKD 5,929,000 for the same period in 2022, indicating a worsening performance[29]. - For the six months ended September 30, 2023, the company reported a loss attributable to owners of HKD 13,928,000, compared to a loss of HKD 10,804,000 for the same period in 2022, representing a 29.5% increase in losses[30]. - The total comprehensive loss attributable to owners for the six months ended September 30, 2023, was HKD 13,402,000, compared to HKD 11,225,000 in 2022, indicating a 19.4% increase[30]. - The total segment loss for the six months ended September 30, 2023, was HKD 7,996,000, compared to a profit of HKD 219,000 in the same period of 2022[44]. - The company reported a consolidated loss of HKD 14,108,000 for the six months ended September 30, 2023, compared to a loss of HKD 9,383,000 in the same period of 2022[44]. Cash Flow and Financial Position - The company's cash and bank balances were approximately HKD 24,200,000 as of September 30, 2023, a decrease of 49.5% from HKD 47,900,000 as of March 31, 2023[21]. - The net cash used in operating activities for the six months ended September 30, 2023, was HKD 15,893,000, compared to a net cash inflow of HKD 9,882,000 in 2022, indicating a significant shift in cash flow[37]. - The company reported a net cash outflow from financing activities of HKD 4,897,000 for the six months ended September 30, 2023, compared to a net cash inflow of HKD 12,125,000 in 2022, showing a reversal in financing cash flow[37]. - The company's total liabilities amounted to approximately HKD 53,300,000, down from HKD 60,000,000 as of March 31, 2023[21]. - The company's current liabilities totaled HKD 85,396,000 as of September 30, 2023, down from HKD 107,415,000 as of March 31, 2023, a decrease of 20.5%[32]. - The company's total assets as of September 30, 2023, were HKD 86,902,000, a decrease from HKD 113,169,000 as of September 30, 2022[43]. - The company's total equity attributable to owners decreased to HKD (7,196,000) as of September 30, 2023, from HKD 6,101,000 as of March 31, 2023, indicating a significant decline in equity[33]. Shareholder Information - As of September 30, 2023, the major shareholder, Mr. Liang Yongchang, holds 1,501,078,281 shares, accounting for 55.71% of the issued share capital[74]. - Mr. Zhang Yesheng directly holds 161,000,000 shares, representing 5.975% of the issued share capital[74]. - The company has not entered into any arrangements during the interim period that would allow directors or major shareholders to profit from acquiring shares or bonds of the company[73]. - The company has not granted any share options to directors or major shareholders during the interim period[69]. - The total number of shares that can be issued under the 2021 plan is capped at 253,346,545 shares, representing 9.4% of the total issued shares[70]. Corporate Governance - The company’s governance practices are aligned with the GEM Listing Rules, ensuring compliance with corporate governance codes[66]. - The company has established an audit committee to review the unaudited consolidated results for the interim period[84]. - All directors confirmed compliance with the trading standards during the interim period[85]. - The company has no direct or indirect competition or conflicts of interest with its directors, controlling shareholders, or their close associates during the reporting period[90].

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) 截至二零二三年九月三十日止六個月之 中期業績公告 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九月三十日止六個月之未經審核綜合中期業績。本公告 載有截至二零二三年九月三十日止六個月之本公司中期報告(「中期報告」)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 中 期 業 績初步公告之相關要求。載有GEM上市規則所要求資料的中期報告之印刷版本將 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 ...

Financial Performance - The group's unaudited revenue from power and data decreased by approximately 20.5% to about HKD 10,100,000, compared to HKD 12,700,000 in 2022[7] - The unaudited loss attributable to the owners of the company increased from approximately HKD 6,000,000 in the same period last year to about HKD 8,300,000, primarily due to a decrease in gross profit[15] - The total comprehensive expenses for the period amounted to HKD 7,388,000, compared to HKD 5,486,000 in the previous year[22] - The basic loss per share for the period was HKD 0.3, compared to HKD 0.2 in the previous year[23] - The unaudited total comprehensive income attributable to the owners of the company was HKD (6,993,000), compared to HKD (6,179,000) in the previous year[23] - The basic loss per share for the period was approximately HKD 8,308,000, compared to HKD 6,042,000 in the previous year, reflecting a worsening of 37.5%[53] - The company reported a total interest expense of HKD 1,686,000 for the period, an increase from HKD 1,489,000 in the previous year[34] - The financing costs for the three months ended June 30, 2023, were HKD 1,686,000, compared to HKD 1,489,000 in the previous year[191] Revenue Contributions - The group's unaudited revenue contributions from the US and China were approximately 8.2% (2022: 18.7%) and 91.2% (2022: 76.9%) respectively, with the remaining 0.6% (2022: 4.4%) from other markets[16] - Total revenue for the three months ended June 30, 2023, was HKD 71,091,000, compared to HKD 27,609,000 in the same period of 2022, reflecting an increase of 157%[45] - Revenue from power and data cables, sockets, and medical control devices was HKD 10,115,000, down from HKD 12,679,000 year-on-year, indicating a decrease of 20.2%[45] - Sales of refined petroleum and chemical products reached HKD 60,976,000 for the three months ended June 30, 2023, compared to HKD 14,930,000 in the same period of 2022, representing a significant increase of 308%[45] - Revenue from the sale of natural gas increased by approximately 309.4% to about HKD 61 million during the fiscal period[167] - The increase in revenue was primarily due to the growth in liquefied natural gas (LNG) trading and pipeline natural gas trading businesses[165] - The company reported a revenue of HKD 71,091,000 for the three months ended June 30, 2023, compared to HKD 70,631,000 in the same period last year, indicating a slight increase[191] Strategic Initiatives - The group entered into a non-binding strategic cooperation agreement with Vietnam CNG to develop a liquefied natural gas supply chain in Vietnam, effective from November 1, 2023, to March 31, 2027[19] - The group is actively pursuing opportunities in the clean energy industry chain, aligning with national carbon neutrality and peak carbon emissions initiatives[17] - The group plans to invest in or acquire companies currently engaged in energy business or to bid for energy projects[19] - The company plans to establish a joint venture in Hainan Province with a registered capital of RMB 5,000,000 (approximately HKD 5,400,000) to develop liquefied natural gas trading business[171] - The company aims to enhance its clean energy trading business by actively connecting upstream natural gas suppliers and developing downstream customer markets[183] - The company is exploring and promoting the industrialization of energy technology to establish its core competitiveness in the clean energy sector[187] Shareholder Information - The company’s major shareholder, Mr. Liang, holds a 55.71% stake, while Mr. Zhang's total beneficial interest, including spouse's holdings, amounts to 69.017%[112] - Major shareholder 百能 (Baineng) owns 1,501,078,281 shares, accounting for 55.710% of the total issued share capital[134] - The company holds a total of 1,859,639,090 shares, with 358,560,809 shares held by other concert parties, representing approximately 19.25% of the total shares[134] - The company’s major shareholders include 富盈投资 (Fuying Investment) with 326,247,014 shares, representing 12.108% of the total issued share capital[138] - The company’s total issued share capital is approximately 2,694,000,000 shares, with various shareholders holding significant percentages[138] Corporate Governance - No dividends were declared during the period, consistent with the previous year[80] - The company did not recommend the payment of dividends for the financial period[180] - The company has not granted any share options under the 2021 plan during the financial year, indicating a focus on retaining talent without additional equity dilution[106] - The company has a stock option plan effective for ten years from September 29, 2021, with a maximum issuance limit of 253,346,545 shares, which is 10% of the shares issued on the listing date[127] - As of the report date, the total number of shares that can be issued under the 2021 plan is 253,346,545, representing 9.4% of the total issued shares[127] Market Outlook - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the conference call[120] - The company’s future outlook remains positive, with ongoing assessments of market trends and potential acquisitions[120] - The company is focusing on clean energy, technological innovation, and improving people's livelihoods as part of its corporate mission[187] - The company reported a total of 10,778 shares as of June 30, 2023, with a significant increase in user data compared to previous periods[124] - The company has no significant contingent liabilities as of June 30, 2023[124]

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].