Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 501,609,000, a significant increase from HKD 161,565,000 in the same period of 2023, representing a growth of 209%[4] - The gross profit for the same period was HKD 73,480,000, compared to HKD 8,338,000 in 2023, indicating a substantial improvement in profitability[4] - The operating profit for the six months was HKD 14,739,000, a turnaround from an operating loss of HKD 15,110,000 in the previous year[4] - The company recorded a pre-tax profit of HKD 1,951,000, compared to a pre-tax loss of HKD 18,875,000 in the same period last year[4] - The net profit attributable to the owners of the company was HKD (83,000), a significant recovery from a loss of HKD 16,654,000 in 2023[4] - The company reported a total comprehensive loss of HKD 383,000 for the period, a notable improvement from a loss of HKD 20,666,000 in the previous year[5] - The group reported a loss of HKD 83,000 for the six months ended June 30, 2024, compared to a loss of HKD 16,654,000 for the same period in 2023[31] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 274,028,000, up from HKD 203,132,000 at the end of 2023, reflecting a growth of 35%[6] - Non-current assets increased to HKD 343,729,000 from HKD 323,015,000, showing a growth of 6%[6] - As of June 30, 2024, the net current liabilities amounted to HKD 227,322,000, an increase from HKD 202,007,000 as of December 31, 2023[7] - The total assets less current liabilities were HKD 116,407,000 as of June 30, 2024, a decrease from HKD 121,008,000 as of December 31, 2023[7] - The company’s accumulated losses reached HKD 1,456,860,000 as of June 30, 2024, compared to HKD 1,441,725,000 as of June 30, 2023[8] - The company’s total liabilities included other financial liabilities of HKD 30,337,000 as of June 30, 2024, unchanged from December 31, 2023[7] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 91,436,000, significantly higher than HKD 18,670,000 for the same period in 2023[9] - The total cash and cash equivalents at the end of June 30, 2024, reached HKD 50,552,000, compared to HKD 6,398,000 at the end of June 30, 2023[9] - The cash used in investing activities for the six months ended June 30, 2024, was HKD 36,229,000, compared to HKD 15,781,000 for the same period in 2023[9] Revenue Breakdown - Revenue from coal production and sales amounted to HKD 444,832,000, while supply chain management services for the mining industry generated HKD 40,327,000, down from HKD 141,783,000 in the previous year[18] - The mining logistics services generated HKD 2,157,000, a decrease from HKD 6,740,000 in the prior year, indicating a decline in this service line[18] - Total external customer revenue from the coal mining segment was HKD 497,625,000, while the consulting and media services segment contributed HKD 3,984,000[22] Operational Challenges - The coal market remains under pressure due to oversupply and declining prices, with the company facing challenges in its coal mining operations in Xinjiang[51] - The company will continue to monitor policy changes related to coal resource taxes, which increased from 6% to 9% on July 1, 2024, impacting profitability in coal mining[51] - The group is actively negotiating with creditors to improve liquidity, although the timeline for resolving audit issues remains uncertain[106] Employee and Administrative Costs - Employee costs for the group totaled HKD 12,920,000, reflecting the operational expenses associated with the workforce[22] - Administrative and other operating expenses totaled approximately HKD 51.4 million, an increase of about 91.8% compared to HKD 26.8 million in the same period of 2023, reflecting increased operational activities[86] Shareholder Information - As of June 30, 2024, the largest shareholder, Mr. Chan, holds 167,263,298 shares, representing 28.67% of the company[111] - Major shareholders include Chen Libei and Yang Baoyi, each holding 167,263,298 shares, representing 28.67% of the total issued shares[115] - Zhang Xiongfeng and Wu Mingqin each hold 81,950,000 shares, accounting for 14.05% of the total issued shares[116] Corporate Governance - The company has established an Audit Committee consisting of three independent non-executive directors, with the main responsibility of reviewing and supervising the financial reporting process, risk management, and internal control systems[147] - The company has complied with the GEM Listing Rules Corporate Governance Code, except for the requirement of board diversity, as the board currently consists of only one gender[148] - The board has conducted an annual review of the effectiveness of the group's risk management and internal control systems, deeming them effective and appropriate[151]

Financial Performance - The group's revenue for 2023 reached HKD 298.941 million, an increase of HKD 33 million compared to HKD 266.685 million in 2022, representing a growth of approximately 12.4%[7] - Gross profit rose from HKD 11 million in 2022 to HKD 79 million in 2023, marking an increase of HKD 68 million[10] - The group reported a loss before tax of HKD 31.731 million for 2023, compared to a loss of HKD 23.410 million in 2022[7] - The company’s revenue for the year ended December 31, 2023, was approximately HKD 298.9 million, an increase of 12.1% compared to HKD 266.7 million in the same period last year[62] - Gross profit increased by approximately 614.4% to about HKD 79.3 million, with a gross margin rising from approximately 4% to about 27% due to higher margins from coal production and sales[62] - Administrative and other operating expenses were approximately HKD 90.8 million, up from HKD 62.7 million in the previous year, reflecting increased operational activities related to new coal production and sales[62] - The group recorded a loss of approximately HKD 28 million for the year, compared to a loss of approximately HKD 19.9 million in the previous year[63] Assets and Liabilities - Total assets decreased to HKD 526.147 million in 2023 from HKD 531.731 million in 2022, a decline of approximately 1%[8] - Total liabilities increased to HKD 557.325 million in 2023 from HKD 532.572 million in 2022, an increase of approximately 4.6%[8] - The company's equity attributable to owners showed a significant decline, with a loss of HKD 50.616 million in 2023 compared to a loss of HKD 16.968 million in 2022[8] - The net current liabilities of the group were approximately HKD 202 million, indicating ongoing concerns regarding the group's ability to continue as a going concern[69] Economic Environment - Xinjiang's economy, where the group operates, grew by 6.8% in 2023, with exports to Central Asia increasing by 23.2%[11] - The outlook for 2024 remains cautious, with expectations for stable growth amid ongoing economic challenges in China[10] - In 2023, Hong Kong's economic growth was 3.2%, below expectations, impacting the company's revenue and profit negatively[16] - The International Monetary Fund forecasts China's GDP growth to slow from approximately 5% in 2023 to 4.6% in 2024, prompting the company to enhance operational efficiency[21] Operational Challenges - The group faced challenges due to overdue payments from the Xinjiang government to private enterprises, impacting operational efficiency[12] - The company emphasized the need for improved business conditions and trust from the government to enhance operational efficiency and tax revenue[12] - The company has experienced significant challenges in its operations in Xinjiang and Shandong over the past few years but remains committed to leveraging its experience in the market[19] Strategic Initiatives - The company anticipates a tightening financial environment in 2024, with a focus on reducing financing costs and achieving profitability[17] - The company has implemented cost control measures and improved gross margins to lay a solid foundation for future growth[20] - The company plans to enhance its coal sales business and expand its customer base to improve operating income and cash flow[50] Investments and Acquisitions - The company acquired 9,800,000 shares of Yijia Yipin (Hong Kong) Holdings Limited for approximately HKD 14 million, representing 2.82% of the total issued shares[84] - The company purchased 13,215,000 shares of Tianchen Holdings Limited for approximately HKD 6.2 million, representing 1.07% of the total issued shares[92] - The acquisition of Tianchen shares is viewed as a strategic investment opportunity, with the company optimistic about Tianchen's future development[96] Shareholder and Governance - As of December 31, 2023, the largest shareholder, Mr. Chen Libo, holds 167,263,298 shares, representing 28.67% of the total issued shares[181] - The board consists of three executive directors and three independent non-executive directors, with specific terms for re-election at the annual general meeting[173] - Independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring compliance with governance standards[175] Market and Industry Trends - The coal trade project with Xingliang Mining generated sales revenue of approximately HKD 126.94 million in 2023, expanding the company's trading reach[31] - Xinjiang's coal production reached a historical high of 49.24 million tons in December 2023, reflecting a year-on-year increase of 19%[33] - The price of thermal coal in the Bohai Rim region increased from CNY 908 per ton at the beginning of February 2024 to CNY 939 per ton by February 22, 2024, driven by tight supply and rising demand[24] Human Resources - The company is facing a talent shortage in Hong Kong, with 74% of surveyed businesses reporting difficulties in finding skilled labor[20] - The total employee cost for the year is approximately HKD 23.2 million, a decrease from HKD 24.6 million in 2022[74] - The company employed 115 staff members as of December 31, 2023, compared to 108 in 2022[73] Corporate Governance and Compliance - The company has complied with relevant laws and regulations that significantly impact its operations[128] - The company has not made any charitable or other donations during the fiscal year, remaining at zero HKD, consistent with the previous year[131] - The company has not repurchased any of its listed securities during the fiscal year ending December 31, 2023[142]

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 298,941,000, representing an increase of 12.1% compared to HKD 266,685,000 in 2022[4] - Gross profit for the year was HKD 79,304,000, significantly up from HKD 11,126,000 in the previous year, indicating a gross margin improvement[4] - The company reported a net loss of HKD 27,981,000 for 2023, compared to a net loss of HKD 19,884,000 in 2022, reflecting a worsening financial position[4] - Basic loss per share increased to HKD 5.51 from HKD 2.64 in the previous year, indicating a decline in shareholder value[4] - The company reported a net loss of HKD 31,890,000 for 2023, compared to a loss of HKD 15,233,000 in 2022, representing a 109.5% increase in losses[36] - Basic loss per share for 2023 was HKD 0.055, compared to HKD 0.026 in 2022[36] - The group recorded a loss of approximately HKD 28 million for the year, compared to a loss of about HKD 19.9 million in 2022, with total comprehensive loss attributable to owners amounting to HKD 35.3 million[102] Assets and Liabilities - Non-current assets decreased to HKD 323,015,000 in 2023 from HKD 347,672,000 in 2022, showing a reduction in long-term asset base[7] - Current assets increased to HKD 203,132,000 in 2023 from HKD 184,059,000 in 2022, indicating improved liquidity[7] - Total liabilities rose to HKD 405,139,000 in 2023 from HKD 380,208,000 in 2022, suggesting increased financial obligations[8] - The company’s equity attributable to owners decreased to HKD (50,616,000) in 2023 from HKD (16,968,000) in 2022, indicating a deterioration in net worth[8] - Accounts receivable increased to HKD 118.44 million in 2023 from HKD 93.63 million in 2022, a rise of approximately 26.5%[38] - The aging analysis of accounts receivable shows that overdue amounts (over 90 days) increased significantly to HKD 21.70 million in 2023 from HKD 4.82 million in 2022[39] - The company’s total liabilities increased to HKD 557.33 million in 2023 from HKD 532.57 million in 2022, reflecting an increase of approximately 4.66%[47] - The net current liabilities of the group were approximately HKD 202 million, indicating ongoing concerns regarding the group's ability to continue as a going concern[107] - The group’s net current liabilities and net liabilities were approximately HKD 202.01 million and HKD 31.18 million, respectively, as of December 31, 2023[129] Revenue Sources - Coal production and sales generated revenue of HKD 79,175,000, with supply chain management services contributing HKD 165,539,000, down 27.4% from HKD 227,991,000 in 2022[26] - The gross profit from the Xinjiang fire control coal mine project was HKD 51,357,000 for the year[26] - The coal mining segment generated revenue of HKD 291.98 million in 2023, compared to HKD 259.36 million in 2022, reflecting a growth of approximately 12.6%[45] - The total investment and other income for 2023 was HKD 24,599,000, down 18.5% from HKD 30,086,000 in 2022[28] Operational Challenges - The company has not reported any new product launches or technological advancements during the fiscal year[4] - There are no indications of market expansion or mergers and acquisitions in the current financial report[4] - The group defaulted on the repayment of bond principal amounting to HKD 46,800,000 and accrued interest of approximately HKD 7,020,000 as of December 31, 2023[13] - The company is facing challenges in Xinjiang due to overdue payments from the local government, impacting operational efficiency and morale[54] - The company has experienced difficulties in its operations in Xinjiang and Shandong, but remains determined to leverage its extensive experience and business network in these markets[60] Future Outlook - The board believes that the group will have sufficient operating funds to meet its financial obligations in the foreseeable future, based on cash flow forecasts covering the next twelve months[15] - The group’s normal business activities, including the Xinjiang mining fire extinguishing project, are gradually recovering, and the board expects positive outcomes from ongoing discussions with creditors regarding debt repayment extensions[17] - The company plans to enhance its business environment and market confidence through new policies aimed at stabilizing growth in 2024[51] - The company anticipates a tightening financial environment in 2024, with a focus on reducing financing costs and integrating non-core businesses to achieve profitability[58] - Management plans to implement several measures to improve future operating performance, cash flow, and financial condition, aiming to ensure sufficient working capital for at least the next 12 months[138] Compliance and Governance - The company has complied with the corporate governance code, except for the board's gender diversity requirement, which it aims to address by December 31, 2024[123] - The audit report indicates limitations in obtaining sufficient appropriate audit evidence regarding the financial status of the coal business in Tajikistan, affecting the financial statements for the years ending December 31, 2022, and December 31, 2023[134] - The audit committee has independently reviewed and agreed with management's stance on the audit opinion and the action plan to address the audit issues[147] Employee and Operational Metrics - Total employee costs, including director remuneration, were approximately HKD 23.2 million for the year, down from approximately HKD 24.6 million in 2022[112] - The group employed 115 staff as of December 31, 2023, an increase from 108 staff in 2022[111]

Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of HKD 185,911,000, a decrease of 14.1% compared to HKD 216,483,000 for the same period in 2022[6]. - The gross profit for the nine months ended September 30, 2023, was HKD 13,780,000, representing an increase of 11.7% from HKD 12,333,000 in the previous year[6]. - The company incurred a loss attributable to owners of the company of HKD 27,349,000 for the nine months ended September 30, 2023, compared to a profit of HKD 4,754,000 for the same period in 2022[6]. - The operating loss for the nine months ended September 30, 2023, was HKD 25,347,000, compared to an operating profit of HKD 10,268,000 in the previous year[6]. - The company reported total comprehensive expenses of HKD 32,444,000 for the nine months ended September 30, 2023, compared to HKD 6,142,000 for the same period in 2022[7]. - The basic loss per share for the nine months ended September 30, 2023, was HKD 4.74, compared to earnings of HKD 0.82 per share in the same period of 2022[6]. - The total segment loss for the nine months ended September 30, 2023, was HKD 28,711, compared to a profit of HKD 5,633 in the same period of 2022, indicating a significant decline in performance[27]. - The group reported HKD 1,941,000 in revenue from operating railway platforms for the nine months ended September 30, 2023, compared to no revenue in the same period of 2022[18]. Revenue Breakdown - Revenue from supply chain management services in the mining industry for the nine months ended September 30, 2023, was HKD 153,210,000, down 16.8% from HKD 183,885,000 in 2022[18]. - The group generated HKD 11,427,000 in revenue from management services for the three months ended September 30, 2023, compared to HKD 77,062,000 for the same period in 2022, reflecting a significant decline[18]. - Revenue from mining logistics services for the nine months ended September 30, 2023, was HKD 8,706,000, an increase of 12.8% from HKD 7,718,000 in 2022[18]. - The trust business achieved a 10% revenue growth in Q3 2023 compared to the same period last year[75]. Expenses and Liabilities - The company experienced a significant increase in administrative and other operating expenses, totaling HKD 41,755,000 for the nine months ended September 30, 2023, down from HKD 43,457,000 in the previous year[6]. - The company reported investment and other income of HKD 10,042,000 for the nine months ended September 30, 2023, a decrease of 54.3% from HKD 21,954,000 in the same period of 2022[6]. - The company recorded a foreign exchange loss of HKD 3,733,000 for the nine months ended September 30, 2023, compared to a loss of HKD 11,775,000 in the previous year[7]. - The company reported a significant impairment loss of HKD 2,495 for trade and other receivables for the nine months ended September 30, 2023, compared to a reversal of HKD 27,800 in the same period of 2022[30][25]. - The group’s total liabilities increased, leading to a decrease in equity attributable to owners of the company, which stood at HKD 1,452,420,000 as of September 30, 2023[9]. Current Financial Position - As of June 30, 2023, the group had a net current liability of approximately HKD 217,418,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[11]. - The group is considering future financing actions to address its ongoing concerns regarding liquidity and debt repayment schedules[89]. - The group is actively negotiating with creditors to further enhance liquidity despite ongoing challenges related to the audit opinion[96]. - The group aims to generate positive cash flow from operations as business activities normalize post-COVID-19[96]. Share Capital and Ownership - As of September 30, 2023, the issued and paid-up share capital increased to 583,415,844 shares from 576,566,055 shares as of December 31, 2022, representing a growth of approximately 1.5%[38]. - The group's capital structure included 583,415,844 shares with a par value of HKD 0.1 per share, resulting in a total share capital value of approximately HKD 58.34 million as of September 30, 2023[90]. - The beneficial ownership of shares by key executives includes 167,263,298 shares held by Chen Libei, representing 28.67% of issued shares[102]. Strategic Outlook - The group aims to explore new business opportunities and clients while maintaining a balance between caution and expansion in the future[43]. - The group has successfully obtained European certification for its mining machinery products in the first quarter of 2023, enhancing its market competitiveness[44]. - The group is optimistic about recovering receivables from the liquidation process of Youpai Energy, which is expected to improve liquidity once completed[96]. - The group is exploring new strategies to improve overall financial health and operational efficiency[96]. Compliance and Governance - The Audit Committee reviewed the unaudited third-quarter results for the nine months ended September 30, 2023, confirming compliance with applicable accounting standards and legal requirements[116]. - The company has maintained effective risk management and internal control systems, as reviewed by the board for the nine months ended September 30, 2023[120].

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 KAISUN HOLDINGS LIMITED 凱 順 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8203） 一帶一路參與者 二零二三年第三季度業績公告 凱順控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二三年九月三十日止九個月之未經審核簡明綜合財務業績。本公告 列載本公司二零二三年第三季度報告全文，乃符合香港聯合交易所有限公司GEM （「GEM」）證券上市規則（「GEM上市規則」）中有關第三季度業績初步公告附載的資料之 相關要求。 承董事會命 凱順控股有限公司 主席 陳立基 香港，二零二三年十一月十四日 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 161,565,000, an increase of 23.3% compared to HKD 131,048,000 for the same period in 2022[6] - Gross profit for the six months ended June 30, 2023, was HKD 8,338,000, down 20.0% from HKD 10,421,000 in the previous year[6] - The company reported a loss attributable to owners of the company of HKD 16,654,000 for the six months ended June 30, 2023, compared to a profit of HKD 13,760,000 in the same period of 2022[6] - The company reported a total comprehensive loss of HKD 20,666,000 for the six months ended June 30, 2023, compared to a total comprehensive income of HKD 9,040,000 in the same period of 2022[7] - The total comprehensive income for the period was HKD 9,040,000, a decrease from HKD 12,065,000 in the previous period, indicating a decline of 25%[12] - The group recorded an operating loss of approximately HKD 15.1 million for the six months ended June 30, 2023, compared to an operating profit of HKD 19.2 million for the same period in 2022[106] - The total loss for the group for the six months ended June 30, 2023, was approximately HKD 17.6 million, compared to a profit of HKD 14.8 million in the same period last year[106] - The loss attributable to the company's owners for the six months ended June 30, 2023, was approximately HKD 18.7 million, compared to a profit of HKD 9.2 million for the same period in 2022[106] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 511,053,000, a decrease from HKD 531,731,000 as of December 31, 2022[9] - Current liabilities increased to HKD 387,287,000 as of June 30, 2023, compared to HKD 380,208,000 at the end of 2022[10] - The net current liabilities as of June 30, 2023, were HKD 217,418,000, compared to HKD 196,149,000 at the end of 2022[10] - The company has a net current liability of approximately HKD 217,418,000, indicating significant uncertainty regarding its ability to continue as a going concern[19] - The company’s cash and cash equivalents decreased to HKD 6,398,000 from HKD 7,823,000 at the end of 2022[9] - Trade receivables increased from HKD 93,631,000 as of December 31, 2022, to HKD 105,683,000 as of June 30, 2023, indicating a growth of approximately 12.3%[49] - The aging analysis of trade receivables shows that the amount overdue for more than one year decreased from HKD 42,785,000 to HKD 45,356,000, reflecting improved collection efforts[50] Cash Flow - For the six months ended June 30, 2023, the net cash generated from operating activities was HKD 18,670,000, compared to HKD 5,064,000 for the same period in 2022, representing a significant increase of 269%[15] - The net cash used in investing activities was HKD 15,781,000, compared to HKD 10,416,000 in the prior year, showing an increase of 51%[15] - The company reported a net decrease in cash and cash equivalents of HKD 1,304,000 for the period, an improvement from a decrease of HKD 3,397,000 in the same period last year[15] Segment Performance - Revenue from supply chain management services in the mining industry was HKD 141,783,000 for the six months ended June 30, 2023, up 32.7% from HKD 106,823,000 in 2022[26] - The segment loss for the coal mining division was HKD 8,508,000 for the six months ended June 30, 2023, compared to a profit of HKD 1,946,000 in the same period of 2022[29] - The company reported a total segment loss of HKD 17,556,000 for the six months ended June 30, 2023, compared to a profit of HKD 14,809,000 in 2022[31] - Revenue from logistics services in the mining sector was HKD 6,740,000 for the six months ended June 30, 2023, compared to HKD 5,267,000 in 2022, reflecting a growth of 27.9%[26] Employee and Operational Costs - Employee costs for the six months ended June 30, 2023, totaled HKD 10,448,000, compared to HKD 11,611,000 in the same period of 2022[29] - Total administrative and other operating expenses for the six months ended June 30, 2023, were approximately HKD 26.8 million, a decrease of about 13% from HKD 30.8 million in the same period last year[104] - The decrease in administrative and other operating expenses was mainly due to reduced sales and marketing expenses as well as lower employee costs[104] Corporate Governance - The company emphasizes good corporate governance principles to achieve sound management and enhance shareholder value, with all committee members being independent non-executive directors[138] - The Audit Committee has reviewed the unaudited interim results for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards and legal requirements[140] - The Board has conducted an annual review of the effectiveness of the Group's risk management and internal control systems for the six months ended June 30, 2023, and deemed them effective and appropriate[144] Future Outlook and Strategies - The company is focused on streamlining operations and cost-saving measures to explore more business opportunities in the second half of the year[63] - The group anticipates that seasonal demand growth in July and August will boost domestic coal machinery equipment demand, positively impacting Tengzhou Kaiyuan's business volume[65] - The group plans to enhance the development of organic agricultural nutrients and expand sales channels, with a focus on high-quality vegetable cultivation[96] - The group aims to optimize product offerings and increase revenue in the Shandong mining and metallurgy machinery sector in Q3[89] - The group is exploring business opportunities in Taiwan and Russia to drive future growth[100]

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 KAISUN HOLDINGS LIMITED 凱 順 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8203） 一帶一路參與者 截至二零二三年六月三十日止六個月 中期業績公告 凱順控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合財務業績。本公告 列載本公司二零二三年中期業績報告全文，乃符合香港聯合交易所有限公司GEM （「GEM」）證券上市規則（「GEM上市規則」）中有關中期業績初步公告附載的資料之相關 要求。 承董事會命 凱順控股有限公司 主席 陳立基 ...

Financial Performance - Revenue for the first quarter of 2023 was HKD 107,271,000, an increase of 23.4% compared to HKD 86,832,000 in the same period of 2022[6] - Gross profit decreased to HKD 4,951,000 from HKD 6,940,000, representing a decline of 28.6% year-over-year[6] - Operating loss improved to HKD 1,686,000 from HKD 17,206,000, indicating a significant reduction in losses[6] - Loss attributable to owners of the company was HKD 3,248,000, down from HKD 15,996,000 in the previous year, reflecting a 79.7% improvement[6] - Total comprehensive loss for the period was HKD 3,562,000, compared to HKD 16,967,000 in the same quarter of 2022[8] - The company reported an investment and other income of HKD 7,889,000, a substantial increase from HKD 210,000 in the previous year[6] - Administrative and other operating expenses decreased to HKD 12,596,000 from HKD 15,729,000, showing a reduction of 19.5%[6] - The basic loss per share improved to HKD 0.56 from HKD 2.77, indicating a positive trend in loss reduction[6] - The company reported a total segment loss of HKD 2,714,000 for Q1 2023, compared to a loss of HKD 17,653,000 in Q1 2022, indicating an improvement in financial performance[24] - For the three months ended March 31, 2023, the total loss reported was HKD 2,714,000, a significant improvement from a loss of HKD 17,653,000 in the same period of 2022, representing an 84.7% reduction in losses[26] Revenue Breakdown - Revenue from supply chain management services in the mining industry was HKD 97,679,000, up from HKD 74,521,000, representing a 31.0% increase year-over-year[19] - The coal mining segment generated revenue of HKD 106,095,000, while the consulting and media services segment reported revenue of HKD 1,056,000, and the corporate and investment segment contributed HKD 120,000[24] - Revenue from fire control services in coal mines amounted to HKD 7,668,000, marking a new income stream as there was no revenue from this source in the same period last year[29] - The company's revenue for Q1 2023 reached HKD 107,271,000, a 23.4% increase from HKD 86,832,000 in Q1 2022[19] - Gross profit for Q1 2023 decreased by approximately 27.5% to HKD 5 million, down from HKD 6.9 million in Q1 2022, primarily due to over 90% of revenue coming from low-margin supply chain management services in the mining sector[86] Operational Challenges and Outlook - The company continues to face significant uncertainty regarding its ability to continue as a going concern due to net current liabilities of approximately HKD 196,149,000[13] - The company anticipates sufficient operating cash flow to meet financial obligations due to the gradual recovery of normal business activities post-COVID-19[15] - The company continues discussions with creditors regarding the deferral of debt repayments, expecting positive outcomes[15] - The company anticipates a positive outlook for Q2 2023, aiming to address staffing shortages cautiously while navigating post-pandemic recovery challenges[46] - The group remains optimistic about recovering outstanding receivables from the liquidation of Youpai Energy, which is expected to improve liquidity upon completion of the liquidation process[99] Investments and Financial Assets - The company has not adopted any new standards or interpretations that are not yet effective during the reporting period[17] - The company has implemented revised international financial reporting standards, which did not significantly impact the financial performance or position during the reporting period[16] - The Hong Kong stock trading business reported a fair value of listed securities at HKD 13,806,403 as of March 31, 2023, with an investment cost of HKD 33,372,295[84] - The total fair value of the group's financial assets at fair value through profit or loss represented 2.59% of the group's total assets[89] - The fair value loss on financial assets at fair value through profit or loss for Q1 2023 was approximately HKD 0.6 million, compared to a loss of HKD 3.5 million in Q1 2022[89] Shareholder Information - As of March 31, 2023, the largest shareholder, Mr. Chan, holds 167,263,298 shares, representing approximately 29.01% of the issued shares[106] - Chen Liji holds 167,263,298 shares, representing 29.01% of the issued shares[112] - Zhang Xiongfeng holds 81,950,000 shares, accounting for 14.21% of the issued shares[112] - The 2016 Share Incentive Plan has a total of 13,610,000 shares held, which is approximately 2.36% of the company's issued share capital as of March 31, 2023[116] Corporate Governance - The company has maintained effective risk management and internal control systems, as reviewed by the Board for the period ended March 31, 2023[129] - The company’s governance principles emphasize transparency and independence, with all committee members being independent non-executive directors[122] - The company has complied with the Corporate Governance Code during the three months ended March 31, 2023[126] - The Audit Committee reviewed the unaudited first-quarter results for the period ended March 31, 2023, and confirmed compliance with applicable accounting standards and legal requirements[125] Future Plans and Developments - The company plans to enhance environmental construction by Q2 2023, aiming to reduce operational impact on the environment and improve corporate image and competitiveness[74] - The company is actively expanding its tea brand and aims to increase revenue through new customer acquisition, with plans for international exhibitions in Russia, Morocco, and Hong Kong in Q2 and Q3[79] - The group plans to enhance the fire extinguishing project at Xinjiang Tulu Mining, with approval expected in Q2 2023[62] - The company is working on a station rail reconstruction project to facilitate coal transportation from Xinjiang to Shandong, aiming for an integrated production-transportation-sales model[74] - The company plans to adopt a new share incentive plan to replace the 2016 Share Incentive Plan, with details to be announced at an appropriate time[119]

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 KAISUN HOLDINGS LIMITED 凱 順 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8203） 一帶一路參與者 截至二零二三年三月三十一日止 第一季度業績公告 凱順控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二三年三月三十一日止三個月之未經審核簡明綜合財務業績。本公 告列載本公司二零二三年第一季度報告全文，乃符合香港聯合交易所有限公司GEM （「GEM」）證券上市規則（「GEM上市規則」）中有關第一季度業績初步公告附載的資料之 相關要求。 承董事會命 凱順控股有限公司 主席 陳立基 ...

Financial Performance - The company's revenue for 2022 was HKD 266,685,000, a significant increase of 70.6% compared to HKD 156,576,000 in 2021[8] - The company reported a loss before tax of HKD 23,410,000 for 2022, an improvement from a loss of HKD 68,586,000 in 2021[8] - Total assets increased to HKD 531,731,000 in 2022, up from HKD 368,389,000 in 2021, reflecting a growth of 44.3%[9] - Total liabilities rose to HKD 532,572,000 in 2022, compared to HKD 337,630,000 in 2021, indicating an increase of 57.7%[9] - The group's revenue for the year ended December 31, 2022, was approximately HKD 267 million, an increase of 70.3% compared to HKD 157 million in the same period last year[61] - Gross profit for the year ended December 31, 2022, increased by approximately 58.6% to about HKD 11.1 million, up from HKD 7 million in 2021[61] - Investment and other income for the year ended December 31, 2022, was approximately HKD 30.1 million, significantly up from HKD 0.6 million in 2021[61] - Other income for the year ended December 31, 2022, was approximately HKD 26.2 million, a substantial increase from HKD 7.1 million in 2021[61] - The group recorded a loss of approximately HKD 19.9 million for the year, an improvement from a loss of HKD 71.3 million in 2021[63] - The comprehensive loss attributable to owners of the company for the year ended December 31, 2022, was approximately HKD 28.6 million, compared to a loss of HKD 63.2 million in 2021[64] Economic Outlook - The overall economic outlook remains challenging, with the government announcing the lowest GDP growth target in a decade, impacting future business strategies[13] - The global economic growth is expected to slow from 6% in 2021 to 3.2% in 2022 and further to 2.7% in 2023[18] - China's GDP is projected to decrease to 2.7% in 2022 but is expected to recover to 4.3% in 2023 following the lifting of pandemic restrictions[18] - Hong Kong's economic growth forecast has been revised down from -0.5% to -3.2% due to global recession impacts and prolonged border restrictions[18] Business Strategy and Operations - The company plans to enhance its clean mining operations in Turpan to improve profitability while continuing to explore green energy solutions[13] - The company aims to rebuild its Belt and Road initiatives, focusing on asset management in Eurasia, despite setbacks in previous years[12] - The company is committed to improving environmental efficiency in its traditional energy business while maintaining coal operations[13] - The company emphasizes the importance of business diversification, which has proven resilient during crises[19] - The management aims to steadily improve performance in 2023, benefiting from the anticipated gradual economic recovery in China[20] - The company is actively seeking potential partners to expand its business segments and increase local market share[31] Coal Industry Insights - The coal production in China reached 4.5 billion tons in 2022, a year-on-year increase of 9%[23] - The railway sector completed a cargo dispatch volume of 3.9 billion tons in 2022, a 4.7% increase year-on-year, with thermal coal accounting for 1.49 billion tons, up 13%[27] - The company anticipates that the demand for coal machinery will rise as the economy recovers, boosting Tengzhou Kaiyuan's business volume[23] - In 2022, Xinjiang's raw coal production reached 400 million tons, a year-on-year increase of 25%, with coal transportation reaching 80 million tons, nearly doubling from the previous year[38] - Mongolia's coal export volume in 2022 was 31.69 million tons, a year-on-year increase of 101.72%, with exports to China accounting for 94% of the total[44] Environmental Initiatives - The company plans to enhance its environmental protection facilities in the first quarter and complete the construction of a third large shed by the fourth quarter to improve work environment quality[31] - The introduction of container transportation for coal in the third quarter aims to reduce pollution and provide customers with more transportation options[31] - The company aims to start operations of the third eco-greenhouse in Q1 2023 to reduce environmental impact while expanding its customer base[49] Shareholder and Governance Matters - The company has complied with most of the corporate governance code provisions as per GEM listing rules[171] - The company appointed Chen Zhenlang and Cheng Ketong as co-CEOs to enhance management succession and governance[198] - Major shareholders include Chen Libo with 167,263,298 shares (29.01%) and Zhang Xiongfeng with 81,950,000 shares (14.21%) as of December 31, 2022[167] - The remuneration of directors will be determined by the board based on their responsibilities, performance, and the group's results[159] Financial Management and Compliance - The company has committed to improving internal compliance procedures to ensure adherence to the listing rules for future transactions[109] - The company has not engaged in any significant investments or acquisitions during the reporting period[88] - The company reported no dividends for the fiscal year ending December 31, 2022, consistent with the previous year[132] - The company's available reserves as of December 31, 2022, amounted to zero HKD, unchanged from the previous year[140]