HONG KONG, July 15, 2024 (GLOBE NEWSWIRE) -- On June 28 and July 10, 2024, Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group (NASDAQ:BANL) ("Banle" or "the Group"), a reputable marine fuel logistic company in the Asia-Pacific region ("Banle Energy"), announced the successful completion of two B24 biofuel bunkering services for Yang Ming Marine Transport Corporation ("Yang Ming"), one of the top 10 container shipping companies in the world. These were achieved in partnership with ...

Core Insights - The article discusses the recent developments in the oil trading sector, particularly focusing on the activities of BANL and its strategic initiatives in the market [1][2]. Group 1: Company Developments - BANL has reported significant progress in its oil trading operations, indicating a strong market presence and an increase in trading volumes [1]. - The company has achieved ISCC EU and ISCC Plus certifications, enhancing its credibility and operational standards in the oil trading industry [2]. - There is a notable emphasis on expanding customer trust and engagement, with BANL actively working to improve its service offerings and market strategies [1][2]. Group 2: Market Trends - The oil trading market is experiencing a shift, with increased competition and evolving customer expectations driving companies to adapt their strategies [1]. - The article highlights the importance of sustainability and regulatory compliance in the oil trading sector, as companies like BANL strive to meet new industry standards [2]. - The overall sentiment in the market suggests a growing demand for reliable and certified oil trading services, which could present opportunities for companies that can effectively position themselves [1][2].

香港, May 20, 2024 (GLOBE NEWSWIRE) -- 万利集团（以下简称「集团」）（美国纳斯达克交易所代码：BANL）子公司，亚太地区知名的船舶燃油供应公司，万利能源国际有限公司（「万利能源」）有幸参与印度塔塔钢铁集团（「塔塔钢铁」）从新西兰格拉德斯通到印度巴拉迪普的运载航程，该航程已于5月8日圆满完成。 是次成功有赖各方通力合作，其中万利能源与嘉吉国际公司（「嘉吉」）和中石化中海船舶燃料供应有限公司（「中石化中海」）合作供应了1,000吨B24生物燃料。 B24生物燃料加油服务于2024年3月15日在中国广州的港口进行。 塔塔钢铁是世界领先的钢铁生产商之一，运营和业务足迹遍布全球，而嘉吉是享有盛誉的国际公司，专注于可持续食品成分、农业方案和工业产品。 集团首次向嘉吉提供B24生物燃料加油服务，此乃一里程碑; 是次服务亦是嘉吉在中国进行的首次B24 生物燃料加油，进一步在碳减排方面奋进。 建基于这次的成功经验，加强了我们推广绿色航运，促进使用替代燃料。 使用替代燃料有利船东客户改善其船舶的营运碳强度指标（CII）评级。 CII 为 Carbon Intensity Indicator 的缩 ...

Core Insights - Banle Energy International Limited has expanded its operations into Mauritius, marking its first entry into the African continent, which signifies a strategic growth initiative for the company [1][2] - The port of Port Louis is a key trade hub in Mauritius, facilitating significant import and export activities, thus providing Banle with an opportunity to enhance its market penetration [1] Company Overview - Banle Group, established in 2015, is a prominent marine fuel logistics provider in the Asia Pacific region, operating in over 55 major ports across various countries including Belgium, China, and Japan [3] - The company focuses on providing a one-stop solution for vessel refueling and actively promotes the use of alternative fuels, holding ISCC EU and ISCC Plus certifications [3]

HONG KONG, May 13, 2024 (GLOBE NEWSWIRE) -- Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group (NASDAQ:BANL), a reputable marine fuel logistic company in the Asia Pacific region, is thrilled to have participated in the successful full-laden leg voyage from Gladstone to Paradip undertaken by Tata Steel Group ("Tata Steel"), which was completed on May 8. This voyage was made possible through a collaborative effort, with a 1,000 MT B24 biofuel supply provided in partnership with Carg ...

香港, April 25, 2024 (GLOBE NEWSWIRE) -- 万利集团（以下简称「集团」）（美国纳斯达克交易所代码：BANL），亚太地区领先的船舶燃油供应公司，于2024年4月23日举办「投资者网络研讨会」。在研讨会上，集团主席兼行政总裁谢威廉先生和首席财务总监赵承忠先生讨论了如何持续集团于亚太市场的领先地位及进一步扩展到欧洲市场的商业策略、资本结构的稳健性和高流动性，以及在探索与营运生物燃料方面的举措。 谢威廉先生表示：「多年来，我们在船舶燃油供应行业的独特地位、灵活的运营、审慎的财务管理、以于行内良好的声誉和丰富的行业知识，使集团持续发展。未来，我们将进一步扩大在亚太和欧洲地区的服务网络，推动可持续增长。此外，我们将继续主动探索各种替代燃料，以迅速应对日新月异的市场需求。我的终极目标是带领集团再创高峰，为股东带来更多利益。」 如欲重溫「投资者网络研讨会」的片段和获得简报等资讯，请到集团的企业网站观看或下载：https://www.banle-intl.com/ 关于万利集团 万利集团成立于 2015 年，以CBL国际有限公司（CBL International Limited）（纳斯达克: ...

Core Insights - Banle Group reported a significant decline in financial performance for FY2023, with net income dropping by 69.3% to US$1.1 million compared to US$3.7 million in FY2022 [2][7] - Despite a challenging global economic environment, the company achieved an 18% increase in sales volume year-on-year, aided by the successful IPO and expansion into new markets [4][3] - The company expanded its service network from 36 to over 55 ports, including new operations in Europe, which is expected to drive future growth [5][3] Financial Performance - Revenue decreased by 5.8% to US$435.9 million in FY2023 from US$462.9 million in FY2022 [2][14] - Cost of revenue also fell by 5.5%, leading to a gross profit decline of 21.0% to US$7.2 million [2][14] - Total operating expenses increased by 27.1% to US$5.5 million, primarily due to IPO-related costs and business expansion efforts [2][6] Operational Highlights - The company successfully utilized IPO proceeds of US$15 million to enhance its service offerings and customer base [3][4] - Banle Group launched its first biofuel supply, marking a significant step in its commitment to environmental sustainability [3][5] - The average oil prices dropped by 20% during FY2023, but the increase in sales volume helped mitigate the revenue decline [4][5] Balance Sheet Overview - Total assets increased to US$53.5 million in FY2023 from US$25.6 million in FY2022, reflecting the impact of the IPO and business expansion [12] - Current assets rose significantly, with cash and accounts receivable totaling US$32.5 million compared to US$23.0 million in the previous year [11][12] - Total liabilities also increased, primarily due to higher accounts payable, which rose to US$27.5 million from US$12.7 million [12]

Revenue and Profit Performance - Revenue for FY2023 decreased by 5.8% year-on-year to $435.9 million, compared to $462.9 million in FY2022[2] - Gross profit declined by 21.0% to $7.2 million in FY2023, down from $9.1 million in FY2022[2] - Net income dropped significantly by 69.3% to $1.1 million in FY2023, compared to $3.7 million in FY2022[2] - Net income for 2023 was $1,132,650, a significant decrease from $3,685,000 in 2022[15] Sales and Market Expansion - Sales volume surged by 18% year-on-year in FY2023, partially offsetting the impact of a 20% drop in average oil prices[4] - The company expanded its supply network from 36 ports in FY2022 to over 55 ports in FY2023, covering both Asia Pacific and Europe[5] - The company raised $15 million from an IPO in March 2023, enabling expansion into Europe and new customer acquisition[3] Operating Expenses and Costs - Operating expenses increased by 27.1% to $5.5 million in FY2023, primarily due to listing-related costs and business expansion[2][6] - Depreciation and amortization expenses increased to $170,826 in 2023 from $88,175 in 2022[15] - Cash paid for interest in 2023 was $302,486, up from $261,703 in 2022[15] - Cash paid for income taxes in 2023 was $794,910, compared to $688,790 in 2022[15] Cash Flow and Financial Position - Cash position improved to $7.4 million in FY2023, up from $5.0 million in FY2022[11] - Net cash used in operating activities for 2023 was ($10,032,854), compared to net cash provided by operating activities of $3,499,133 in 2022[15] - Net cash provided by financing activities was $13,176,717 in 2023, compared to net cash used in financing activities of ($1,128,453) in 2022[15] - Cash at the end of 2023 was $7,402,890, an increase from $5,032,890 at the end of 2022[15] Accounts Receivable and Payable - Accounts receivable increased to $25.1 million in FY2023, compared to $18.4 million in FY2022[11] - Accounts receivable decreased by $6,679,675 in 2023, compared to a decrease of $402,941 in 2022[15] - Accounts payable increased by $14,779,300 in 2023, compared to a decrease of $5,644,677 in 2022[15] Prepayments and Other Assets - Prepayments and other current assets decreased by $19,042,364 in 2023, compared to an increase of $3,580,806 in 2022[15] New Business Initiatives - The company launched biofuel trading activities in FY2023, marking a significant step in alternative fuel exploration[3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

香港, April 18, 2024 (GLOBE NEWSWIRE) -- 万利集团（以下简称「集团」）（美国纳斯达克交易所代码：BANL）子公司，亚太地区领先的船舶燃油供应公司，万利能源国际有限公司与中石油燃料油有限责任公司（以下简称「中石油」）合作，為阳明海运股份有限公司（以下简称「阳明」）的「YM Utility」号在深圳盐田港進行 B24 生物燃料交付。 通过是次为阳明提供B24 生物燃料交付服务，集团不僅造就深圳首次 B24 生物燃料交付，也助力阳明在中国完成其首單B24 生物燃料交付。作为积极推动绿色转型的集团，我们正在为国际海事组织 (International Maritime Organization (IMO) 船舶温室气体 (GHG) 减排目标做出积极贡献。研究顯示，与传统燃油相比，使用B24 生物燃料混合物预计可减少约 20% 的温室气体排放。 集团主席兼行政总裁谢威廉先生表示，他决心为航运业带来正面影响：「我们有幸参与阳明在中国的首次 B24 生物燃料交付。这次交付与我们首次在香港引进 B24 生物燃料及向中国出口 B24 生物燃料的计划目标一致。作为航运业界的持分者，我们将继续致 ...