Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 32,946,000, a decrease of 14.8% compared to HKD 38,625,000 for the same period in 2023[7] - The company reported a loss before tax of HKD 7,744,000, compared to a loss of HKD 3,164,000 in the previous year, indicating a significant increase in losses[7] - Basic and diluted loss per share for the period was HKD 0.53, compared to HKD 0.39 in the same period last year, reflecting a worsening financial position[9] - The total comprehensive loss for the period was HKD 8,395,000, compared to HKD 2,944,000 in the same period last year, highlighting increased financial strain[9] - The company reported a total loss before tax of HKD 7,744,000 for the six months ended December 31, 2024, compared to a profit of HKD 2,247,000 for the same period in 2023[28] - The net loss attributable to shareholders for the same period was approximately HKD 7.2 million, an increase of 56.5% from HKD 4.6 million in the previous year[74] Assets and Liabilities - Total assets decreased to HKD 30,047,000 from HKD 38,660,000, representing a decline of 22.3%[11] - The company's net asset value dropped to HKD 41,728,000 from HKD 50,123,000, a decrease of 16.7%[11] - The total liabilities as of December 31, 2024, were HKD 6,950,000, with segment liabilities for renewable energy at HKD 2,899,000[31] - As of December 31, 2024, the total current assets were approximately HKD 30 million, down from HKD 38.7 million as of June 30, 2024[80] Cash Flow and Investments - The net cash used in operating activities was HKD 4,824,000 for the six months ended December 31, 2024, compared to HKD 13,494,000 for the same period in 2023, showing an improvement in cash flow management[16] - The company recorded a net cash inflow from investing activities of HKD 355,000 for the six months ended December 31, 2024, compared to HKD 34,000 in the previous year, reflecting better investment performance[18] - The total cash and cash equivalents at the end of the reporting period decreased to HKD 10,728,000 from HKD 26,821,000 a year earlier, indicating a decline in liquidity[18] Revenue Segments - Revenue from renewable energy (recycled oil/biodiesel trade) was HKD 27,312,000, down 22.7% from HKD 35,315,000 in the previous year[28] - The segment performance for the renewable energy division showed a loss of HKD 412,000, while the plastic recycling and metal waste segment incurred a loss of HKD 2,796,000[28] - The construction waste and processing services segment generated revenue of approximately HKD 2.3 million, an increase from HKD 2.0 million in the previous year[77] - The plastic recycling and metal waste segment recorded revenue of approximately HKD 1.7 million, up from HKD 1.2 million, but the net loss increased by 22% to approximately HKD 2.8 million[78] Operational Developments - The company has established its own storage and processing factory in Hong Kong for waste cooking oil, enhancing its operational capabilities[62] - The renewable energy business has been certified under the International Sustainability and Carbon Certificate (ISCC), ensuring compliance with European renewable energy directives[53] - The company has expanded its operational team to enhance procurement capabilities and customer outreach in the waste cooking oil market[61] - The company is focused on evaluating new strategies for market expansion and product development in the renewable energy sector[28] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all principles and applicable code provisions during the period ending December 31, 2024, except for the separation of the roles of Chairman and CEO, which are held by the same individual[104] - An audit committee has been established in accordance with the corporate governance code, which has reviewed the accounting principles and policies adopted by the group, as well as discussed risk management systems and financial reporting matters[108] Market Conditions and Risks - The energy market outlook for 2025 is uncertain, influenced by geopolitical tensions and potential changes in U.S. energy policies under a new administration[92] - The group faces foreign exchange risks due to operations primarily in Hong Kong and Germany, with revenues and expenses denominated in USD and EUR[86] - The group is reassessing the commercial viability of its plastic recycling business in Germany due to challenges and pressures in the market[93]
绿色能源科技集团(00979) - 2025 - 中期财报