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能源及能量环球(01142) - 2025 - 年度业绩
E&P GLOBALE&P GLOBAL(HK:01142)2025-06-20 14:56

Financial Performance - For the fiscal year ending March 31, 2025, the company reported a revenue of HKD 489,447,000, a decrease of 26.3% from HKD 664,701,000 in the previous year[2] - The gross profit for the same period was HKD 6,187,000, down 19.2% from HKD 7,652,000 year-on-year[2] - The company recorded a net loss attributable to shareholders of HKD 329,045,000, compared to a profit of HKD 106,899,000 in the previous year, indicating a significant decline[2] - The total comprehensive loss for the year was HKD 227,355,000, contrasting with a comprehensive income of HKD 104,103,000 in the prior year[3] - Diesel sales contributed HKD 369,329,000, down 28.0% from HKD 510,957,000 in the prior year[19] - The mining segment reported a loss of HKD 786,012,000, while the trading segment generated a profit of HKD 1,560,000, leading to a total loss of HKD 784,452,000[25] - The company reported a net loss attributable to owners of HKD (329,045) thousand for 2025, compared to a profit of HKD 106,899 thousand in 2024[38] - The company reported a loss before tax of approximately HKD 329,010,000, a significant decline from a profit of HKD 108,660,000 in the previous year[147] Assets and Liabilities - The company's total assets decreased to HKD 1,465,045,000 from HKD 2,149,147,000, reflecting a reduction of 31.7%[4] - Current liabilities exceeded current assets by HKD 87,119,000, a significant improvement from HKD 3,705,062,000 in the previous year[4] - Non-current liabilities increased to HKD 3,356,084,000 from HKD 194,887,000, indicating a substantial rise[5] - The company’s equity attributable to shareholders showed a deficit of HKD 1,941,077,000, worsening from HKD 1,714,719,000 in the previous year[5] - The company reported total liabilities of HKD 3,454,673,000, a decrease of 11.7% from HKD 3,914,397,000 in the previous year[26] Financing and Capital Structure - The company issued convertible bonds totaling USD 400,390,000 (approximately HKD 3,123,042,000) to fully settle liabilities of about HKD 3,591,498,000[10] - The conversion price for the convertible bonds is set at HKD 0.25 per share[10] - The company has received commitments from creditors to defer repayment of certain loans until December 31, 2025, ensuring sufficient liquidity for operations[14] - The company has successfully extended the maturity date of certain convertible bonds to December 31, 2025[9] - The company believes it has adequate funding to meet its operational needs and financial obligations for at least the next 12 months[14] - The company has reported a decrease in the total amount payable to shareholders from HKD 35,839,000 in 2024 to HKD 4,926,000 in 2025[58] Legal and Regulatory Matters - Ongoing legal disputes regarding ownership of convertible bonds are still in progress, which may affect future financial reporting[11] - The company is involved in multiple legal proceedings, including case HCA 672 from 2013, where a temporary injunction was granted to restrict certain shareholders from selling their shares until further notice[87] - The company is in contact with the trustee of Zhi Charles, who conditionally agreed to terminate the legal action without any costs pending final confirmation[91] - Daily Loyal claims an outstanding amount of $297,390,000 (approximately HKD 2,319,642,000) in unexercised convertible bonds[107] - The company has been involved in multiple legal disputes concerning convertible securities and related claims, indicating ongoing legal challenges[120] Operational Focus and Strategy - The company is engaged in mining and exploration rights in Russia and trading of diesel and gasoline in South Korea, indicating ongoing operational focus in these regions[6] - The company aims to optimize its core trading and coal mining operations while exploring diversification opportunities in response to geopolitical and economic challenges[153] - The company is focused on enhancing its trade business in South Korea by providing competitive pricing and ensuring stable supply at gas stations[154] - The company is exploring new methods for mining operations to minimize environmental impact and is consulting with experts on technical designs to meet environmental standards[150][151] Corporate Governance and Compliance - The audit committee has reviewed the company's annual performance for the fiscal year ending March 31, 2025[178] - The company has complied with the corporate governance code, with the appointment of an independent non-executive director to meet regulatory requirements[179] - The company will hold its annual general meeting on August 12, 2025, with a suspension of share transfer registration from August 7 to August 12, 2025[180]