云能国际(01298) - 2025 - 中期业绩

Announcement Details This announcement presents the unaudited interim results of Yunnan Energy International Co. Limited for the six months ended June 30, 2025 Interim Results Announcement This announcement presents the unaudited interim results of Yunnan Energy International Co. Limited for the six months ended June 30, 2025 - Company Name: Yunnan Energy International Co. Limited[2] - Reporting Period: Six months ended June 30, 2025 (first half of 2025)[2][3] - Report Type: Unaudited condensed consolidated interim results announcement[2][3] Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Profit or Loss and Other Comprehensive Income Overview H1 2025 profit or loss shows revenue and gross profit declines, with loss attributable to owners of the parent significantly increasing Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Six Months Ended June 30) | Metric | 2025 H1 (Thousand HKD) | 2024 H1 (Thousand HKD) | Change (Thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 152,546 | 218,810 | (66,264) | -30.3% | | Cost of Sales | (147,419) | (212,621) | 65,202 | -30.7% | | Gross Profit | 5,127 | 6,189 | (1,062) | -17.2% | | Other Income and Gains, Net | 1,781 | 1,142 | 639 | 56.0% | | Selling and Distribution Expenses | (1,803) | (1,029) | (774) | 75.2% | | Administrative Expenses | (5,319) | (5,213) | (106) | 2.0% | | Net Reversal of Impairment Losses on Financial Assets / (Impairment Losses) | 545 | (172) | 717 | -416.9% | | Finance Costs | (1,756) | (1,206) | (550) | 45.6% | | Loss Before Tax | (1,425) | (313) | (1,112) | 355.3% | | Income Tax | (1,230) | – | (1,230) | N/A | | Loss for the Period Attributable to Owners of the Parent | (2,655) | (313) | (2,342) | 748.2% | | Total Comprehensive Loss for the Period Attributable to Owners of the Parent | (1,037) | (974) | (63) | 6.5% | | Basic and Diluted Loss Per Share (HK cents) | (0.96) | (0.11) | (0.85) | 772.7% | Unaudited Condensed Consolidated Statement of Financial Position Financial Position Overview H1 2025 financial position shows non-current assets up, current assets and liabilities down, and total equity slightly lower Condensed Consolidated Statement of Financial Position (As of June 30) | Metric | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | Change (Thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Assets | | | | | | Total Non-current Assets | 52,308 | 40,982 | 11,326 | 27.6% | | Total Current Assets | 326,676 | 373,742 | (47,066) | -12.6% | | Liabilities | | | | | | Total Current Liabilities | 204,296 | 250,607 | (46,311) | -18.5% | | Total Non-current Liabilities | 11,608 | – | 11,608 | N/A | | Equity | | | | | | Total Equity | 163,080 | 164,117 | (1,037) | -0.6% | Notes to the Unaudited Condensed Consolidated Financial Statements Note 1 Company and Group Information Yunnan Energy International is a Bermuda-incorporated, dual-listed company, ultimately held by Yunnan Energy Investment Group - Company registration: Bermuda[9] - Listing locations: Hong Kong Stock Exchange (primary listing), Singapore Exchange (secondary listing)[9] - Ultimate holding company: Yunnan Energy Investment Group Co., Ltd. (a Chinese state-owned enterprise)[10] Note 2 Basis of Preparation and Application of New and Revised IFRSs Interim financial statements, prepared under IAS 34, align with 2024 policies, with no significant impact from new IFRSs, covering distribution and supply chain - Basis of preparation: Prepared in accordance with International Accounting Standard 34 Interim Financial Reporting[11] - Accounting policies: Consistent with those used in the annual financial statements for the year ended December 31, 2024[11] - Impact of new standards: Adoption of new and revised IFRSs did not result in significant changes to the Group's accounting policies, financial statement presentation, or amounts[13] - Principal businesses: Distribution of branded analytical and laboratory instruments and life science equipment (the "Distribution Business") and supply chain business for diversified industrial and consumer products trading (the "Supply Chain Business")[12] Note 3 Operating Segment Information The Group operates in Distribution and Supply Chain segments; H1 2025 saw Distribution revenue surge while Supply Chain revenue declined, with China as the primary revenue source - Operating segments: Distribution Business (distribution of analytical instruments, life science and general laboratory instruments and after-sales services) and Supply Chain Business (trading of commodities, diversified industrial and consumer products)[16] Segment Revenue and Results (Six Months Ended June 30) | Segment | 2025 H1 Revenue (Thousand HKD) | 2024 H1 Revenue (Thousand HKD) | Revenue Change Rate | 2025 H1 Results (Thousand HKD) | 2024 H1 Results (Thousand HKD) | Results Change Rate | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Distribution Business | 20,661 | 3,094 | 567.7% | (215) | (70) | 207.1% | | Supply Chain Business | 131,885 | 215,716 | -38.9% | 1,724 | 3,204 | -46.2% | | Total | 152,546 | 218,810 | -30.3% | 1,509 | 3,134 | -51.8% | Geographical Information: Revenue from External Customers (Six Months Ended June 30) | Region | 2025 H1 Revenue (Thousand HKD) | 2024 H1 Revenue (Thousand HKD) | Change (Thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | China (including Hong Kong and Macau) | 152,256 | 161,229 | (8,973) | -5.6% | | Asia (excluding China) | 290 | 57,581 | (57,291) | -99.5% | | Total | 152,546 | 218,810 | (66,264) | -30.3% | Major Customer Revenue Contribution (Six Months Ended June 30) | Customer | 2025 H1 Revenue (Thousand HKD) | 2024 H1 Revenue (Thousand HKD) | | :--- | :--- | :--- | | Customer A in Supply Chain Business Segment | 55,224 | N/A* | | Customer B in Supply Chain Business Segment | 16,479 | N/A* | | Customer C in Supply Chain Business Segment | 16,217 | N/A* | | Customer D in Supply Chain Business Segment | N/A* | 93,019 | | Customer E in Supply Chain Business Segment | N/A* | 32,486 | | Customer F in Supply