Financial Performance - Revenue for the six months ended December 31, 2022, was HKD 46,158,000, a decrease of 77.25% compared to HKD 202,778,000 for the same period in 2021[7]. - The company reported a loss before tax of HKD 9,666,000, improving from a loss of HKD 13,796,000 in the previous year, representing a 29.5% reduction in losses[7]. - Total comprehensive loss for the period was HKD 9,265,000, compared to HKD 14,608,000 in the prior year, indicating a 36.5% improvement[7]. - Basic and diluted loss per share was HKD 0.83, down from HKD 1.04 in the same period last year[7]. - The company reported a cash flow from operating activities of HKD (9,764) thousand for the six months ended December 31, 2022, compared to HKD (3,432) thousand for the same period in 2021, indicating a significant increase in cash outflow[13]. - The company reported a pre-tax loss of HKD (9,666) thousand for the six months ended December 31, 2022, an improvement from a loss of HKD (13,796) thousand in the same period of 2021[13]. - The company reported a loss attributable to owners of the company of HKD 9,470,000 for the six months ended December 31, 2022, compared to a loss of HKD 11,835,000 for the same period in 2021, representing a 20% improvement in loss[31]. Asset and Liability Management - Non-current assets decreased to HKD 21,667,000 from HKD 26,496,000, reflecting a decline of 18.3%[9]. - Current assets decreased to HKD 36,047,000 from HKD 45,100,000, a reduction of 20.1%[9]. - Cash and cash equivalents were HKD 23,170,000, down from HKD 33,566,000, representing a decrease of 30.9%[9]. - Total equity attributable to owners of the company was HKD 41,567,000, down from HKD 50,566,000, a decline of 17.6%[9]. - Total assets as of December 31, 2022, amounted to HKD 57,714,000, down from HKD 71,596,000 as of June 30, 2022[24]. - Total liabilities decreased to HKD 23,859,000 from HKD 28,476,000, indicating a reduction in financial obligations[24]. Revenue Breakdown - Revenue from the recycling oil/biodiesel trade decreased to HKD 41,045 thousand in 2022 from HKD 193,152 thousand in 2021, reflecting a decline of approximately 78.7%[21]. - The construction waste processing segment generated revenue of HKD 2,066,000, down 34.6% from HKD 3,164,000 in the prior year[23]. - Renewable energy segment revenue decreased significantly to HKD 41,045,000 from HKD 193,152,000, reflecting a decline of 78.8%[23]. - The healthcare segment reported revenue of approximately HKD 1,800,000, down approximately 58.1% from HKD 4,300,000 in the same period last year, attributed to strict COVID-19 policies in China affecting operations[65]. - The plastic recycling and metal waste segment recorded revenue of approximately HKD 1,200,000, representing a decline of approximately 42.9% from HKD 2,100,000 in the previous year, primarily due to a continuous lack of raw material supply in Germany[62]. Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[7]. - The segment performance showed a loss of HKD 3,671,000, compared to a loss of HKD 5,045,000 in the previous year, indicating an improvement in operational efficiency[23]. - The company has expanded its operational team for renewable energy business to 13 employees in 2022, aiming to further increase the total number of employees in this sector in 2023[42]. - The company has established strong relationships with reputable consulting and brokerage firms, enhancing its ability to access new customers in the renewable energy market[37]. - The company has been actively building a local supplier network and has secured exclusive rights to collect waste cooking oil from local catering suppliers in Hong Kong[44]. Employee and Corporate Governance - Employee costs for the six months were HKD 9,927,000, a decrease of 13.5% from HKD 11,471,000 in the previous year[25]. - The group employs 52 staff members as of December 31, 2022, down from 57 as of June 30, 2022, and offers a competitive remuneration package to encourage employee performance[75]. - The company did not declare an interim dividend for the six months ended December 31, 2022, consistent with the previous year[29]. - The board believes that having the same person serve as both chairman and CEO can enhance leadership and decision-making efficiency[83]. Market Conditions and Future Outlook - The group anticipates a challenging year in 2023 for the global economy, with significant impacts from the COVID-19 pandemic and geopolitical tensions affecting supply chains and trade[72]. - The group adopted a more cautious approach to new loans due to negative macroeconomic trends, including ongoing global inflation and tightening monetary policies[63]. - The group plans to reassess the commercial viability of its plastic recycling business in Germany due to ongoing raw material supply shortages and rising energy costs[74].
绿色能源科技集团(00979) - 2023 - 中期财报