Financial Performance - Total revenue for the six months ended June 30, 2022, was approximately HKD 109,871,000, an increase of about 76.6% compared to HKD 62,223,000 for the same period in 2021[6]. - The loss attributable to owners of the company was approximately HKD 14,006,000, compared to a loss of HKD 13,481,000 for the same period in 2021[6]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 32,290,000, compared to HKD 8,806,000 for the same period in 2021[11]. - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.014, compared to HKD 0.013 for the same period in 2021[11]. - The company reported a significant increase in trade payables, which rose to HKD 12,519,000 as of June 30, 2022, from HKD 6,340,000 as of December 31, 2021[13]. - The company reported a loss of HKD 14,006,000 for the six months ended June 30, 2022, compared to a loss of HKD 13,481,000 in the same period of 2021[23]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 30,254,000, compared to a loss of HKD 14,006,000 in the same period of 2021[23]. Revenue Breakdown - Revenue from gas transportation and distribution reached HKD 89,350,000 for the six months ended June 30, 2022, a significant increase of 76.6% compared to HKD 50,569,000 in the same period of 2021[23]. - Revenue from the sale of thermal energy and biomass gasification products was HKD 13,025,000 for the six months ended June 30, 2022, compared to HKD 3,812,000 in the same period of 2021, marking a growth of 241.5%[23]. - Revenue from external customers for the energy and bio segment reached HKD 89,350,000 for the six months ended June 30, 2022, up from HKD 50,569,000 in the same period of 2021, reflecting a growth of 76.7%[37]. - Total revenue for the six months ended June 30, 2022, increased compared to the same period in 2021, primarily due to increased demand for natural gas and contributions from the new biomass gasification heating business[56]. Assets and Liabilities - Non-current assets as of June 30, 2022, totaled HKD 485,586,000, a slight decrease from HKD 493,941,000 as of December 31, 2021[13]. - Current assets as of June 30, 2022, were HKD 253,083,000, down from HKD 259,009,000 as of December 31, 2021[13]. - Total liabilities as of June 30, 2022, amounted to HKD 404,766,000, compared to HKD 386,757,000 as of December 31, 2021[14]. - The net asset value as of June 30, 2022, was HKD 333,903,000, a decrease from HKD 366,193,000 as of December 31, 2021[14]. - As of June 30, 2022, total borrowings amounted to HKD 275,791,000, an increase from HKD 267,210,000 as of December 31, 2021[46]. Cash Flow - The net cash generated from operating activities was HKD 11,503,000 for the six months ended June 30, 2022, compared to HKD 1,133,000 in the same period of 2021[17]. - The net cash used in investing activities was HKD 14,485,000 for the six months ended June 30, 2022, an improvement from HKD 25,507,000 in the same period of 2021[17]. - The net cash generated from financing activities was HKD 17,545,000 for the six months ended June 30, 2022, compared to HKD 28,128,000 in the same period of 2021[17]. - The cash and cash equivalents at the end of June 30, 2022, amounted to HKD 121,203,000, significantly up from HKD 16,380,000 at the end of June 30, 2021[17]. Shareholder Information - Major shareholders as of June 30, 2022, include Guo Xiuqin with 12.10% and Ji Shengzhi with 10.74% of the company's shares[90]. - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[6]. - The company did not redeem any ordinary shares during the six months ended June 30, 2022[100]. - The company did not purchase or sell any ordinary shares during the six months ended June 30, 2022[100]. Corporate Governance - The company has established an audit committee to review financial controls and risk management systems, consisting of three independent non-executive directors[96]. - The remuneration committee is responsible for considering the remuneration policies for all executive directors and senior management, also composed of three independent non-executive directors[98]. - The board of directors consists of both executive and independent non-executive directors, ensuring a balance of power[107]. - The company has adopted a code of conduct for securities trading by directors, in compliance with GEM Listing Rules[105]. Future Outlook - The company expects stable growth in its natural gas business, which is anticipated to contribute significant revenue due to the expansion of the energy division[62]. - The company’s natural gas business remains its core, benefiting from government policies encouraging the use of clean energy, with expectations for continued growth in this sector[56]. - The company will continue to explore viable investment opportunities to enhance its value amid global economic uncertainties[60]. - The property investment business in Yichang provided stable positive cash flow, supported by tenants in the automotive parts manufacturing sector, indicating strong future prospects[57].
中国基础能源(08117) - 2022 - 中期财报