Financial Performance - The group's revenue for the reporting year was approximately HKD 4,028.3 million, a significant increase from HKD 1,613.6 million in the previous year, representing a growth of about 149.5%[3] - The company reported a profit attributable to owners of approximately HKD 66.3 million, compared to a loss of HKD 27.8 million in the previous year, marking a turnaround in performance[3] - Basic and diluted earnings per share for the reporting year were approximately HKD 1.57, compared to a loss of HKD 0.66 per share in the previous year[3] - The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the year was approximately HKD 125.4 million, a significant improvement from an EBITDA loss of HKD 16.3 million in the previous year[3] - The gross profit for the year was approximately HKD 172.8 million, compared to HKD 31.1 million in the previous year, indicating a substantial increase in profitability[5] - The total comprehensive income for the year attributable to owners was approximately HKD 71.3 million, a recovery from a loss of HKD 30.3 million in the previous year[7] - The total segment profit for the year was HKD 104,552,000, compared to a loss of HKD 49,262,000 in the previous year, marking a turnaround in profitability[24] - The company reported a pre-tax profit of HKD 82,853,000, a significant improvement from a pre-tax loss of HKD 31,010,000 in the previous year[24] - The company reported a net profit of HKD 66,323,000 for the year ending December 31, 2023, compared to a net loss of HKD 27,843,000 in 2022[31] Revenue Breakdown - The revenue from the Green Building and Related Business segment was HKD 1,349,387,000, up from HKD 852,663,000, indicating a growth of about 58%[24] - The New Energy and EPC segment generated revenue of HKD 2,119,585,000, compared to HKD 58,594,000 in the previous year, reflecting an increase of approximately 3,500%[24] - The Smart Energy Management Services segment reported revenue of HKD 16,055,000, a slight decrease from HKD 19,718,000, showing a decline of about 18%[24] - The Health and Medical segment's revenue was HKD 409,875,000, down from HKD 483,997,000, representing a decrease of approximately 15%[24] - The Food Supply Chain segment achieved revenue of HKD 133,397,000, compared to HKD 198,669,000 in the previous year, indicating a decline of about 33%[24] Assets and Liabilities - Total assets increased to HKD 3,496,284,000 in 2023 from HKD 1,491,038,000 in 2022, representing a growth of 134%[9] - Total liabilities rose to HKD 2,185,049,000 in 2023 compared to HKD 1,302,865,000 in 2022, marking an increase of 68%[10] - The company's equity attributable to owners increased to HKD 850,530,000 in 2023 from HKD 188,292,000 in 2022, reflecting a growth of 352%[9] - Cash and cash equivalents decreased to HKD 137,372,000 in 2023 from HKD 613,996,000 in 2022, a decline of 78%[10] - Trade and other receivables increased significantly to HKD 1,560,456,000 in 2023 from HKD 340,336,000 in 2022, an increase of 359%[9] - The company reported a total of HKD 209,772,000 in inventories for 2023, up from HKD 36,583,000 in 2022, indicating a growth of 472%[9] - Long-term borrowings increased to HKD 288,156,000 in 2023 from HKD 0 in 2022, showing a new debt acquisition[10] - The company's total equity and liabilities amounted to HKD 3,496,284,000 in 2023, consistent with total assets[10] Strategic Plans and Market Position - The company plans to continue its market expansion and product development strategies to sustain growth in the upcoming fiscal year[4] - The company plans to continue expanding its operations in the Green Building and New Energy sectors, leveraging the substantial revenue growth observed in these areas[24] - The group plans to continue seeking new green energy opportunities in Fengtai County and Tongcheng City, with the third phase of the 8GW battery construction expected to be completed in Q4 2024[48] - The group has established strategic cooperation agreements for joint development in photovoltaic equipment supply and construction, aiming to enhance its green energy business capabilities[49] - The company aims to leverage business opportunities in green construction and green new energy to provide higher returns for shareholders[39] Corporate Governance and Compliance - The company has adhered to all applicable corporate governance codes, with a noted deviation regarding the dual role of the CEO and Chairman[78] - The company confirmed full compliance with the standards for directors' securities trading throughout the reporting year[79] - The company maintains sufficient public float as required by listing rules as of the reporting year and up to the announcement date[90] - The company was included as a constituent stock in several Hang Seng indices starting March 4, 2024, which is expected to enhance shareholder base and liquidity[76] Employee and Operational Insights - As of December 31, 2023, the group had 1,469 employees, an increase from 639 in the previous reporting year[69] - Total employee costs for the reporting year were approximately HKD 42.3 million, slightly down from HKD 43.2 million in the previous year[69] - The group incurred capital commitments of approximately HKD 418.1 million for the purchase of properties, plants, and equipment, with no such commitments in the previous reporting year[70] Changes and Developments - The company changed its name from "Central Holding Group Co. Ltd." to "Central New Energy Holding Group Limited" effective April 25, 2023[85] - The English stock abbreviation will change from "CENTRAL HOLDING" to "CENTRAL NEW ENERGY" effective June 2, 2023[87] - The company proposed a stock split, converting each existing share with a par value of HKD 0.0025 into four shares with a par value of HKD 0.000625, effective December 22, 2023[62]
中环新能源(01735) - 2023 - 年度业绩