Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 Annual Report 2024 二零二四年年報 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 Annual Report 2024 二零二四年年報 CHAIRMAN'S STATEMENT AND MANAGEMENT DISCUSSION AND ANALYSIS 主席報告以及管理層討論及分析 On behalf of the board (the "Board") of directors (the"Directors") of Continental Aerospace Technologies Holding Limited (the"Company"), I am pleased to present the annual results of the Company and its subsidiaries (the "Group") for the year ended 31 Dec ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 (於百慕達註冊成立之有限公司) （股份代號：232） 截至二零二四年十二月三十一日止年度之全年業績公告 大陸航空科技控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈，本公司 及其附屬公司（「本集團」）截至二零二四年十二月三十一日止年度之綜合業績連同二 零二三年之比較數字。 綜合損益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收益 | 4 | 1,805,382 | 1,830,186 | | 銷售成本 | | (1,328,679) | (1,262,612) | | 毛利 | | 476,703 | 567,574 | | ...

Financial Performance - The group recorded revenue of HKD 781,805,000 for the first half of 2024, a decrease of 15.8% compared to HKD 928,696,000 in 2023[4] - Gross profit for the first half of 2024 was HKD 200,851,000, down from HKD 296,325,000 in the same period last year[4] - The group reported a net profit of HKD 7,053,000, significantly lower than HKD 80,480,000 in 2023, primarily due to a loss of HKD 3,277,000 in the general aviation piston engine business[4] - Basic and diluted earnings per share were HKD 0.08, compared to HKD 0.87 in 2023[4] - The return on equity was 0.2%, down from 2.8% in the previous year[4] - For the six months ended June 30, 2024, the company reported revenue of HKD 781,805,000, a decrease of 15.8% compared to HKD 928,696,000 for the same period in 2023[39] - Gross profit for the same period was HKD 200,851,000, down 32.2% from HKD 296,325,000 year-over-year[39] - The pre-tax profit for the period was HKD 8,567,000, a significant decline of 75.5% compared to HKD 34,945,000 in the prior year[39] - Net profit attributable to equity holders of the company was HKD 7,053,000, down 91.2% from HKD 80,480,000 year-over-year[39] - The company reported a gross margin of 25.7%, down from 31.9% in the previous year[39] - Other comprehensive loss for the period was HKD (14,422,000), compared to a gain of HKD 3,601,000 in the previous year[41] Operational Challenges - The group faced significant supply chain challenges and increased operational costs, impacting revenue and gross profit[5] - The company incurred research and development costs of HKD 22,294,000, a decrease of 19.1% from HKD 27,522,000 in the previous year[39] - The company reported a profit from the sale of an associate of HKD (10,011,000) for the six months ended June 30, 2024, compared to no such profit in 2023[57] - The overall cash flow from operating activities was significantly impacted by the changes in working capital, leading to a net cash outflow[80] Assets and Liabilities - As of June 30, 2024, the group's current assets totaled HKD 1,682,058,000, a decrease from HKD 1,741,669,000 as of December 31, 2023[18] - The total equity of the group was HKD 2,941,575,000 as of June 30, 2024, down from HKD 2,995,461,000 as of December 31, 2023[18] - Total assets decreased to HKD 3,420,892,000 as of June 30, 2024, down from HKD 3,472,205,000 at the end of 2023[44] - Current liabilities decreased to HKD 474,786,000 from HKD 506,859,000 at the end of 2023[44] - The company’s total equity as of June 30, 2024, was HKD 2,941,575,000, down from HKD 2,995,461,000 at the end of 2023[44] - The company recognized a deferred tax asset of HKD 49,920,000 due to expected taxable profits from its U.S. subsidiary, Continental Aerospace Technologies Inc.[60] Investments and Innovations - The "Blue Marlin Project" for new North American facilities has been completed, and two new crankcase machining centers are in pre-production approval[8][9] - The group submitted the CD-170R engine model certification to the European Union Aviation Safety Agency (EASA), marking a significant innovation milestone[9] - A strategic partnership was announced with APUS Zero Emission GmbH to explore sustainable piston engine technology[10] - The group plans to leverage innovative technologies and products to expand into new general aviation product segments and markets[26] Shareholder Information - Major shareholders include 中航國際（香港）集團 with a 26.03% stake and Tacko International Limited with a 20.37% stake[32] - The company did not declare or propose any dividends for the six months ended June 30, 2024, while a final dividend of HKD 46,517,000 was approved by shareholders for the previous year[63] Cash Flow and Working Capital - Cash flow from operating activities showed a net outflow of HKD (141,253,000) compared to an inflow of HKD 60,650,000 in the same period last year[47] - Cash flow from investing activities resulted in a net inflow of HKD 51,118,000, a recovery from a net outflow of HKD (209,412,000) in the previous year[47] - Inventory increased by HKD 150,565,000 and trade receivables increased by HKD 21,043,000 during the reporting period, indicating a significant rise in working capital requirements[80] - The decrease in contract assets was HKD 16,756,000, while contract liabilities increased by HKD 46,928,000, reflecting changes in revenue recognition and customer advances[80] Compliance and Audit - The financial review was conducted in accordance with Hong Kong Accounting Standards, ensuring compliance with regulatory requirements[84] - The auditor did not find any issues that would lead to a belief that the interim financial data was not prepared in accordance with the relevant accounting standards[84]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 簡明綜合損益表 本公司普通股權益持有人應佔每股盈利 基本及攤薄 7 0.08港仙 0.87港仙 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 (於百慕達註冊成立之有限公司) （股份代號：232） 截至二零二四年六月三十日止六個月之 中期業績公告 Continental Aerospace Technologies Holding Limited大陸航空科技控股有限公司（「本 公司」）之董事（「董事」）會（「董事會」）宣佈，本公司及其附屬公司（「本集團」）截至二 零二四年六月三十日止六個月之未經審核簡明綜合業績連同上年同期之比較數字。 | --- | --- | --- | --- | |--------------------------------------------------------------------- ...

Community Engagement - The Group engaged in 159 hours of volunteer work and contributed over US$8,000 to various community activities, including sponsoring sports events and supporting food banks[8]. - The Group's commitment to community investment focuses on supporting disadvantaged groups through various initiatives[31]. Employee Management - The employee turnover rate decreased to 11% in 2023 from 20% in 2022, showing improvements across gender and age groups[24]. - As of December 31, 2023, the Group had 567 employees, with total wages and salaries amounting to HK$241,520,000, an increase from HK$216,715,000 in 2022[95]. - In 2023, the total number of employees decreased to 378 from 390 in 2022, representing a reduction of approximately 3.08%[122]. - The number of full-time employees decreased from 380 in 2022 to 375 in 2023, a decline of approximately 1.32%[122]. - The Group maintains a diverse and inclusive working environment, believing that employees significantly impact product and service quality, and strives for long-term sustainable development[113][114]. - Employee development and engagement are prioritized, with a commitment to fostering a skilled and proactive workforce[129]. - The Group has comprehensive human resources management policies, regularly reviewing remuneration packages to ensure competitiveness and attract top talent[116]. - The Group's workforce includes 289 male employees and 89 female employees, with a gender ratio of approximately 76.3% male to 23.7% female[122]. Environmental Performance - The Group achieved over a 30% reduction in treatable wastewater during the reporting period, exceeding its annual target of a 1% reduction[33]. - The Group has set a target to reduce greenhouse gas emissions and is actively working on waste reduction initiatives[12]. - The Group aims to reduce treatable wastewater by 1% per year, achieving a 30% reduction during the reporting period[128]. - The Group has not experienced any major environmental accidents during the reporting period[40]. - The total consumption of packaging material used for finished products was 198.06 tonnes in 2023, up from 178.01 tonnes in 2022, reflecting an increase of 11.3%[38]. - The Group is committed to reducing total electricity consumption by 1% annually as part of its energy management strategy[60]. - In 2023, the total electricity consumption was 15.23 million kWh, an increase from 14.41 million kWh in 2022, representing a growth of 5.7%[35]. - Fuel oil consumption decreased significantly from 2,621.76 million kWh in 2022 to 923.79 million kWh in 2023, a reduction of 64.8%[35]. - Total energy consumption for 2023 was 10,075.61 million kWh, down from 12,192.41 million kWh in 2022, indicating a decrease of 17.4%[35]. - Water consumption increased to 41,105.22 cubic meters in 2023 from 30,760.00 cubic meters in 2022, marking a rise of 33.4%[35]. Governance and Compliance - There were no legal cases regarding corrupt practices against the Group or its employees during the reporting period[31]. - The Group has established an internal integrity system and an audit committee to enhance governance practices and prevent misconduct[3]. - The Group has established effective whistle-blowing procedures to report misconduct while ensuring confidentiality for employees[4]. - The Group has no significant contingent liabilities as of December 31, 2023, maintaining compliance with all relevant laws and regulations throughout 2023[99][100]. - The company emphasizes transparency, accountability, and responsibility in its corporate governance practices[164]. - For the year ended December 31, 2023, the company complied with all code provisions of the Corporate Governance Code[165]. - The company has a commitment to regularly review and improve its corporate governance practices[163]. - All Directors confirmed compliance with the required standards set out in the Model Code throughout the year ended December 31, 2023[168]. - The company has established written guidelines for employees regarding securities transactions to prevent insider trading[168]. - The company has independent non-executive Directors with diverse backgrounds and extensive experience in various industries[153][157]. - The Company has adopted a board diversity policy to maintain competitive advantage, currently comprising one female and eight male Directors[188]. - The Company has implemented and complied with all provisions of the Corporate Governance Code as of December 31, 2023[179]. - The Nomination Committee evaluates candidates for Director appointments and submits recommendations to the Board for approval[187]. - The Company emphasizes transparency, accountability, and responsibility to maintain good corporate governance practices[179]. - The Board is responsible for the overall strategy of the Group and monitoring its financial performance[190]. Financial Performance - As of December 31, 2023, the Group's current assets amounted to HK$1,741,669,000, an increase from HK$1,509,210,000 in 2022[80]. - The Group's total equity as of December 31, 2023, was HK$2,995,461,000, compared to HK$2,818,891,000 in 2022, reflecting a growth in equity[80]. - The Group recorded administrative expenses of HK$311,185,000 in 2023, up from HK$293,665,000 in 2022, indicating a rise in operational costs[78]. - The Group's gearing ratio decreased to 8.8% in 2023 from 9.4% in 2022, showing improved capital structure[80]. - The Group recorded a share of loss from an associate of HK$4,112,000 in 2023, down from HK$8,390,000 in 2022, indicating improved performance[78]. - No material acquisitions or disposals occurred during the current year, maintaining a stable operational focus[82]. Operational Efficiency - The successful implementation of the new ERP system transitioned from the outdated Macola system to Oracle NetSuite, enhancing operational efficiency[73]. - The company achieved a record delivery volume in 2023, reflecting the success of the Bluefin Tuna project aimed at improving manufacturing efficiency[53]. - The Blue Marlin project was completed, improving manufacturing efficiency and achieving the highest delivery volumes in 2023[68]. - The time between replacements for the CD-170 and CD-300 engines increased from 1,200 hours to 1,800 hours and 2,000 hours respectively, enhancing customer value[54]. - The Group will leverage innovative technology and data analytics to enhance operational efficiency and reduce costs[124]. - The Group plans to fully implement World Class Manufacturing (WCM) practices in all factories by 2024, aiming for the highest standards of efficiency, quality, and innovation[105][107]. - The Group will focus on expanding its global service network and introducing innovative solutions to capture new market segments and drive revenue growth[109]. Leadership and Management - Mr. Huang Yongfeng has been the chairman of the company since April 1, 2022, and has extensive experience in financial management and mergers and acquisitions[133]. - Mr. Li Peiyin, appointed as an executive director on April 1, 2022, has over 11 years of experience in corporate financial management and is currently the head of the finance department[139]. - Mr. Zhang Zhibiao, appointed as an executive director on April 3, 2023, has over 25 years of experience in management, aviation business, and strategic development[137]. - Mr. Yu Xiaodong has been appointed as the Chief Executive Officer since April 1, 2022, and has extensive experience in international trade and project management[148]. - The company is focused on expanding its operations in the aviation manufacturing and operation sectors, leveraging the expertise of its executive team[133]. - The diverse experience of the board members in various industries supports the company's strategic initiatives and operational efficiency[139]. - The executive team has a strong educational background, with degrees from prestigious institutions such as Peking University and Nankai University[135][137]. - The company aims to enhance its market position through strategic acquisitions and partnerships in the aviation sector[133]. Future Outlook - The Group anticipates a modest contraction in real GDP of approximately 0.5% between the first and third quarters of 2024, which would be the smallest contraction among the 12 post-World War II economic recessions[96][104]. - The Group plans to strategically expand market share and target untapped opportunities in 2024, focusing on integrating cutting-edge technologies[131].

智通财经APP获悉，大陆航空科技控股(00232)涨近5%，截止发稿涨4.92%，报0.128港元，成交额323万港元。 消息面上，4月18日，大陆航空科技(Continental)，大陆航空科技控股有限公司的子公司，在德国自豪地宣布推出其最新的CD-170R航空煤油活塞发动机。基于数十年的创新，大陆航空科技将其CD-100系列进行了不断的扩展，本次推出的CD-170R将其扩展到旋翼飞行器的应用平台。目前，大陆航空科技已向欧洲航空安全局(EASA)提交了发动机认证文件，并预计于今年晚些时候获得认证。 据悉，公司截至2023年12月31日止年度业绩，该集团期内取得收益18.3亿港元，同比增加9.89%;公司拥有人应占溢利1.62亿港元，同比增加219.11%;每股基本盈利1.74港仙;拟派发末期股息每股0.5港仙。公告称，截至2023年12月31日止年度的溢利大幅增加乃主要由于公司一间美国附属公司于2023年度开始产生应课税溢利，对其过往年度所得税损失确认了递延所得税项抵免;及2022年的溢利包括其他无形资产减值。 ...

購入、贖回或出售本公司上市證券 本公司或其任何附屬公司於截至二零二三年十二月三十一日止年度內概無購入、贖 回或出售本公司任何上市證券。 董事進行證券交易的標準守則 本公司已採納了載於上市規則附錄C3的上市發行人董事進行證券交易的標準守則 （「標準守則」）作為本公司董事進行證券交易的行為守則。在作出特定查詢後，所有 董事確認彼等於截至二零二三年十二月三十一日止年度已遵守標準守則所載的規 定。 經由審核委員會審閱 本公司之審核委員會已審閱本集團截至二零二三年十二月三十一日止年度之全年 業績。 19 暫停股份過戶登記 本公司將於二零二四年五月二十八日（星期二）至二零二四年五月三十一日（星期五） （包括首尾兩日）暫停辦理股份過戶登記手續，期間不會辦理股份過戶登記手續，以 決定出席本公司將於二零二四年五月三十一日舉行之應屆股東週年大會（「股東週年 大會」）並於會上投票的權利。為確保出席股東週年大會並於會上投票的權利，本公 司之未登記股東應確保所有股份轉讓連同有關股票及填妥的過戶表格於二零二四 年五月二十七日（星期一）下午四時三十分前送抵本公司之香港股份過戶登記分處香 港中央證券登記有限公司辦理股份過戶登記手續，地址為香 ...

Continental Aerospace Technologies Holding Limited 大 陸 航 空 科 技 控 股 有 限 公 司 (於百慕建註冊成立之有限公司) 股份代號 : 232 主席報告以及管理層討論及分析 3 公司資料 2 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 二零二三年中期報告 3 二零二三年上半年，本集團錄得收益928,696,000港元（二零二二年：853,449,000 港元）及毛利296,325,000港元（二零二二年：239,132,000港元）。本集團錄得本 期溢利80,480,000港元（二零二二年：58,350,000港元），主要是由於通用航空 飛機活塞發動機業務錄得本期溢利78,978,000港元（二零二二年：56,640,000港 元）。 期內，本集團只有一個須呈報之經營分部－通用航空飛機活塞發動機業務，從事 通用航空飛機活塞發動機及備件的設計、開發及生產、以及提供活塞發動機的售 後市場服務及支援。 業務回顧（續） 在通用航空領域，據通用航空製造商協會（「GAMA」）報告 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司 (於百慕達註冊成立之有限公司) 232 （股份代號： ） 截至二零二三年六月三十日止六個月之 中期業績公告 Continental Aerospace Technologies Holding Limited 大陸航空科技控股有限公司（「本 公司」）之董事（「董事」）會（「董事會」）宣佈，本公司及其附屬公司（「本集團」）截至二 零二三年六月三十日止六個月之未經審核簡明綜合業績連同上年同期之比較數字。 簡明綜合損益表 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） （經重列） 附註 千港元 千港元 4 928,696 853,449 收益 (632,371) (614,317) 銷售成本 296,325 239,132 毛利 16,449 13,661 ...

年報 AND ANALYSIS 主席報告以及管理層討論及分析 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------- ...