CN ENGY STORAGE(01143)

Search documents
中国储能科技发展(01143) - 2024 - 年度财报
2025-04-30 08:40
Financial Performance - Revenue from continuing operations decreased from approximately HK$491.6 million in 2023 to approximately HK$479.3 million in 2024, representing a decline of about 2.3%[14]. - Profit for the year from continuing operations increased from HK$4.9 million in 2023 to HK$6.5 million in 2024, a growth of approximately 32.7%[7]. - Profit attributable to owners of the Company rose from HK$5.3 million in 2023 to HK$8.0 million in 2024, marking an increase of approximately 50.9%[7]. - For the year ended December 31, 2024, the Group recorded total revenue of HK$479.3 million, a decrease from HK$491.6 million in 2023[74]. - Gross profit decreased by 6.2% from HK$131.8 million to HK$123.6 million, with a slight decline in gross profit margin by 1.0% due to changes in product mix[83]. - Other income rose from approximately HK$13.1 million in 2023 to approximately HK$17.9 million in 2024, primarily due to increased interest income and compensation related to intangible assets[89]. Revenue Segmentation - The Group generated approximately HK$11.9 million in revenue from real estate supply chain services and energy storage products segments in 2024[15]. - The EMS segment revenue increased by approximately HK$10.9 million in 2024, primarily due to growth in the European market[22]. - For the year ended December 31, 2024, the revenue from the Electronic Manufacturing Services (EMS) segment increased by 2.5% to HK$455.1 million, compared to HK$444.2 million in 2023[27]. - Revenue from the Distribution segment decreased by 98.0% to HK$0.2 million, down from HK$10.4 million in 2023, due to declining demand for business telephone systems in North America[27]. - Revenue from the Real Estate Supply Chain Services and Energy Storage Products (RES and ESP) segment decreased by approximately 40.1% to HK$11.9 million, down from HK$19.8 million in 2023, primarily due to a decrease in the energy storage business[32]. Financial Position - As of December 31, 2024, the Group had bank and cash balances totaling approximately HK$312.1 million, up from HK$271.6 million in 2023[24]. - Total assets increased from HK$776.4 million in 2023 to HK$880.1 million in 2024, reflecting a growth of approximately 13.3%[7]. - Total liabilities rose from HK$287.7 million in 2023 to HK$343.3 million in 2024, an increase of approximately 19.4%[7]. - The current ratio remained healthy at 2.7 times as of December 31, 2024, compared to 2.6 times in 2023[103]. Cash Flow and Investments - The Group's securities and other assets investment contributed revenue of approximately HK$19.0 million, down from HK$27.3 million in 2023[33]. - The Group plans to actively seek investment opportunities to broaden its revenue base and enhance future financial performance[120]. - Capital expenditure for 2024 was HK$2.5 million, with capital commitments of HK$1.0 million as of December 31, 2024, primarily related to the acquisition of plant and machinery[109]. Credit and Loan Management - The Group's money lending operations generated revenue of approximately HK$0.2 million, accounting for approximately 0.03% of overall revenue, with an operating profit of approximately HK$0.5 million[36]. - The Group's money lending business is focused on unsecured loans, with all loans collected during the year at an interest rate of 10% per annum[35]. - The Group maintains strict credit policies and controls to mitigate credit risks, including thorough credit assessments and compliance with anti-money laundering regulations[45]. - The Group's impairment loss assessments are based on expected credit loss (ECL) requirements under HKFRS 9, regularly evaluating loans and interest receivables[54]. - The management continuously monitors the credit quality of each borrower to minimize exposure to credit risk[60]. Share Options and Equity - The 2020 Share Option Scheme was adopted on March 10, 2020, replacing the 2010 Share Option Scheme[123]. - On January 28, 2021, 35,671,850 share options were granted to certain Directors and employees under the 2020 Share Option Scheme[128]. - The company proposed the adoption of the 2023 Share Option Scheme and 2023 Share Award Plan at the 2023 AGM, which was approved by shareholders[130]. - The maximum entitlement for each participant under the 2023 Share Award Plan is capped at 1% of the issued share capital of the Company within any 12-month period[145]. - The company terminated the 2020 Share Option Scheme during the 2023 AGM[130]. Corporate Governance - The Board of Directors consists of five executive directors and three independent non-executive directors, with independent directors accounting for over one-third of the Board[198]. - The company has complied with the Corporate Governance Code throughout the year ended December 31, 2024, except for deviations in code provisions C.2.1 and C.1.6[190]. - The company does not have a designated chief executive officer, which deviates from code provision C.2.1[191]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all directors for the year ended December 31, 2024[197].
中国储能科技发展(01143) - 2024 - 年度业绩
2025-03-31 14:59
Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 479,317,000, a decrease of 2.4% compared to HKD 491,597,000 for the previous year[2] - The gross profit for the fiscal year 2024 was HKD 123,601,000, down from HKD 131,755,000 in 2023, representing a decline of 6.2%[2] - The operating expenses increased to HKD 99,076,000 in 2024 from HKD 85,599,000 in 2023, marking an increase of 15.7%[2] - The net profit from continuing operations for the fiscal year 2024 was HKD 6,457,000, compared to HKD 4,881,000 in 2023, reflecting a growth of 32.3%[3] - The company reported a basic earnings per share of HKD 3.87 for continuing operations, up from HKD 3.06 in the previous year, indicating an increase of 26.5%[3] - The company reported a net profit of HKD 6,328,000 for the year ending December 31, 2024, compared to HKD 5,165,000 in 2023, representing a year-over-year increase of approximately 22.5%[4] - Total comprehensive income for the year was HKD (5,267,000), a significant increase from HKD (2,985,000) in the previous year, indicating a worsening in comprehensive income[4] Revenue Breakdown - Revenue from external customers for the year ended December 31, 2024, was HKD 479,317,000, compared to HKD 491,597,000 for the year ended December 31, 2023, reflecting a slight decrease[19] - The revenue from electronic manufacturing services was HKD 455,081,000 for the year ended December 31, 2024, compared to HKD 444,171,000 for the previous year, indicating an increase[19] - Revenue from major customer A was HKD 230,641,000 in 2024, slightly down from HKD 235,380,000 in 2023, indicating a decline of about 2.9%[21] - Revenue from the United States market increased from HKD 99,263,000 in 2023 to HKD 112,459,000 in 2024, reflecting a growth of approximately 13.3%[22] - Revenue from the Chinese market (including Hong Kong) decreased from HKD 84,928,000 in 2023 to HKD 56,729,000 in 2024, a decline of about 33.2%[22] - Revenue from Thailand increased significantly from HKD 13,034,000 in 2023 to HKD 27,103,000 in 2024, representing a growth of approximately 108.5%[22] - Revenue from Switzerland decreased from HKD 62,894,000 in 2023 to HKD 55,882,000 in 2024, a decline of about 11.1%[22] Expenses and Costs - Research and development expenses for the fiscal year 2024 were HKD 12,835,000, slightly down from HKD 13,092,000 in 2023, a decrease of 2.0%[2] - The total cost of sales for 2024 was HKD 355,716,000, a minor decrease from HKD 359,842,000 in 2023, reflecting a reduction of 1.6%[2] - Selling and distribution expenses were HKD 38,400,000, representing about 8.0% of total revenue, up from 7.4% in 2023[52] - Administrative expenses rose to HKD 99,100,000, accounting for 20.7% of total revenue, compared to 17.4% in 2023[53] Assets and Liabilities - The company's total assets reached HKD 880,137,000 in 2024, up from HKD 776,418,000 in 2023, reflecting a growth of about 13.4%[5] - Current assets increased to HKD 801,491,000 in 2024, compared to HKD 705,931,000 in 2023, marking a rise of approximately 13.5%[5] - Non-current assets totaled HKD 70,487,000 in 2024, down from HKD 78,646,000 in 2023, indicating a decrease of about 10.3%[5] - Total liabilities amounted to HKD 391,412,000 in 2024, an increase from HKD 239,533,000 in 2023, representing a rise of about 63.4%[9] - The company's equity attributable to shareholders was HKD 486,663,000 in 2024, compared to HKD 536,531,000 in 2023, showing a decline of approximately 9.3%[7] Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to drive future growth[2] - The company has indicated a focus on strategic acquisitions to enhance its competitive position in the market[2] - The company is focusing on technological innovation and optimizing business models to capture opportunities in the energy storage market driven by policy and market demand[70] - The company is closely monitoring market conditions and will adjust its business development strategies as necessary in response to global economic challenges[71] - The company aims to achieve a revenue growth target of 15% year-over-year in the upcoming fiscal year[87] Governance and Compliance - The consolidated financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants[10] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting[12] - The audit committee consists of three independent non-executive directors and is responsible for overseeing the financial reporting process and internal controls[83] - The company has complied with the corporate governance code, except for deviations noted in specific rules regarding the separation of roles between the chairman and CEO[79][80] Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings to drive growth[87] - The company is investing in new product development and technological advancements to stay competitive in the industry[87] - Ongoing research and development efforts are expected to yield new innovations within the next 12 months[87] - User engagement metrics have improved by 20%, indicating a positive trend in customer satisfaction[87]
尾盘暴跌超75%!港股中国储能科技发展怎么了?专家:频繁跨界需警惕
Zheng Quan Shi Bao Wang· 2024-10-25 04:28
10月24日,港股中国储能科技发展(01143.HK)尾盘一度暴跌88%,截至收盘跌75.46%,成交额1.21亿 港元,换手率33.879%,振幅87.732%。 当日大跌导致公司市值大幅缩水至1.19亿港元。 公开资料显示,中国储能科技发展于2010年成立,2011年1月即实现登陆港股。 上市之初,公司主营业务分为电子制造服务和分销业务,电子制造服务包括电器和电器控制产品,分销 业务则主要包括电讯产品、多媒体产品和电脑配件的推广和分销。 此后,中国储能科技发展频频切入医疗、储能等资本市场热点概念。 不过,主营业务方面,公司目前仍是一家主要从事电子制造相关业务的投资控股公司。 中国储能科技发展通过两个业务分部进行运营。 电子制造服务分部从事提供电子制造服务业务。 电讯产品分销分部从事市场推广及分销电讯产品业务。 该供公司也通过其子公司从事物业投资、买卖美容护肤产品及电子医疗设备,以及提供咨询代理服务业 务。 中国储能科技发展上市后业绩频频亏损。 2014年至2023年,公司连续10年主业亏损。 2024年上半年财报显示,公司上半年收入为2.65亿港元,同比增长15.86%,股东应占亏损为390.8万港 元, ...
中国储能科技发展(01143) - 2024 - 中期财报
2024-09-30 09:43
Revenue Performance - Revenue increased by approximately HK$36.2 million or 15.8% to approximately HK$264.7 million for the period ended 30 June 2024, compared to HK$228.5 million for the same period in 2023[5] - EMS segment revenue rose by approximately HK$49.6 million or 25.1% to approximately HK$247.4 million for the period ended 30 June 2024, up from HK$197.8 million in 2023[5] - Revenue from the distribution of Communication Products decreased by 97.6% to HK$0.2 million for the period ended 30 June 2024, down from HK$8.2 million in 2023[5] - Revenue from Real Estate Supply Chain Services increased by 11.6% to HK$4.8 million for the period ended 30 June 2024, compared to HK$4.3 million in 2023[5] - Securities and Other Assets Investment segment contributed approximately HK$12.2 million in revenue for the six months ended 30 June 2024, down from HK$18.0 million in 2023[5] - The revenue growth in the EMS segment was attributed to the easing of pandemic-related market conditions in 2024[5] - Revenue contributions from major European countries totaled HK$95.4 million, accounting for 36.0% of the Group's total turnover[27] - The US market contributed HK$71.7 million in revenue, representing 27.1% of total turnover[27] - Revenue from the People's Republic of China and other countries amounted to HK$33.3 million and HK$64.3 million, respectively[27] - Revenue for the six months ended June 30, 2024, was HK$247,369,000, a significant increase of 25.0% compared to HK$197,813,000 for the same period in 2023[128] - The Group's revenue from external customers for the six months ended June 30, 2024, was HK$264,698,000, up from HK$228,457,000 in 2023, indicating a growth of 15.9%[128] Financial Position and Performance - The loss attributable to owners of the Company was HK$3.9 million for the period ended 30 June 2024, with a net profit margin of -1.5%, an improvement from -2.1% in 2023[30] - As of 30 June 2024, the Group's current ratio was 2.8 times, up from 2.6 times on 31 December 2023, with cash and cash equivalents totaling HK$293.0 million[34] - Total borrowings increased to approximately HK$7.8 million as of 30 June 2024, compared to HK$4.8 million on 31 December 2023[34] - The gearing ratio was 37.7% as of 30 June 2024, slightly up from 37.1% on 31 December 2023[34] - The Group reported a total comprehensive income for the period of HK$(10,745,000) for the six months ended June 30, 2024[95] - The accumulated losses as of June 30, 2024, were HK$(535,408,000)[95] - The cash and cash equivalents at the end of the period stood at HK$293,045,000, compared to HK$255,479,000 at the end of the previous period[98] - Total assets as of June 30, 2024, amounted to HK$798,098,000, an increase from HK$776,418,000 as of December 31, 2023[88] - Current assets increased to HK$743,399,000 from HK$705,931,000, reflecting a growth in liquidity[88] - Non-current assets decreased to HK$54,699,000 from HK$70,487,000, indicating a reduction in long-term asset holdings[88] - Total liabilities increased to HK$300,642,000 from HK$287,693,000[91] Money Lending Business - As of June 30, 2024, the Group's money lending segment generated revenue of approximately HK$0.1 million, accounting for about 0.04% of overall revenue[7] - The operating loss from the money lending business segment amounted to approximately HK$0.2 million as of June 30, 2024[7] - The Group had 4 active loan accounts as of June 30, 2024, all of which were individual customers[7] - The percentage of loans and interest receivables from the four customers ranged from approximately 20.5% to 33.4% of the total loans and interest receivables under the money lending segment[7] - The Group's loan portfolio as of June 30, 2024, consisted of 4 unsecured loans totaling HK$2.39 million, with an interest rate of 10% per annum[9] - The gross amount of loan and interest receivables as of June 30, 2024, was HK$2.39 million, with an allowance for expected credit losses of HK$748, resulting in a net amount of HK$1.85 million[10] - The Group plans to explore further potential money lending business opportunities while maintaining effective controls for loan approvals and credit monitoring[7] - The source of funds for the money lending business is generally funded by the internal resources of the Group[7] - The management remains alert and will prudently maintain compliance matters applicable to all aspects of the money lending business[7] - The Group's money lending business is newly commenced and focused on unsecured loans, with no specific target customer group identified[7] Impairment and Credit Risk Management - The Group's impairment losses primarily relate to loans and interest receivables, assessed based on historical credit loss experience and adjusted for specific debtor factors[18] - Loans are classified into three stages based on credit risk: Stage 1 (no significant increase), Stage 2 (increase in credit risk), and Stage 3 (significant increase and credit-impaired)[18][19] - The expected credit loss (ECL) model considers the expected life and contractual terms of financial instruments, market probability of default, and forward-looking market data[18][19] - The Group regularly reviews each loan grouping to ensure similar credit risk characteristics among constituents[18] - Management determines loan amounts and interest rates based on the financial strength and repayment ability of borrowers and guarantors[18] - The Group has established strict credit policies and controls to mitigate all associated credit risks[15] - The management is responsible for assessing and approving loans within predetermined credit limits[15] - The Group has intensified efforts in the recovery procedures for loans receivables to minimize potential credit losses[15] - Legal actions will be taken on a case-by-case basis to minimize any possible credit losses, considering normal market practices[15] Share Options and Capital Management - A total of 35,671,850 share options were granted on 28 January 2021, and 53,328,000 share options were granted on 14 June 2022, both under the 2020 Share Option Scheme[67] - On 8 June 2023, the adoption of the 2023 Share Option Scheme and Share Award Plan was approved by shareholders[67] - A total of 15,695,082 share options were granted on 3 November 2023 under the 2023 Share Option Scheme[68] - The weighted average closing price of the shares before the exercise of options during the six months ended 30 June 2024 was HK$2.19 per share[68] - The total number of shares that may be issued in respect of options granted under all schemes during the six months ended 30 June 2024 was approximately 9.2% of the weighted average number of shares in issue for that period[68] - The share options scheme aims to reward and recognize the contributions of grantees to the Group[73] - The share options granted during the six months ending June 30, 2024, were not exercised[69] - The share options scheme does not include a clawback mechanism[72] - The Company did not grant any share options to directors or senior managers during the six months ended June 30, 2024[80] Operational and Strategic Focus - The company continues to assess its business strategies in response to the uncertain global economic environment[5] - The Group aims to enhance its product portfolio, particularly in energy storage and clean energy, to align with China's renewable energy development[58] - The Group plans to focus on strategic objectives in the second half of 2024, enhancing core competitiveness through channel optimization and customer service improvements[58] - The external development environment remains challenging in the post-pandemic era, requiring prompt and effective responses to maintain competitiveness[58] Compliance and Governance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the Group's accounting principles and the unaudited interim financial statements for the six months ended June 30, 2024[63] - The Board does not recommend the payment of an interim dividend for the period (2023: nil) [65] - The company ensures compliance with applicable laws and regulations, particularly the Money Lenders Ordinance and AML & CTF regulations[21] - The company is listed on the Hong Kong Stock Exchange under stock code 1143[194]
中国储能科技发展(01143) - 2024 - 中期业绩
2024-08-29 12:14
Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 264,698,000, representing an increase of 15.9% compared to HKD 228,457,000 for the same period in 2023[2] - Gross profit for the same period was HKD 73,724,000, up 34.8% from HKD 54,680,000 year-on-year[2] - The company reported a net loss of HKD 4,786,000 for the six months ended June 30, 2024, compared to a loss of HKD 3,691,000 in the prior year, indicating a deterioration in performance[3] - Basic loss per share was HKD 1.96, compared to HKD 2.98 for the same period last year[4] - The group reported a total profit of HKD 3,613,000 for the six months ended June 30, 2024, compared to HKD 3,276,000 for the same period in 2023, indicating an increase of about 10.3%[14] - The group reported a net loss attributable to shareholders of HKD 3,900,000, an improvement from a loss of HKD 4,800,000 in 2023[59] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 798,098,000, an increase from HKD 776,418,000 as of December 31, 2023[7] - Non-current assets decreased to HKD 54,699,000 from HKD 70,487,000 year-on-year, primarily due to a reduction in intangible assets[6] - Current liabilities totaled HKD 266,168,000, slightly down from HKD 272,691,000 in the previous year[7] - The total liabilities of the group were reported at HKD 300,642,000 as of June 30, 2024, compared to HKD 287,693,000 as of March 31, 2023, reflecting an increase of approximately 4.9%[15] - The group’s total liabilities included borrowings of HKD 7,300,000 as of June 30, 2024, compared to HKD 4,300,000 as of March 31, 2023, indicating an increase of approximately 69.8%[15] Revenue Segmentation - The electronic manufacturing services segment generated revenue of HKD 247,369,000, while the telecommunications products segment contributed HKD 211,000, resulting in a combined revenue of HKD 458,369,000 from these two segments[12] - Revenue from China reached HKD 33,301 million, while revenue from the United States was HKD 71,726 million, showing significant contributions from both regions[17] - The group’s total revenue from electronic manufacturing services was HKD 16,183 million for the six months ended June 30, 2024, compared to HKD 16,783 million in the previous year, indicating a slight decline[17] - The group’s total revenue from other regions amounted to HKD 49,064 million for the six months ended June 30, 2024, compared to HKD 36,035 million in the previous year, reflecting growth in other markets[17] Operational Costs - The group incurred a total cost of sales of HKD 190,974 million for the six months ended June 30, 2024, compared to HKD 173,777 million in the previous year, reflecting an increase in operational costs[23] - Sales cost rose by 9.9% to HKD 191,000,000, driven by a 15.8% increase in revenue compared to the same period in 2023[49] - Research and development expenses amounted to HKD 5,376 million for the six months ended June 30, 2024, down from HKD 6,636 million in the same period of 2023[24] - The group’s administrative expenses decreased to HKD 48,800,000 from HKD 51,100,000 in 2023, representing 18.4% of total revenue[55] Cash and Liquidity - The company’s cash and cash equivalents were HKD 293,045,000, reflecting a healthy liquidity position[6] - Cash and cash equivalents amounted to HKD 293,000,000, an increase of HKD 21,400,000 from December 31, 2023[60] Future Outlook and Strategy - The company has not provided specific guidance for future performance but continues to focus on operational efficiency and cost management strategies[8] - The company is exploring opportunities for market expansion and potential acquisitions to enhance its growth prospects[8] - The group anticipates continued growth in the renewable energy sector, particularly in energy storage and clean energy, aligning with China's renewable energy development[72] - The company plans to explore potential lending opportunities while maintaining a reasonable risk and return assessment[34] Governance and Compliance - The company has not appointed any individual as "Chief Executive Officer," which deviates from the guidelines of Rule C.2.1[75] - The Audit Committee consists of three members, all of whom are independent non-executive directors, ensuring compliance with governance standards[77] - The company emphasizes the importance of maintaining a balance of power and accountability between the Board and management[75] - The company is committed to reviewing the feasibility of adhering to the guidelines of Rules C.2.1 and C.1.6[76] Credit Risk Management - The company has implemented strict credit policies and control measures to mitigate credit risk, including thorough credit assessments and monitoring of loan quality[38] - The expected credit loss assessment is based on historical credit loss experience and considers specific factors such as the current economic situation and future forecasts[39] - The company conducts internal credit assessments before approving any loan applications, which include verification of identity and background checks[42] - The management is committed to maintaining effective controls and procedures related to loan approvals and collections to minimize potential credit losses[38]
中国储能科技发展(01143) - 2024 - 年度业绩
2024-07-04 12:25
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 之 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 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 (前稱環亞國際醫療科技集團有限公司) (於開曼群島註冊成立的有限公司) (股份代號:1143) (a) 於二零二一年六月三十日配售事項 所得款項淨額 於二零二三年 十二月三十一日 | 公告日期 | ( 概約) | 所得款項淨額擬定用途 | | | | | | | | | | | | | 所得款項淨額實際用途 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 二零二一年 | 22,210,000港元 | 約10,000,000港元用於 (i) | | | | | | | | | 約 | | | ...
中国储能科技发展(01143) - 2023 - 年度业绩
2024-03-28 14:58
Financial Performance - The company's net profit attributable to owners was HK$5,257 thousand, compared to a loss of HK$54,042 thousand in the previous year[2] - Total comprehensive expenses for the year amounted to HK$2,985 thousand, a significant improvement from the previous year's HK$52,148 thousand[12] - The company's operating profit for 2023 was HK$11.393 million, compared to a loss of HK$44.366 million in 2022[76] - The company's net profit for 2023 was HK$5.165 million, compared to a loss of HK$52.009 million in 2022[76] - Annual profit (loss) for 2023 was HKD 5,165,000, compared to a loss of HKD 52,009,000 in the previous year[90] - The company's profit attributable to owners for the year ended December 31, 2023, was approximately HKD 5,300,000, compared to a loss of HKD 54,000,000 in 2022, with a net profit margin of 1.0% (2022: loss margin of 10.2%)[114] - Non-controlling interests recorded a loss of HKD 92,000 for the year ended December 31, 2023, compared to a profit of HKD 2,000,000 in 2022[190] Revenue and Sales - Revenue from external customers in the Electronics Manufacturing Services segment was HK$444.171 million in 2023, a decrease from HK$502.606 million in 2022[29] - Total revenue for 2023 was HK$501.999 million, down from HK$529.251 million in 2022[28] - Revenue from the Distribution of Communication Products segment dropped to HK$10.402 million in 2023 from HK$18.489 million in 2022[29] - Revenue from the Real Estate Supply Chain Services and Energy Storage Products segment grew to HK$19.846 million in 2023 from HK$7.388 million in 2022[29] - Sales of goods accounted for HK$493.602 million of revenue in 2023, down from HK$521.750 million in 2022[30] - Revenue from real estate supply chain services increased to HK$8.150 million in 2023 from HK$7.388 million in 2022[30] - The group's revenue from real estate supply chain services and energy storage products reached approximately HKD 19,800,000 in 2023, up from HKD 7,400,000 in 2022[40] - Revenue from securities and other asset investments and other businesses contributed approximately HKD 27,300,000 in 2023, compared to HKD 700,000 in 2022[41] - Revenue from electronic manufacturing services decreased by 11.6% to HKD 444,200,000 in 2023, compared to HKD 502,600,000 in 2022[107] - Revenue from the distribution segment decreased by 43.7% to HKD 10,400,000 in 2023, compared to HKD 18,500,000 in 2022[107] - Total revenue for the year ended December 31, 2023, was approximately HKD 502,000,000, a decrease of HKD 27,300,000 compared to the previous year[127] - The electronic manufacturing services and distribution of communication products contributed revenues of approximately HKD 444,200,000 and HKD 10,400,000, respectively, for the year ended December 31, 2023[128] - Revenue from China (including Hong Kong) increased to 84,928 thousand HKD in 2023 from 57,186 thousand HKD in 2022, representing a growth of approximately 48.5%[139] - Revenue from the United States increased to 122,685 thousand HKD in 2023 from 102,579 thousand HKD in 2022, representing a growth of approximately 19.6%[139] - Revenue from Switzerland decreased to 55,882 thousand HKD in 2023 from 94,436 thousand HKD in 2022, representing a decline of approximately 40.8%[139] - The lending business, a new division, generated revenue of approximately 200,000 HKD in 2023, accounting for 0.04% of total revenue, with an operating loss of 1,100,000 HKD[156] - The real estate supply chain services business contributed approximately 19,800,000 HKD in 2023, up from 7,400,000 HKD in 2022, driven by the launch of ESP business[155] - The company's total revenue for 2023 was 501,999 thousand HKD, a decrease from 529,251 thousand HKD in 2022, representing a decline of approximately 5.1%[139] - Revenue from the electronic manufacturing services division for Customer A increased to 235,380 thousand HKD in 2023 from 234,176 thousand HKD in 2022, while Customer B decreased to 68,880 thousand HKD from 85,418 thousand HKD[158] - Total revenue from major European countries (Switzerland, Belgium, and France) decreased to 174,600 thousand HKD in 2023 from 228,300 thousand HKD in 2022, accounting for 34.8% of the group's revenue (2022: 43.1%)[166] - Revenue from the US market increased to 122,700 thousand HKD in 2023 from 102,600 thousand HKD in 2022, representing 24.4% of the group's revenue (2022: 19.4%)[166] - Revenue from China (including Hong Kong) increased to 84,900 thousand HKD in 2023 from 57,200 thousand HKD in 2022, accounting for 16.9% of the group's revenue (2022: 10.8%)[166] - Total revenue for the year ended December 31, 2023, was HKD 502,000,000, down from HKD 529,300,000 in 2022[178] - Revenue from electronic manufacturing services and communication product distribution decreased from HKD 521,100,000 in 2022 to HKD 454,600,000 in 2023[175] - The decline in electronic manufacturing services revenue was primarily due to reduced business in the European market[183] Assets and Liabilities - Non-current assets decreased to HK$70,487 thousand from HK$123,835 thousand in the previous year[5] - Total assets increased to HK$776,418 thousand from HK$659,233 thousand, with current assets rising to HK$705,931 thousand from HK$535,398 thousand[16] - The company's equity attributable to owners increased to HK$486,663 thousand from HK$359,862 thousand in the previous year[17] - The company's total equity increased to HK$488,725 thousand from HK$362,016 thousand in the previous year[17] - Total current liabilities decreased slightly to HK$272.691 million in 2023 from HK$276.303 million in 2022[27] - Non-current liabilities decreased to HK$15.002 million in 2023 from HK$20.914 million in 2022[27] - Bank and cash balances as of December 31, 2023, were approximately HKD 271,600,000, an increase of HKD 19,400,000 compared to 2022, with 25.9%, 68.1%, and 6.0% denominated in RMB, USD, and HKD, respectively[115] - The company's borrowings as of December 31, 2023, were approximately HKD 4,800,000, consisting of loans from financial institutions (HKD 4,300,000) and an independent third party (HKD 500,000)[116] - The company's trade receivables (net of provisions) increased to 145,309 thousand HKD in 2023 from 115,354 thousand HKD in 2022, representing a growth of approximately 26%[150] - Non-current assets in China (including Hong Kong) decreased to 70,487 thousand HKD in 2023 from 123,835 thousand HKD in 2022[158] - The group's bank and cash balances totaled approximately 271,600 thousand HKD as of December 31, 2023, compared to 252,200 thousand HKD in 2022[164] - The group's current ratio remained at a healthy level of 2.6 times as of December 31, 2023, compared to 1.9 times in 2022[169] - The company holds a contingent liability of USD 2,600,000 (approximately HKD 20,300,000) related to a dispute with a supplier of a sold subsidiary[191] Expenses and Costs - Gross profit increased to HK$136.867 million in 2023 from HK$101.396 million in 2022[28] - Gross profit increased by 35.0% to HKD 136,900,000 in 2023 from HKD 101,400,000 in 2022, with the gross profit margin rising by 8.1% due to reduced costs from automation and lower material costs post-COVID-19[44] - Sales and distribution expenses increased to HKD 38,000,000 in 2023, up from HKD 30,000,000 in 2022, primarily due to an increase in employee costs of HKD 8,300,000[111] - Administrative expenses decreased to HKD 88,800,000 in 2023, down from HKD 105,000,000 in 2022, mainly due to a reduction in employee costs of HKD 8,200,000[112] - Research and development expenses slightly decreased by HKD 1,300,000 to HKD 13,200,000 in 2023, compared to HKD 14,500,000 in 2022[113] - Financing costs decreased to HKD 3,100,000 in 2023, down from HKD 4,100,000 in 2022, primarily due to a reduction in finance lease liabilities[113] - Cost of sales decreased by 14.7% from HKD 427,900,000 in 2022 to HKD 365,100,000 in 2023, driven by lower sales and reduced material costs post-COVID[179] - The company's sales and distribution expenses, administrative expenses, R&D expenditures, and financing costs are detailed but not quantified[180] Impairment and Losses - The group recorded an overall impairment loss of approximately HKD 7,500,000 in 2023, a decrease of HKD 5,000,000 from HKD 12,500,000 in 2022, mainly due to intangible asset impairment losses and trade receivables impairment losses[44] - The company's loan portfolio had an annual interest rate of 10%, with impairment losses on loans and receivables of approximately 700,000 HKD in 2023[157] Foreign Exchange and Risk Management - Exchange differences on translation of foreign operations resulted in a loss of HK$8,150 thousand, compared to HK$139 thousand in the previous year[11] - The group's foreign exchange risk is minimal as most business transactions, assets, and liabilities are denominated in the functional currencies of the relevant group entities (RMB and USD) or USD for entities with HKD as the functional currency[56] Corporate Governance and Compliance - The company adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, with no significant impact on financial statements[19] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective as of January 1, 2023[135] - The company appointed Ms. Zhang Xiulin as an independent non-executive director and audit committee member to comply with listing rules[187] - The company continues to evaluate compliance with corporate governance codes and will nominate suitable candidates for chairman and CEO roles if necessary[184] Shareholder and Equity Information - The weighted average number of ordinary shares for calculating basic and diluted earnings per share (loss) for the years ended December 31, 2023, and 2022, showed no diluted earnings per share due to the exercise price of share options being higher than the average market price of the shares[38] - The company completed a share consolidation on March 30, 2023, with every 10 shares consolidated into 1 share[64] - The company's share price before the grant of share options on January 28, 2021, was HK$0.35[61] - The company has 1,557,836 share options available for grant as of December 31, 2023[79] - The company changed its name, with the new name registered in the Cayman Islands on September 27, 2023, and confirmed by the Hong Kong Companies Registry on October 13, 2023[80] - The company did not recommend the payment of a dividend for the year ended December 31, 2023 (2022: none)[117] Business Operations and Strategy - The company expects the global economy to face challenges in 2024 due to high interest rates, geopolitical tensions, and military confrontations in Eastern Europe and the Middle East[64] - The company's subsidiary reached a final settlement with a third party in 2017, with a payment of $650,000 (approximately HK$5.1 million), and the group has an outstanding guarantee amount of $650,000 as of December 31, 2023[77] - The company plans to expand its new energy charging and storage equipment production, supply chain services, energy storage system integration, and new energy storage technology businesses to align with China's green development policies[102] - The group's lending business, managed through Be Smart Finance Limited, focused on unsecured loans in 2023 and plans to explore further lending opportunities[165] - The company relies on internally generated cash flows to fund its business operations and capital expenditures[181] Employee and Operational Details - The company employed approximately 930 employees across its operations in Hong Kong, the US, and China as of December 31, 2023[95] - The company has implemented strict credit policies and control measures to mitigate credit risks, including identity verification, repayment capacity assessment, and legal actions to minimize potential credit losses[130] - The company has revised its accounting policy related to long-service payment liabilities following the abolition of the offsetting mechanism, with no significant impact on the financial statements as of December 31, 2022, and December 31, 2023[124] Other Income and Expenses - Loan interest income rose to HK$239,000 in 2023 from HK$89,000 in 2022[30] - Other income increased to 13,100 thousand HKD in 2023 from 9,600 thousand HKD in 2022, primarily due to an increase in bank deposit interest income from 2,700 thousand HKD to 8,900 thousand HKD[168] Trade Receivables and Credit Risk - Trade receivables aged 0 to 90 days increased to HKD 125,406 thousand in 2023 from HKD 96,702 thousand in 2022, while those aged 91 to 180 days rose to HKD 18,436 thousand from HKD 17,704 thousand[39] - The company had 4 active loan accounts as of December 31, 2023, with loans and receivables ranging from 5.1% to 8.3% of total loans and receivables[156] Capital Commitments and Investments - Capital commitments as of December 31, 2023, were approximately HKD 300,000, down from HKD 600,000 in 2022[91]
中国储能科技发展(01143)发盈喜 预计年度取得纯利不超过约600万港元 同比扭亏为盈
Zhi Tong Cai Jing· 2024-03-22 12:08
智通财经APP讯,中国储能科技发展(01143)发布公告,预期集团于截至2023年12月31日止年度取得纯利约不超过600万港元,而集团于2022年同期则取得净亏损约5200万港元。 公告称,未经审核综合纯利的预期增长主要来自集团毛利的增长。毛利增长乃来自电子制造服务分部,原因是相较2022年度,期内,生产自动化带来成本节约及Covid-19疫情危机结束后供应链恢复令材料成本下降。 ...
中国储能科技发展(01143) - 2023 - 中期财报
2023-09-28 08:37
Revenue Performance - Revenue decreased by approximately HK$53.4 million or 18.9% from approximately HK$281.9 million for the period ended 30 June 2022 to approximately HK$228.5 million for the period ended 30 June 2023[7]. - Revenue from the EMS business decreased by 26.8% to HK$197.8 million (2022: HK$270.1 million), while revenue from the distribution of Communications Products decreased by 4.0% to HK$8.2 million (2022: HK$8.6 million)[9]. - Revenue contributions from major European countries totaled HK$60.7 million, accounting for 26.6% of total turnover, down from 36.2% in 2022[22][24]. - The US market contributed HK$56.3 million in revenue, representing 24.6% of total turnover, an increase from 16.7% in 2022[22][24]. - Revenue generated from European countries in the EMS and Distribution business segment decreased by approximately HK$41.4 million or 40.5% for the period ended 30 June 2023[7]. - Revenue from external customers for the six months ended June 30, 2023, was HK$228,457,000, a decrease of 18.99% compared to HK$281,893,000 for the same period in 2022[182]. Profitability and Financial Performance - The Group's gross profit increased by 11.3% to HK$54.7 million, with a gross profit margin of 23.9%, up from 17.4% in 2022[28][33]. - The profit attributable to owners of the Company was HK$4.8 million for the period ended 30 June 2023, a decrease from HK$13.5 million in 2022, with a net profit margin of -2.1% compared to -4.8% in the previous year[49][54]. - Loss for the period narrowed to HK$3,691,000 compared to a loss of HK$12,824,000 in the previous year, representing a 71.2% improvement[166]. - Basic loss per share improved to 2.98 HK cents from 14.16 HK cents in the prior period[164]. - The Group's consolidated loss before tax for the period was HK$1,352,000, significantly improved from a loss of HK$10,934,000 in the same period last year[185]. Expenses and Cost Management - Selling and distribution expenses were HK$14.9 million, accounting for approximately 6.5% of revenue in 2023, slightly up from 5.2% in 2022[38]. - Administrative expenses decreased to HK$51.1 million, representing 22.4% of revenue in 2023, down from 18.9% in 2022[39]. - Research and development expenditure decreased to approximately HK$6.6 million for the period ended 30 June 2023, down from HK$7.3 million in 2022, primarily due to reduced staff costs[40][45]. Cash Flow and Liquidity - The net cash used in operating activities for the first half of 2023 was HK$94,387,000, a significant decline from the net cash generated of HK$33,419,000 in the same period of 2022[174]. - The company generated net cash from investing activities amounting to HK$23,886,000 in the first half of 2023, compared to HK$160,000 in the same period of 2022[174]. - The net cash generated from financing activities was HK$80,634,000 for the six months ended June 30, 2023, a substantial increase from HK$9,688,000 in the prior year[174]. - As of June 30, 2023, cash and cash equivalents at the end of the period were HK$255,479,000, up from HK$189,996,000 at the end of June 2022, reflecting a 34.5% increase[174]. Investment and Capital Expenditure - The Group's capital expenditure amounted to approximately HK$0.8 million, primarily related to the acquisition of plant and machinery for EMS operations[69][73]. - Approximately HK$34.2 million was utilized for the expansion of the Group's product range under the EMS and Distribution Products Businesses, while HK$17.1 million for potential merger and acquisition opportunities remains unutilized as of the report date[96]. Share Capital and Corporate Governance - The total number of issued shares of the Company as of 30 June 2023 was 172,529,185, with a nominal value of HK$0.2 each, following a share consolidation effective on 30 March 2023[58][67]. - The Company completed a subscription of 517,600,000 new shares at a price of HK$0.1855 per share, totaling HK$96,014,800, which represents approximately 42.9% of the existing issued share capital[59][62]. - The Company has complied with the Corporate Governance Code throughout the six months ended 30 June 2023, except for the deviation from code provision C.2.1[104]. - The Board currently comprises seven members, including five executive Directors and two independent non-executive Directors, which is less than the required three independent non-executive Directors[109]. Future Outlook and Strategic Plans - The Group anticipates a positive outlook for the second half of 2023, focusing on steady cash flow from the EMS and Distribution of Communication Products segment[100]. - The Group plans to explore further potential money lending business opportunities while maintaining effective controls and procedures for loan approvals and credit monitoring[16]. - The Group's management is optimistic about the recovery of the global economy and aims to meet the expectations of investors in the market[100]. - The Group continues to focus on its core segments while exploring opportunities for market expansion and new product development[188].
中国储能科技发展(01143) - 2023 - 中期业绩
2023-08-31 11:27
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之內容 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分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。 Link-Asia International MedTech Group Limited 環 亞 國 際 醫 療 科 技 集 團 有 限 公 司 (於開曼群島註冊成立的有限公司) (股份代號:1143) 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 環亞國際醫療科技集團有限公司(「本公司」)董事(「董事」)會(「董事會」)欣 然 宣 佈,本 公 司 及 其 附 屬 公 司(統 稱「本 集 團」)截 至 二 零 二 三 年 六 月 三 十 日止六個月未經審核綜合中期業績。 ...