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，概不就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。 截至2022年12月31日止年度 （於開曼群島註冊成立之有限公司） （股份代號：01164） 截至2022年12月31日止年度業績公告 董事會宣佈本集團截至2022年12月31日止年度之經審核綜合業績，連同截至2021年12月31日止上個 財政年度之比較數字如下： 綜合損益及其他全面收益表 | --- | --- | --- | --- | |-----------------------------|-------|-------------------------|-----------------------| | | 附註 | 2022 年 千港元 | 2021 年 千港元 | | 營業額 銷售成本 | 5 | 3,648,680 (3,500,648) | 3,859,530 (3,771,251) | | | | | | | 毛利 | | 148,032 | 88,279 | | 其他經營收 ...

Financial Performance - Revenue for the year ended December 31, 2021, was HK$3,859,530,000, representing an increase of 35% from HK$2,862,226,000 in 2020[8] - Operating profit for 2021 was HK$246,247,000, up 11.5% from HK$220,855,000 in 2020[8] - Profit for the year attributable to owners of the Company was HK$178,498,000, an increase of 14.9% compared to HK$155,217,000 in 2020[8] - Total revenue for the Group was HK$3,860 million in 2021, reflecting a 35% increase from HK$2,862 million in 2020, primarily due to expanded sales and increased annual trade volume[86] - The Group's profit for 2021 was HK$178 million, representing a year-on-year increase of 15% compared to HK$155 million in 2020[85] - EBITDA for 2021 was HK$248.09 million, up from HK$222.78 million in 2020[82] - The gross profit margin decreased to 2.29% in 2021 from 7.08% in 2020[82] - The net profit margin for 2021 was 4.62%, down from 5.42% in 2020[82] Assets and Liabilities - Total assets as of December 31, 2021, amounted to HK$6,349,575,000, a significant rise of 51.6% from HK$4,187,787,000 in 2020[9] - Total liabilities increased to HK$4,194,352,000 in 2021, compared to HK$2,160,727,000 in 2020, reflecting a growth of 94%[9] - Total current liabilities rose by 209% to HK$3,754 million as of December 31, 2021, from HK$1,214 million in 2020, largely due to the drawdown of a shareholder loan to finance the acquisition[121] - The Group's net current assets were HK$-1,821 million as of December 31, 2021, a decrease of 187% from HK$2,100 million as of December 31, 2020, primarily due to financing the acquisition[109] - The total non-current assets increased by 405% to HK$4,416 million as of December 31, 2021, compared to HK$874 million in 2020, mainly due to the completion of the acquisition of 49% equity interest in Ortalyk[117] Market and Industry Trends - The ongoing pandemic and geopolitical tensions have increased the volatility of natural uranium prices, presenting challenges for natural uranium trade[13] - The broader consensus among countries on the role of nuclear power in achieving carbon neutrality presents new development opportunities for the company[15] - The natural uranium market is expected to continue its recovery in 2022, driven by long-term demand from financial investors who plan to hold their positions without short-term reductions[65] - The nuclear power market is experiencing a real recovery momentum, driven by increased long-term demand from nuclear power plant owners[64] Corporate Governance and Management - The Company is committed to enhancing its corporate governance and environmental, social, and governance (ESG) practices[3] - The Company has adopted and complied with all applicable code provisions of the Corporate Governance Code during the reporting period[158] - The Board currently comprises seven Directors, including two Executive Directors (EDs), two Non-Executive Directors (NEDs), and three Independent Non-Executive Directors (INEDs)[167] - The Company has established policies to ensure compliance with legal and regulatory requirements, including the Corporate Governance Code[175] - The Board is responsible for formulating the overall strategy and policy of the Group, ensuring sufficient capital and management resources for implementation, and compliance with legal requirements[170] Strategic Initiatives and Future Plans - The Company aims to be one of the top suppliers of natural uranium resources for nuclear power plants, focusing on the development and trade of these resources[3] - The management discussed future expansion strategies and potential market opportunities in the nuclear energy sector[3] - The company plans to enhance production and cost control at the Central Mynkuduk Deposit and Zhalpak Deposit to achieve more investment income[15] - The Company aims to actively seek new investment opportunities in high-grade uranium resources amid ongoing industry recovery[15] - The Company is committed to expanding its natural uranium equity production and securing higher returns on investments while exploring new trading opportunities[13] Risk Management - The board is focused on strengthening risk management and internal control systems to identify potential risks and respond effectively to unexpected situations[14] - A comprehensive risk management system was effectively implemented in 2021, with 17 risk warning and control indexes established for monitoring[74] - The Company is focusing on risk management, particularly in relation to operational risks in Kazakhstan and fluctuations in uranium prices[78] Investor Relations - The company received increased attention from investors, including significant inquiries and investments from international funds[11] - The North Shore Global Uranium Mining ETF increased its holdings in the company by 197.54 million shares, indicating growing investor interest[57] - Throughout the year, the company released 25 announcements, including 6 voluntary announcements, demonstrating transparency and communication with stakeholders[58] Acquisitions and Investments - In 2021, the company successfully acquired a 49% interest in Ortalyk, securing more natural uranium resources and expanding its interests in Kazakhstan, a leading natural uranium production area[11] - The company acquired a 49% interest in Ortalyk from Kazatomprom for approximately US$435 million, contributing 20,700tU of equity resources to the Group[50] - The Company entered into share subscription agreements to issue 1 billion new shares at HK$0.80 per share, expecting net proceeds of approximately HK$776 million for general working capital and uranium resource acquisitions[51] Production and Operations - The company closely monitored and ensured the successful completion of the annual production plan and various operational targets despite the pandemic's impact[11] - The total uranium extracted from Semizbay Mine and Irkol Mine was 975 tons, with a total annual natural uranium production of 961 tons after processing losses[40] - The Central Mynkuduk Deposit extracted 1,600 tons of uranium, resulting in a total natural uranium production of 1,579 tons after processing losses[43] Board Composition and Director Experience - The executive director and CEO, Mr. An Junjing, has extensive experience in the nuclear power sector, having joined the Group in 2018[136] - The CFO, Ms. Xu Junmei, has a strong background in finance, having worked at KPMG and held various positions within the CGN Group since 2013[139] - Mr. Yin Xiong has been a non-executive director since November 2018 and has extensive experience in management positions within CGN Group and other organizations[143] - The Company Secretary plays a crucial role in ensuring Board meetings are convened according to laws and regulations[191]

Financial Performance - Revenue from continuing operations for 2019 was HK$2,076,688, an increase of 27.7% from HK$1,625,974 in 2018[7] - Operating profit for 2019 was HK$196,638, compared to HK$172,623 in 2018, reflecting a growth of 13.9%[7] - Profit from continuing operations reached HK$160,009 in 2019, up from HK$122,066 in 2018, marking a 31.1% increase[7] - Profit for the year was HK$160,009, reflecting a significant increase from HK$122,066 in 2018[7] - Profit attributable to owners of the Company was HK$160 million, up 31.1% from HK$122 million in 2018, with basic earnings per share increasing to HK2.42 cents from HK1.85 cents[15] - The Group's profit for 2019 was HK$160 million, representing a 31% increase compared to 2018[88][111] - Total revenue for 2019 was HK$2,077 million, an increase of 28% from HK$1,626 million in 2018, driven by significant growth in natural uranium sales[89][94] Assets and Liabilities - Total assets as of December 31, 2019, were HK$3,095,366, an increase from HK$2,674,507 in 2018[8] - Total liabilities increased by 42% to HK$1,151 million as of December 31, 2019, primarily due to increased loans from a fellow subsidiary[113][117] - Net current assets rose by 32% to HK$1,766 million as of December 31, 2019, compared to HK$1,341 million in 2018, driven by higher inventory and trade receivables[114] - The Group's bank balances and cash were approximately HK$677 million, a decrease of HK$446 million (40%) year-on-year, with 32% in HKD, 67% in USD, and 1% in RMB[119] - Non-current liabilities increased by 184% to HK$666 million, mainly due to an increase in long-term loans from a fellow subsidiary[126] Trading and Market Performance - The annual trade volume of natural uranium reached 8.08 million pounds, generating sales revenue of US$218.78 million, marking a significant growth driver for the Company's performance[19] - The Company maintained a gross profit margin of 7%, consistent with the previous year[15] - The average spot price of natural uranium in 2019 was US$25.72/lb, while the long-term price stabilized at US$32/lb[29] - Spot transaction volume in the natural uranium market dropped by 40% compared to 2018, while long-term market transaction volume increased by 6.6%[29] Strategic Initiatives - The acquisition of CGN Global was completed on January 17, 2019, impacting the financial results for the year[9] - The company aims to become one of the top suppliers of natural uranium resources for nuclear power plants[3] - The New Kazakhstan Uranium Project is a top priority, with breakthrough progress expected in 2020 following efforts in 2019[11] - The company aims to increase trading profits through new trading models as part of its medium- to long-term strategy for overseas natural uranium trading[11] - The company plans to seek high-value uranium projects and favorable acquisition terms through dynamic tracking of potential targets[13] Corporate Governance - The Company emphasizes the importance of good corporate governance to enhance credibility and protect shareholder interests[139] - The Company has adopted and complied with all applicable code provisions of the Corporate Governance Code during the Reporting Period, with specific deviations noted[157] - The Board is responsible for formulating the overall strategy and policy of the Group, ensuring sufficient capital and management resources for implementation[164] - The Company has a comprehensive governance structure that includes various committees such as the Remuneration Committee, Audit Committee, and Nomination Committee[163] Management and Leadership - Mr. Yu Zhiping has over 29 years of experience in corporate management and nuclear fuel system operation[140] - Mr. An Junjing, the CEO, has been with the Group since January 2018 and has extensive experience in nuclear power management[143] - The leadership team includes experienced professionals with advanced degrees in engineering and business administration[143][145][146] - The Company aims to maintain a high-quality board and robust internal controls[141] Risk Management - The Board approved the comprehensive risk management report for 2019, which includes a summary of the risk management situation of 2018[168] - The Company has established a monitoring mechanism for the operating environments of overseas projects to mitigate international operation risks[79] - The Company is strengthening trade risk management to address uncertainties in international natural uranium trade[76] Future Outlook - The company estimates that the natural uranium market will remain oversupplied in the next few years, with slow inventory consumption and slight long-term price increases[60] - The nuclear power market is expected to grow, with several countries beginning preparations for new nuclear power plants[26] - The World Nuclear Association (WNA) has raised its expectations for future nuclear power and natural uranium demand for the first time since 2011, indicating an improvement in global nuclear power development[60]