2024 2024 年度報告 VPower Group International Holdings Limited Annual Report 2024 偉能集團國際控股有限公 目錄 簡介 | 公司介紹 | 02 | | --- | --- | | 主席報告 | 04 | 司 年度報 告 管理 | 管理層討論及分析 | 08 | | --- | --- | | 董事及高級管理人員 | 15 | | 企業管治報告 | 21 | | 董事會報告 | 38 | | 風險管理 | 57 | 財務 | 獨立核數師報告 | 61 | | --- | --- | | 合併損益表 | 67 | | 合併全面收入表 | 68 | | 合併財務狀況表 | 69 | | 合併權益變動表 | 71 | | 合併現金流量表 | 72 | | 合併財務報表附註 | 74 | | 五年財務概要 | 166 | 聯絡資料 公司資料 168 公司介紹 偉 能 集 團 國 際 控 股 有 限 公 司（「本公司」、「偉能集團」，或 連 同 其 附 屬 公 司，「本集團」）在 電 力 市 場 擁 有 逾20年卓越的營 運 經 驗，是 全 球 領 ...

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之任何損 失承擔任何責任。 VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED 偉 能 集 團 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） – 1 – . 收益增加1.5%至約1,520.5百萬港元，SI業務和IBO業務收益分別為約602.9百萬港元和 約917.6百萬港元。 . 毛利增加531.0%至約291.3百萬港元，SI業務和IBO業務毛利分別為約95.1百萬港元和 約196.2百萬港元。 . 本公司擁有人應佔虧損大幅減少91.8%至約233.1百萬港元。 偉 能 集 團 國 際 控 股 有 限 公 司（「 本 公 司 」）董 事 會（「 董 事 會 」）公 布 如 下 本 公 司 及 其 附 屬 公 司 （ 統稱「本集團」）截至2024年12月31日止年度之合併年度業績，連同2023年財政年度之比較 數字： 合併損益表 截至2024年12月31日止年度 （股份代 ...

VPower Group International Holdings Limited 偉能集團國際控股有限公司 (根據開曼群島法例註冊成立之有限公司) 股份代號：1608 2 中期報告 MIX Peper | Supporting responsible ferealry FBC® C178382 公司介紹 | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | 偉能集團國際控股有限公司（「 本公司 」，或連同其附屬公司，「本集團」）在 | | 電力市場擁有逾 20 年卓越的營運經驗，是全球領先的大型發電機組系統 | | 集成商之一，亦是亞洲最 ...

Revenue and Profitability - Revenue decreased by 18.2% to HKD 816.6 million, with SI business revenue at HKD 345.1 million (down 41.5%) and IBO business revenue at HKD 471.5 million (up 15.6%) [2] - Gross profit increased by 3.1% to HKD 140.6 million, with a gross profit margin of 17.2% [2] - The company reported a net loss of HKD 138.3 million for the period, compared to a net loss of HKD 327.5 million in the previous year [5] - Basic loss per share improved from HKD 0.1219 to HKD 0.0208 [3] - The group recorded total revenue of approximately HKD 816.6 million for the six months ended June 30, 2024, a decrease of 18.2% compared to HKD 998.1 million in the same period of 2023 [53] - The group's cost of sales for the six months ended June 30, 2024, was approximately HKD 676.0 million, a decrease of HKD 185.8 million from HKD 861.8 million in the same period of 2023 [56] - The gross profit for the group was approximately HKD 140.6 million for the six months ended June 30, 2024, a slight increase of 3.1% from HKD 136.4 million in the same period of 2023, with a gross margin improvement from 13.7% to 17.2% [58] Assets and Liabilities - Total non-current assets decreased from HKD 3,289.1 million as of December 31, 2023, to HKD 3,038.3 million as of June 30, 2024 [7] - Current assets decreased from HKD 2,946.5 million to HKD 2,961.4 million, with inventory decreasing from HKD 1,029.5 million to HKD 832.2 million [7] - Total liabilities decreased from HKD 4,252.4 million to HKD 4,198.1 million, with current liabilities net amount improving from HKD 1,305.9 million to HKD 1,236.6 million [8] - Total assets as of June 30, 2024, amounted to HKD 6,235,627,000, compared to HKD 5,999,747,000 as of December 31, 2023, showing an increase of approximately 4.0% [21] - Total liabilities as of June 30, 2024, were HKD 4,352,117,000, up from HKD 4,294,550,000 as of December 31, 2023, representing a rise of about 1.3% [21] - The group's total current assets as of June 30, 2024, were approximately HKD 2,961.4 million, compared to HKD 2,946.5 million as of December 31, 2023 [67] Cash Flow and Financing - Cash and cash equivalents were HKD 253.2 million as of June 30, 2024 [12] - The company plans to sell power generation fixed assets and inventory to improve liquidity and repay loans [12] - Discussions are ongoing with banks to extend repayment schedules for overdue loans and to implement refinancing arrangements [12] - The total bank and other borrowings of the group as of June 30, 2024, were approximately HKD 2,374.3 million, a decrease of about 14.2% from HKD 2,767.2 million as of December 31, 2023 [68] - The group's financing costs for the six months ended June 30, 2024, were approximately HKD 140.7 million, an increase of 4.4% from HKD 134.8 million in the same period of 2023 [64] Operational Highlights - The company aims to accelerate project execution using resources from its controlling shareholder and business partners to generate revenue [12] - The group plans to focus on new projects, including two gas power projects in Indonesia and one in Uzbekistan, to capitalize on market opportunities [51] - The rise of artificial intelligence and digitalization is driving increased electricity demand in the data center industry, highlighting the need for stable and controllable power supply solutions [45] - The group has adopted stricter project selection processes, resulting in the abandonment of several business opportunities requiring upfront capital and longer payback periods [46] Government Support and Subsidies - The company received government subsidies totaling HKD 229,000 for the six months ended June 30, 2024, compared to HKD 209,000 in the same period of 2023, reflecting a slight increase [26] Employee and Corporate Governance - The group has 366 employees as of June 30, 2024, an increase from 365 employees as of December 31, 2023 [76] - The audit committee has reviewed the group's accounting principles, internal controls, risk management, and financial reporting matters for the six months ended June 30, 2024 [81] Future Outlook - The financial statements were prepared based on the going concern basis, with management believing there will be sufficient operating funds for the next twelve months [13] - The group anticipates growth in the overall electricity market due to improving economic prospects in developed and emerging countries [51] - The group aims to strengthen its capital structure to control financial costs and achieve a healthier financial position, including discussions on the sale and lease of certain power assets [51] Dividends and Share Capital - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year [30] - The company's issued and paid-up share capital remained at 6,683,150,524 shares as of June 30, 2024, unchanged from December 31, 2023 [42]

Financial Performance - In 2023, VPower Group's revenue decreased by 55.4% to HKD 1,497.6 million, while the loss attributable to shareholders increased by 800.6% to HKD 2,854.0 million[10]. - The poor financial performance was primarily due to extensive operations in Myanmar, leading to reduced revenue and increased impairment of trade receivables[10]. - The group's total revenue for 2023 decreased by 55.4% year-on-year to approximately HKD 1,497.6 million, down from HKD 3,361.3 million in 2022[24]. - The System Integration (SI) business recorded revenue of approximately HKD 675.3 million, a decline of 65.3% from HKD 1,945.4 million in 2022, resulting in a loss of approximately HKD 50.6 million[17]. - The Investment, Construction, and Operation (IBO) business generated revenue of approximately HKD 822.3 million, down 41.9% from HKD 1,415.9 million in 2022, with gross profit decreasing by 74.4% to approximately HKD 96.7 million[18]. - The company recorded a pre-tax loss of approximately HKD 2,855.0 million for 2023, compared to a loss of HKD 316.2 million in the previous year[29]. - The gross profit for 2023 was approximately HKD 46.2 million, down from HKD 661.9 million in 2022, resulting in a gross margin decline from 19.7% to 3.1%[28]. - Other income and gains for 2023 amounted to approximately HKD 4.3 million, a decrease of 45.6% from HKD 7.9 million in 2022[30]. - The company reported a significant increase in administrative expenses to HKD 398,142,000 in 2023 from HKD 377,739,000 in 2022[185]. - The company’s other income and gains decreased to HKD 4,334,000 in 2023 from HKD 7,928,000 in 2022, a decline of 45.5%[185]. Operational Strategy - VPower Group aims to accelerate industrial transformation and upgrade by leveraging the support of its controlling shareholder, with a gradual reduction of operations in Myanmar[12]. - The company plans to focus on improving governance structures and operational standards to enhance management quality and business development[11]. - The company is working on executing new projects and expanding into new markets, supported by the resources of its controlling shareholder[12]. - The company is committed to providing reliable and flexible power solutions, particularly in regions with scarce electricity resources[13]. - VPower Group's strategy includes the development of distributed energy solutions and the application of renewable energy technologies to achieve carbon neutrality by 2050[6]. - The company is actively exploring business opportunities in Central Asia and Southeast Asia to enhance profitability and diversify its asset portfolio[19]. - The company aims to expand its market share through business cooperation with its controlling shareholder and its group companies[49]. Governance and Management - The company has implemented a treasury policy to maintain sufficient cash and cash equivalents, as well as adequate bank financing for operational needs[44]. - The board of directors consists of five executive directors, one non-executive director, and three independent non-executive directors, providing leadership and oversight of the company's strategic execution[46]. - The company has a strong management team with extensive experience in finance, risk management, and compliance, including independent non-executive directors with backgrounds in law and finance[53][54][56]. - The company appointed Mr. Jin Jiantang as the Executive Director and Chief Financial Officer in December 2023, responsible for financial management and reporting strategies[51]. - The company has a commitment to human resources planning and project management, ensuring operational continuity and compliance across its subsidiaries[58]. - The company emphasizes the importance of financial reporting and compliance, with a dedicated team for legal and regulatory matters[53][54]. - The company is focused on project investment strategies and policies, with executives possessing extensive experience in energy investment and capital operations[50]. - The company has been actively reviewing its board and management structure to ensure effective management and internal control systems[64]. Financial Position and Liquidity - The company's total current assets as of December 31, 2023, were approximately HKD 2,946.5 million, down from HKD 4,550.0 million in 2022[37]. - The group reported a net loss of HKD 2,854.0 million for the year ended December 31, 2023, with a net current liabilities of HKD 1,305.9 million[174]. - The expected credit loss for trade receivables includes HKD 324.7 million from the system integration segment, HKD 1,152.4 million from an associate's subsidiary, and HKD 114.5 million from the investment, construction, and operation segment[176]. - The group faced significant uncertainties regarding its ability to continue as a going concern due to the net loss and inability to repay certain bank and other borrowings[174]. - The company is implementing several plans to improve liquidity and financial condition, including financial support from its controlling shareholder[197]. - Certain banks have agreed to extend the repayment dates of overdue loans in March and April 2024[197]. - The company is exploring other debt or equity financing arrangements to enhance its financial position[197]. - The company has sufficient public float, with at least 25% of its issued shares held by the public as of the report date[155]. Environmental and Social Responsibility - The company is committed to achieving carbon neutrality by 2050 and is actively promoting the use of natural gas, biogas, and renewable energy to replace coal and diesel power[111]. - The company has implemented various strategies to monitor and control operational emissions, including the use of green technologies[111]. - The company has established an enterprise risk management framework to effectively assess and monitor key strategic, investment, financial, operational, and business risks[158]. - The company has established a robust anti-bribery and anti-corruption policy applicable to all employees, ensuring compliance with relevant laws and regulations[82]. - The company made charitable donations totaling HKD 55,000 during the year[123]. Shareholder and Market Information - The company issued 3,290,457,511 shares at a subscription price of HKD 0.42 per share, raising a total of HKD 1,381,992,155 to repay debts and obtain cash[42]. - Following the completion of the subscription, the company entered into a placement agreement to issue 691,000,000 shares at a placement price of HKD 0.33 per share, raising approximately HKD 216.6 million, with 80% allocated for bank loan repayment[43]. - The company reported a distributable reserve of HKD 738.0 million as of December 31, 2023[122]. - The top five customers accounted for approximately 84.2% of the total revenue, with the largest customer contributing about 46.3%[124]. - The company did not recommend a final dividend for the fiscal year ending December 31, 2023[116]. - The company has established a share option scheme and a share award scheme during the fiscal year ending December 31, 2023[125]. Risk Management - The tightening financial environment and rising interest rates pose risks to the company's debt management and refinancing capabilities[163]. - The company is enhancing treasury management by closely monitoring debt status and financial covenants compliance[164]. - The company is facing competition in the gas distributed generation industry and is continuously upgrading power solutions to maintain its market position[170]. - The company has implemented an environmental management policy to ensure compliance with increasingly stringent environmental regulations[166]. - The company conducts semi-annual reviews of its risk management and internal control systems, finding them effective and sufficient[171].

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之任何損 失承擔任何責任。 VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED 偉 能 集 團 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1608） 截至2023年12月31日止年度之全年業績公告 及 恢復買賣 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

智通财经APP讯，伟能集团(01608)发布公告，预期公司于截至2023年12月31日止年度将取得公司拥有人 应占合并亏损约28亿港元，而截至2022年12月31日止年度则取得本公司拥有人应占合并亏损约3.169亿 港元。 公告称，预期报告期间取得合并亏损增加主要归因于毛利显著下跌约6亿港元，其由于总收入减少及系 统集成业务版块取得亏损所致;贸易应收款项、物业、厂房及设备以及无形资产减值约12亿港元;及于缅 甸投资三个发电项目的合营公司带来的应占亏损约7亿港元。 报告期间，集团以制定发电资产调配计划及加强存货管理和成本控制为营运战略重点。自中国技术进出 口集团有限公司(中技公司)于2023年9月成为公司的控股股东起，集团善用其业务网路，发挥协同效 应，已在开发和落实位于中亚国家和印尼合共超过700兆瓦的新项目取得喜人进度。同时，集团依托中 技公司及其母公司的财务支持，逐步拓宽融资渠道，持续优化资本结构，筑牢可持续发展的经营基石。 ...

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 引致之任何損失承擔任何責任。 VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED 偉能集團國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1608） 有關截至 2022 年 12 月 31 日止年度的年報之 補充公告 茲提述偉能集團國際控股有限公司（ 「本公司」，連同其附屬公司，統稱「本集團」 ）截 至2022年12月31日止年度的年報（ 「2022年報」）。除另有界定外，本公告所用詞彙與 2022年報所界定者具有相同涵義。 本公告對2022年報中所披露有關股份獎勵計劃和購股權計劃的信息分別進行補充。 股份獎勵計劃 本公司於2017年7月採納股份獎勵計劃，其尚餘約四年有效期。董事會可全權酌情向合 資格人士無償（不設接納獎勵股份時的付款或購買價）授予獎勵股份，並就歸屬獎勵股 份予獲授人施加其認為適當的條件。 於2022年4月26日，董事會議決向一名僱員參與者（彼並非本公司董事、最高行 ...

VPower Group International Holdings Limited 偉能集團國際控股有限公司 (根據爾曼群島法例註冊成立之有限公司) 股份代號：1608 中期報告 2023 MIX r | Buppering mailsio formstry F8C® C178382 公司介紹 偉 能 集 團 國 際 控 股 有 限 公 司（「本公司」，或 連 同 其 附 屬 公 司，「本集團」）在電力市場擁有逾20年卓越的營運經驗，是 全球領先的大型發電機組系統集成商之一，亦是亞洲最大 的燃氣發動機式分佈式發電站擁有人及營運商之一。 我們透過(1)設計、集成及銷售發電機組與發電系統，以及(2)設計、投資、建設及營運分佈 式發電站，為各行各業提供營運所需的電力，支持當地經濟增長。以上組成我們兩個主要 業務分部：(1)系統集成（「SI」）業務及(2)投資、建設及營運（「IBO」）業務。 我們的快捷交付電力方案為新興市場提供穩定、可靠且可負擔的的電力，以改善居民生 活素質；同時為已發展國家提供靈活和具能源效益的電力，補充其因緊貼全球能源轉型 步伐而日益增加之可再生能源應用。 我們承諾與全球共同應對氣候變化，於 ...

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分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED 偉 能 集 團 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1608） 截至2023年6月30日止六個月之中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 摘 | 要 | | . | 收 益 減 少 43.7%至998.1 百 萬 港 元 。 其 中 ， SI 業 務 收 益 為 590.1 百 萬 港 元 ， IBO 業 務 收 益 為 40 ...