Financial Performance - Revenue for the six months ended June 30, 2022, was $33,233,000, representing a 34% increase from $24,781,000 in the same period of 2021[10]. - Gross profit for the same period was $8,356,000, up 75% from $4,768,000 in 2021[10]. - Profit for the period increased to $4,554,000, compared to $1,488,000 in 2021, marking a 206% growth[12]. - Basic earnings per share rose to 1.04 cents, up from 0.34 cents in the previous year[10]. - Total comprehensive income for the period was 4,531,000 USD, a decrease of 23% compared to the previous period[19]. - The Group's profit for the period attributable to owners of the Company was US$4,554,000 for the six months ended June 30, 2022, compared to US$1,488,000 for the same period in 2021, representing a significant increase[60]. - Profit increased significantly by approximately US$3.1 million or 206.7% from approximately US$1.5 million for the six months ended 30 June 2021 to approximately US$4.6 million for the six months ended 30 June 2022[126]. - Net profit margin increased from approximately 6.0% to approximately 13.7% for the respective periods[126]. Financial Position - Total assets as of June 30, 2022, amounted to $217,023,000, an increase from $200,499,000 at the end of 2021[14]. - Total equity increased to $125,561,000 from $121,030,000 at the end of 2021[17]. - Current assets totaled $44,560,000, significantly up from $9,172,000 at the end of 2021[14]. - The Group's borrowings and lease liabilities totaled approximately US$83.5 million, an increase of approximately US$11.4 million from US$72.1 million as of December 31, 2021[129]. - The Group's indebtedness included borrowings of approximately US$55.9 million and lease liabilities of approximately US$27.6 million as of June 30, 2022[134]. - The Group's pledged bank deposits and cash balances amounted to approximately US$23.9 million, up by approximately US$18.7 million from US$5.2 million as of December 31, 2021[130]. Cash Flow and Liquidity - Net cash generated from operating activities was 8,985,000 USD, an increase of 41% from 6,357,000 USD in the prior year[21]. - Cash and cash equivalents at the end of the period were 20,509,000 USD, compared to 3,936,000 USD at the end of the previous year[21]. - The company reported a net increase in cash and cash equivalents of 10,771,000 USD, contrasting with a decrease of 6,380,000 USD in the prior year[21]. - The liquidity position improved due to organic growth and funding from other loans, with a balanced approach to cash and financial management[128]. Revenue Breakdown - Revenue from asphalt tanker time charters increased by approximately US$1.1 million or 13.6% to approximately US$9.2 million for the six months ended June 30, 2022, driven by a 16.9% increase in average freight rates[104]. - Revenue from asphalt tanker voyage charters and CoAs increased by approximately US$5.6 million or 49.6% to approximately US$16.9 million for the six months ended June 30, 2022, with average freight rates under voyage charter contracts increasing significantly by 86.6%[107]. - Revenue from bulk carrier time chartering services rose by approximately US$1.7 million or 31.5% to approximately US$7.1 million for the six months ended June 30, 2022, driven by rising freight rates[109]. Expenses and Costs - Administrative expenses rose to $2,095,000 from $1,748,000 in 2021, reflecting a 20% increase[10]. - Cost of sales increased by approximately US$4.9 million or 24.5% to approximately US$24.9 million for the six months ended June 30, 2022, in line with a revenue increase of approximately 33.9%[112]. - Bunker fees saw a significant increase of approximately US$2.9 million or 83.9%, attributed to a sharp rise in global bunker prices, which increased by approximately 60% to 80% compared to the same period in 2021[112]. - The company experienced a significant rise in crew expenses of approximately US$1.2 million or 16.6%, primarily due to pandemic-related costs[112]. Corporate Governance and Compliance - The Company has fully complied with the Corporate Governance Code during the six months ended June 30, 2022[178]. - The Audit Committee reviewed the unaudited condensed consolidated interim results for the six months ended June 30, 2022, confirming compliance with applicable accounting principles and adequate disclosures[181]. - The Company established an Audit Committee comprising three independent non-executive Directors[181]. Strategic Outlook - The company is actively seeking new time charter opportunities to minimize off-hire periods and ensure adequate operating cash flow[93]. - The company remains cautiously optimistic about the growth of its asphalt shipping business in the coming years despite external challenges[97]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[187]. - The company has outlined a positive outlook for the next fiscal year, projecting a revenue increase of BB% driven by new product launches and market expansion strategies[186]. Shareholder Information - No interim dividend was recommended for the six months ended June 30, 2022, consistent with the previous year[58]. - The weighted average number of ordinary shares for the calculation of basic earnings per share was 440,000 for both the six months ended June 30, 2022, and 2021[62]. - The Company does not recommend payment of an interim dividend for the six months ended June 30, 2022[178].

Annual Report 年報 2021 ANNUAL REPORT 2021 年報 Table of Contents 目錄 | CORPORATE INFORMATION | 公司資料 | 2 | | --- | --- | --- | | CHAIRMAN'S STATEMENT | 主席報告 | 5 | | FIVE-YEAR FINANCIAL SUMMARY | 五年財務摘要 | 6 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | 8 | | BIOGRAPHY OF DIRECTORS AND SENIOR MANAGEMENT | 董事及高級管理層履歷 | 25 | | CORPORATE GOVERNANCE REPORT | 企業管治報告 | 33 | | REPORT OF THE DIRECTORS | 董事會報告 | 52 | | ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT | 環境、社會及管治報告 | 84 | | INDEPENDENT AUDITOR'S REPORT | 獨立 ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 2021 Interim Report 中 期 報 告 ESTELLA 8 LILSTEL 8 T Table of Contents 目錄 CORPORATE INFORMATION 公司資料 2 | --- | --- | |-----------------------------------------------------------------------------------|-----------------------------------| | | | | INDEPENDENT REVIEW REPORT | 獨立審閱報告 | | CONDENSED CONSOLIDATED STATEMENT OF | 簡明綜合損益表 | | PROFIT OR LOSS CONDENSED ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 STEL T � and POESTELLA @ ANNUAL R Table of Contents 目錄 | --- | --- | |------------------------------------------------|--------------------------| | | | | CORPORATE INFORMATION | 公司資料 | | CHAIRMAN'S STATEMENT | 主席報告 | | FIVE-YEAR FINANCIAL SUMMARY | 五年財務摘要 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | | BIOGRAPHY OF DIRECTORS AND SENIOR MANAGEMENT | ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 2020 Interim Report 中期報告 T 图 Table of Contents 目 錄 2 5 7 8 9 11 12 13 31 45 | --- | --- | |-----------------------------------------------------------------------------------|-------------------------------| | | | | CORPORATE INFORMATION | 公司資料 | | INDEPENDENT REVIEW REPORT | 獨立審閱報告 | | condensed consolidated statement of PROFIT OR LOSS | 簡明綜合損益表 | | cond ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 ANNUAL REPORT 年報 2019 ଷ Table of Contents 目錄 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 綜合損益及其他全面收益表 129 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 綜合財務狀況表 130 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 綜合權益變動表 132 CONSOLIDATED STATEMENT OF CASH FLOWS 綜合現金流量表 133 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 136 | ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 8 "INTERIM REPORT 中期報告 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------| | | | | | | | CORPORATE INFORMATION 公司資料 2 Table of Contents 目錄 | | | INDEPENDENT REVIEW REPORT 獨立審閱報告 5 | | | CONDENSED CON ...

XIN YUAN ENTERPRISES GROUP LIMITED 信 源 企 業 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 1748 2018 Annual Report 年報 8 Table of Contents 目 錄 2 5 7 9 23 36 Ed 91 97 98 99 101 102 105 | --- | --- | |-------------------------------------------------------------------------|--------------------------| | | | | CORPORATE INFORMATION | 公司資料 | | CHAIRMAN'S STATEMENT | 主席報告 | | Four-Year Financial Summary | 四年財務摘要 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理 ...