资料显示，华滋国际海洋股份有限公司(以下简称"华滋国际海洋"或"集团")是中国领先的港口与航道工 程服务商,集团专注于港口基础设施工程、航道及其他工程,并于2019年底通过收购将业务进一步拓展到 市政工程业务。多年来,集团已逐步将业务拓展到长江三角洲、珠江三角洲以及华中、华北等中国大部 分地区,并跟随'一带一路'倡议,在文莱及印尼等多个国家和地区开展工程施工及技术业务,服务客户涵盖 电力、航运、能源、化工、市政、房地产等行业,致力于为不同地区的跨行业客户提供专业工程服务。 5月27日，截至港股收盘，恒生指数上涨0.43%，报23381.99点。华滋国际海洋（02258.HK）收报0.195 港元/股，上涨8.33%，成交量2000股，成交额390港元，振幅0.0%。 最近一个月来，华滋国际海洋累计涨幅0%，今年来累计跌幅10%，跑输恒生指数16.06%的涨幅。 财务数据显示，截至2024年12月31日，华滋国际海洋实现营业总收入15.34亿元，同比减少28.43%；归 母净利润-6924.9万元，同比减少325.2%；毛利率6.42%，资产负债率79.18%。 机构评级方面，目前暂无机构对该股做出投资评级建议 ...

中证智能财讯 华滋国际海洋（02258）4月23日披露2024年度报告。报告期内，公司实现营业总收入15.37亿元，同比下降28.4%；归母净利润亏损6924.9万 元，上年同期盈利3075万元；经营活动产生的现金流量净额为-1006万元，上年同期为-2.24亿元；据报告显示，华滋国际海洋基本每股收益为-0.0846元，加 权平均净资产收益率为-9.45%。 市净率(LF)历史分位(%) 100 ଛି ୨୦ 82-56 80 70 60 57621 50 43.6 40 35.4 30 28:02 20 76:86 14:42 10 8.37 0 2019-12-37 -12-37 2n- 制图数据来自恒生聚源数据库 以4月23日收盘价计算，华滋国际海洋目前市净率（TTM）约0.2倍，市销率（TTM）约0.09倍。 市盈率(TTM)历史分位(%) 001 900 80 80p2 70 -68-45 60 50 40 36.3 3 1691 30 20 24456 20 12:67 10 4.26 0 122-06-30 | : 2019-12-37 I · 7-12-37 ' 0-06-30 2-12-37 ...

Financial Performance - The company's total revenue for the fiscal year 2024 was approximately RMB 1,534.2 million, representing a decrease of about 28.4% compared to the previous year[11][18]. - Revenue from the marine construction segment was approximately RMB 497.2 million, while the municipal engineering construction segment generated about RMB 1,037.0 million[12]. - The marine construction segment's revenue decreased by approximately 31.4%, and the municipal engineering construction segment's revenue fell by about 26.9%[19]. - The group's consolidated revenue for 2024 was RMB 1,534.2 million, a decrease of approximately 28.4% compared to RMB 2,143.7 million in the previous fiscal year[23]. - The consolidated cost of sales for 2024 was RMB 1,435.7 million, a reduction of 27.1% from RMB 1,970.1 million in 2023[24]. - The group's gross profit for 2024 was RMB 98.5 million, down 43.2% from RMB 173.6 million in 2023[24]. - The operating loss for 2024 was RMB 48.8 million, a decline of 172.9% compared to an operating profit of RMB 67.0 million in 2023[27]. - Administrative expenses increased by 18.2% to RMB 99.2 million in 2024, up from RMB 83.9 million in 2023[28]. - The total employee cost for the group was approximately RMB 666 million for the reporting period, a decrease from RMB 717 million in the previous year[86]. Strategic Goals and Market Position - The company aims to achieve revenue growth in 2025 by leveraging its traditional strengths in port, channel, marine, and municipal engineering, while also enhancing its environmental technology business[13][15]. - The company plans to expand its overseas market presence and strengthen its comprehensive service capabilities in international cooperation[15]. - The overall economic environment is shifting towards high-quality development, providing opportunities for infrastructure investment in emerging economies[13]. - The company is committed to optimizing resource allocation and enhancing its risk resistance capabilities in response to intensified market competition[13][18]. - The company will continue to monitor domestic and international market conditions closely to adapt its operational strategies accordingly[15]. Shareholder and Governance Information - The company expresses gratitude to its shareholders, management team, employees, clients, suppliers, subcontractors, and business partners for their support[15]. - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors, responsible for business and investment planning[45]. - The company has a strong board with diverse expertise in finance, management, and strategic development, enhancing its governance structure[57]. - The board's composition reflects a commitment to strong governance and oversight, with independent directors providing critical insights and guidance[57]. - The company has established a remuneration committee to review and advise on the overall remuneration policy for directors and senior management[86]. Contracts and Procurement - The company completed 376 contracts with an original contract value of RMB 2,440.1 million and entered into 358 new contracts valued at RMB 2,471.9 million during the fiscal year ending December 31, 2024[71]. - As of December 31, 2024, the company has 104 ongoing contracts with an original contract value of RMB 6,168.5 million, and the total value of unfinished contracts amounts to RMB 2,521.1 million[71]. - The procurement amount from the largest supplier was approximately RMB 292.3 million, accounting for about 20.4% of the total cost of sales, while the procurement from the top five suppliers totaled approximately RMB 468.5 million, representing about 32.6% of the total cost of sales[70]. - The total procurement agreement for 2024 to 2026 is estimated to involve transactions amounting to approximately RMB 9.0 million for each year[135]. - The pricing of raw materials will be determined through a bidding process involving at least two independent third-party bidders[134]. Risk Management and Compliance - The company has identified several major risks, including dependence on public spending policies related to transportation infrastructure projects[175]. - The company is closely monitoring the regulatory environment in Indonesia to mitigate risks associated with the contract arrangement[140]. - There is no guarantee that the contract arrangement will be deemed compliant with Indonesian laws in the future, which poses a potential risk[141]. - The group has maintained compliance with all relevant laws and regulations in the jurisdictions of China, Indonesia, Malaysia, and Brunei as of December 31, 2024[174]. - The independent auditor has issued an unqualified opinion on the related party transactions disclosed in the annual report[166]. Corporate Social Responsibility - The group reported charitable donations of approximately HKD 100,000 for the year ending December 31, 2024[181]. - The group emphasizes a corporate culture of continuous improvement and value creation for customers, employees, shareholders, and society[190]. Future Outlook - The company plans to actively explore opportunities in both domestic and international markets to inject new vitality into sustainable development[22]. - The company has not proposed any dividend for the fiscal year ending December 31, 2024, compared to a dividend of HKD 0.0102 per share (approximately RMB 0.0092) totaling about HKD 8,419,000 (approximately RMB 7,630,000) for the previous year[68].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 1,534,193 thousand, a decrease of 28.5% compared to RMB 2,143,680 thousand in 2023[2] - Gross profit for the same period was RMB 98,540 thousand, down 43.3% from RMB 173,567 thousand in the previous year[4] - The company reported a loss before tax of RMB 68,045 thousand, compared to a profit of RMB 50,529 thousand in 2023[4] - Net loss attributable to shareholders for the year was RMB 47,546 thousand, compared to a profit of RMB 27,449 thousand in the prior year[4] - Basic and diluted loss per share was RMB (8.46), a significant decline from earnings of RMB 3.75 per share in 2023[4] - The company reported a net loss of RMB 69,249 thousand for the fiscal year ending December 31, 2024, compared to a net profit of RMB 30,750 thousand in the previous year, indicating a significant turnaround[21] - The company’s operating expenses for the fiscal year ending December 31, 2024, totaled RMB 153,474 thousand, an increase from RMB 108,862 thousand in the previous year, representing an increase of approximately 41.0%[21] - The company recognized other income of RMB 3,252 thousand for the fiscal year ending December 31, 2024, compared to RMB 3,445 thousand in the previous year, showing a slight decrease of about 5.6%[21] - The company’s financial costs for the fiscal year ending December 31, 2024, were RMB 19,213 thousand, compared to RMB 16,486 thousand in the previous year, reflecting an increase of approximately 16.6%[21] - The group's consolidated revenue for 2024 was RMB 1,534.2 million, a decrease of approximately 28.4% compared to RMB 2,143.7 million in the previous fiscal year[61] - The group's gross profit for 2024 was RMB 98.5 million, down 43.2% from RMB 173.6 million in 2023[63] - Operating loss for 2024 was RMB 48.8 million, a decline of 172.9% compared to an operating profit of RMB 67.0 million in 2023[66] Assets and Liabilities - Total assets increased to RMB 3,347,474 thousand from RMB 3,239,021 thousand, reflecting a growth of 3.4%[6] - Total equity decreased to RMB 696,921 thousand from RMB 752,097 thousand, a decline of 7.4%[7] - The company’s total liabilities rose to RMB 2,650,553 thousand, up from RMB 2,486,924 thousand, indicating an increase of 6.6%[7] - Total liabilities as of December 31, 2024, were RMB 2,650,553 thousand, up from RMB 2,486,924 thousand in the previous year, marking an increase of about 6.6%[22][23] - The group's debt-to-asset ratio as of December 31, 2024, was 79.2%, up from 76.8% as of December 31, 2023[71] - As of December 31, 2024, the group had bank borrowings of RMB 280.5 million, an increase from RMB 203.2 million as of December 31, 2023[71] Revenue Segments - The company’s revenue from municipal engineering for the fiscal year ending December 31, 2024, was RMB 497,195 thousand, down from RMB 724,585 thousand in the previous year, indicating a decline of about 31.4%[21] - The company’s revenue from marine construction for the fiscal year ending December 31, 2024, was RMB 1,036,998 thousand, down from RMB 1,419,095 thousand in the previous year, representing a decrease of approximately 27.0%[21] - Revenue from the marine construction segment and municipal engineering segment decreased by approximately 31.4% and 26.9% respectively in 2024[61] Trade Receivables and Payables - Trade receivables decreased slightly from RMB 1,302,077 thousand in 2023 to RMB 1,274,771 thousand in 2024, a decline of about 2.1%[40] - The net trade receivables after impairment provisions were RMB 1,126,422 thousand in 2024, down from RMB 1,209,411 thousand in 2023, a decrease of approximately 6.9%[40] - The company's trade receivables amounted to RMB 1,713,248 thousand in 2024, an increase from RMB 1,665,447 thousand in 2023, representing a growth of approximately 2.3%[44] - The company's trade payables increased to RMB 1,543,705 thousand in 2024 from RMB 1,525,923 thousand in 2023, reflecting a growth of about 1.2%[46] - As of December 31, 2024, the group's trade and other payables increased to RMB 2,277.6 million from RMB 2,216.9 million as of December 31, 2023, primarily due to increased progress payments and warranty payments related to domestic and international projects[70] Dividends and Capital Commitments - The company did not declare a final dividend for the year ending December 31, 2024, compared to a dividend of HKD 0.0102 per share totaling approximately HKD 8,419,000 (around RMB 7,630,000) in 2023[53] - The board of directors decided not to declare any dividends for the year ended December 31, 2024, compared to a dividend of HKD 0.0102 per share (approximately RMB 0.092) totaling about HKD 8.419 million (approximately RMB 7.630 million) for the year ended December 31, 2023[82] - The company has no significant capital commitments as of December 31, 2024, indicating a stable financial position[54] Operational Focus and Future Plans - The company continues to focus on expanding its marine construction and municipal engineering services in China and Southeast Asia[8] - The group plans to expand its business market coverage and develop emerging environmental engineering businesses to positively impact revenue growth[59] - The group aims to optimize resource allocation and strengthen internal controls to mitigate liquidity and credit risks amid increasing industry competition[60] Employee and Governance - The group had a total of 472 employees as of December 31, 2024, with employee costs amounting to RMB 666 million, a decrease from RMB 717 million in 2023[85] - The audit committee reviewed the audited consolidated financial statements for the reporting period, confirming compliance with applicable accounting standards[89][90] - The company adopted the corporate governance code principles and complied with all applicable provisions during the reporting period[88]

ࡻ⏸ప䭲⊤∸㗎Ъᰶ䭽ڙथ Watts International Maritime Company Limited （於開曼群島註冊成立的有限公司） 股份代號 : 2258 中期報告 T REE STANK res 2010 10 12 2 2 2 DECREACH CAR FIFT 目錄 管理層討論與分析4 權益披露及其他資料 12 簡明合併中期綜合收益表 16 簡明合併中期財務狀況表 17 簡明合併中期權益變動表 19 簡明合併中期現金流量表 20 簡明合併中期財務報表附註 21 釋義 63 公司資料2 -019 To 17 11 21 21 11 公司資料 | --- | |--------------------------------| | | | 董事 | | 執行董事 | | 王秀春先生 （主席） | | 萬雲女士 （行政總裁） | | 王利江先生 （兼聯席公司秘書） | | 王利凱先生 | | 非執行董事 | | 王士忠先生 | | 獨立非執行董事 | | 王洪衛先生 | | 孫大建先生 | | 侯思明先生 | | 審核委員會 | | 孫大建先生 （主席） | | 侯思明先生 | | | | ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 715,208 thousand, a decrease of 30.2% compared to RMB 1,038,568 thousand for the same period in 2023[1]. - Gross profit for the same period was RMB 44,334 thousand, down 37.3% from RMB 70,663 thousand in 2023[1]. - The company recorded a loss before tax of RMB (99,163) thousand, compared to a profit of RMB 17,687 thousand in the previous year[1]. - The total comprehensive loss attributable to shareholders for the period was RMB (106,011) thousand, a significant decline from a profit of RMB 10,142 thousand in 2023[3]. - Basic and diluted loss per share was RMB (15.12), compared to earnings of RMB 1.47 per share in the previous year[3]. - The company reported a net loss of RMB 123,868 thousand for the six months ended June 30, 2024, compared to a profit of RMB 12,002 thousand for the same period in 2023[15][17]. - The company's operating loss for the first half of 2024 was RMB 89.8 million, a decline of 402.4% compared to an operating profit of RMB 29.7 million in the first half of 2023[55]. Assets and Liabilities - Total assets decreased to RMB 2,989,175 thousand from RMB 3,239,021 thousand as of December 31, 2023, reflecting a decline of 7.7%[4]. - Total equity as of June 30, 2024, was RMB 638,456 thousand, down from RMB 752,097 thousand at the end of 2023, representing a decrease of 15.1%[5]. - The company’s non-current assets decreased to RMB 562,078 thousand from RMB 614,769 thousand, a decline of 8.6%[4]. - Current liabilities decreased to RMB 2,161,774 thousand from RMB 2,278,435 thousand, a reduction of 5.1%[6]. - The total liabilities as of June 30, 2024, were RMB 2,350,719 thousand, with a significant portion attributed to the municipal engineering construction segment[16]. - The debt-to-asset ratio as of June 30, 2024, was 78.6%, up from 76.8% as of December 31, 2023, with bank borrowings amounting to RMB 313.7 million[60]. Revenue Segmentation - Revenue from the marine construction segment was RMB 300.0 million, while the municipal engineering segment generated RMB 415.2 million, reflecting a significant decline of 46% in the municipal engineering segment compared to the first half of 2023[50]. - Revenue from the China region for marine construction was RMB 147,017 thousand, while municipal engineering construction revenue was RMB 415,158 thousand, totaling RMB 562,175 thousand[19]. Expenses and Costs - The operating expenses for the period were RMB 139,198 thousand, which includes depreciation and amortization of RMB 8,394 thousand[15]. - The total sales cost for the first half of 2024 was RMB 670.9 million, down 30.7% from RMB 967.9 million in the same period last year[51]. - Administrative expenses rose by 14.9% to RMB 43.3 million in the first half of 2024, compared to RMB 37.7 million in the same period last year[56]. - The company reported a financial cost of RMB 9,374 thousand for the period, contributing to the overall net loss[15]. Taxation - The income tax expense for the six months ended June 30, 2024, was RMB 24,705 thousand, significantly higher than RMB 5,685 thousand for the same period in 2023, marking an increase of approximately 335.5%[21]. - The income tax expense for the first half of 2024 was RMB 24.7 million, an increase of 333.3% compared to RMB 5.7 million in the first half of 2023, primarily due to an increase in deferred tax during the reporting period[57]. Corporate Governance and Strategy - The company plans to optimize resource allocation and adjust business strategies in response to market changes, focusing on high-quality development and emerging market expansion[49]. - The company aims to enhance risk control capabilities and continue to explore opportunities in environmental engineering, including water resources and soil pollution prevention[49]. - The company will maintain its "going out" strategy to promote development in Southeast Asia and other overseas markets amid global infrastructure investment recovery[49]. - The group is committed to maintaining high standards of corporate governance, having adopted all applicable provisions of the corporate governance code as per the listing rules[70]. Employee and Remuneration - As of June 30, 2024, the group had a total of 519 employees, with employee costs amounting to RMB 38.2 million for the reporting period, compared to RMB 31.3 million for the six months ending June 30, 2023[67]. - The company has established a remuneration committee to review and recommend overall remuneration policies for directors and senior management, ensuring no conflicts in determining their own remuneration[68]. Dividends and Capital Commitments - The proposed final dividend for the year ended December 31, 2023, is HKD 0.0102 per share, totaling approximately HKD 8,419,000 (equivalent to RMB 7,630,000)[41]. - The board decided not to declare any dividends for the six months ended June 30, 2024, considering the need to maintain sufficient cash flow for daily operations and expansion[66]. - The company has no significant capital commitments as of June 30, 2024[42].

Financial Performance - The company recorded a revenue of approximately RMB 2,143.7 million for the fiscal year 2023, representing an increase of about 3.3% compared to the previous year[14]. - The marine construction segment generated revenue of approximately RMB 724.6 million, while the municipal engineering segment contributed approximately RMB 1,419.1 million[8]. - The net profit for the fiscal year 2023 was approximately RMB 30.75 million[8]. - In 2023, the company's consolidated revenue was RMB 2,143.7 million, an increase of approximately 3.3% compared to RMB 2,075.6 million in the previous fiscal year[20]. - The cost of sales for 2023 was RMB 1,970.1 million, up 3.4% from RMB 1,904.5 million in 2022[22]. - The gross profit for the main business was approximately RMB 173.6 million, an increase of 1.5% from RMB 171.1 million in 2022[22]. - The income tax expense for 2023 was RMB 19.8 million, a 52.3% increase from RMB 13.0 million in 2022, primarily due to a reduction in excess deductions related to R&D expenses[24]. - The company reported revenue from its top five customers of approximately RMB 638.0 million, accounting for about 29.8% of total revenue for the year ended December 31, 2023[75]. - The largest customer contributed revenue of approximately RMB 236.6 million, representing about 11.0% of total revenue for the same period[75]. - The company’s available distributable reserves as of December 31, 2023, amounted to RMB 273.1 million, which can be distributed to shareholders after considering any proposed dividends[84]. Business Strategy and Operations - The company plans to continue optimizing internal controls and enhancing technological innovation capabilities in 2024[9]. - The company aims to expand its overseas market contributions, particularly in Southeast Asia, leveraging its advantages in marine construction[12]. - The company will focus on improving quality and efficiency in response to signs of decline in municipal engineering construction business[12]. - The company has successfully expanded its business operations into Malaysia, enhancing its project portfolio in the region[14]. - The company is committed to the transformation and upgrading of traditional industries while accelerating the layout of emerging industries[9]. - The company emphasizes the importance of environmental technology business development as part of its growth strategy[9]. - The company plans to strengthen internal controls, enhance cost management, and expand its business scope to improve shareholder returns amid a recovering global economy[19]. - The company has been actively involved in various subsidiaries, with key executives serving as directors in multiple entities, indicating a strong governance structure[51][54][64]. - The company aims to leverage its management expertise to drive growth and improve operational efficiency in its subsidiaries[64]. Governance and Management - The company maintains a strong governance structure and resource allocation to maximize shareholder returns[14]. - The board consists of eight members, including four executive directors, responsible for business and investment planning[44]. - The company has a strong management team with extensive experience in finance and accounting, including CFO Ye Sheng, who has over 15 years of experience in the auditing and financial industry[64]. - The management team includes independent directors with significant backgrounds in finance and investment banking, contributing to the company's strategic direction[60][61]. - The board of directors includes members with diverse professional backgrounds, enhancing the company's decision-making capabilities[60][61]. - The company is committed to maintaining high standards of corporate governance and transparency through its independent directors and audit committees[56][61]. - The company has established a remuneration committee to provide recommendations on the overall remuneration policy and structure for all directors and senior management[96]. - All independent non-executive directors confirmed their independence according to the guidelines set out in the listing rules[87]. Shareholder Information - The board proposed a final dividend of HKD 1.02 per share for the year ended December 31, 2023, compared to HKD 0.92 per share for the previous year[72]. - As of December 31, 2023, the total number of issued shares is 825,400,000[106]. - Mr. Wang Xiuchun and Mr. Wang Likai each hold 419,792,836 shares, representing 50.86% ownership[105]. - HuaZi Holding Limited, wholly owned by Mr. Wang Shizhong, holds 315,467,967 shares, accounting for 38.22% of total shares[109]. - Ye Wang Zhou Holding Limited owns 104,324,869 shares, which is 12.64% of total shares[109]. - The beneficial ownership structure indicates significant concentration among key executives and their affiliates[110]. Employee and Labor Relations - The total employee cost for the group was approximately RMB 717 million for the year ending December 31, 2023, compared to RMB 718 million in 2022[96]. - The group employed a total of 537 employees as of December 31, 2023, with specific numbers including 100 in Sanhang Benteng Marine, 70 in Indonesia Benteng, and 280 in Shanghai Municipal Group[96]. - There were no strikes, work stoppages, or significant labor disputes affecting operations during the reporting period[97]. Procurement and Contracts - The company has entered into a total procurement agreement for raw materials with Wahzi Bounty, effective from April 7, 2021, to December 31, 2023[151]. - The total procurement agreement for 2024 to 2026 allows the company to purchase raw materials from Huazi Bounty Group, ensuring a continuous supply during this period[152]. - The annual cap for transactions under the 2024 to 2026 procurement agreement is set at approximately RMB 9.0 million for each year, compared to RMB 20.0 million for the previous agreement[156]. - The company maintains a stable and long-term business relationship with Huazi Bounty Group, which is expected to provide quality raw materials at competitive prices[154]. - The procurement prices are determined through a bidding process involving at least two independent third-party bidders[155]. - The company does not rely solely on Huazi Bounty Group for raw materials, as it can easily source similar quality materials from other independent suppliers[154]. Contractual Arrangements and Compliance - The company has entered into various agreements with local parties to comply with Indonesian laws, which limit foreign ownership to 67%[170]. - The company plans to dissolve contract arrangements if Indonesian laws allow foreign shareholders to hold 100% of a construction service company[179]. - The company has received a waiver from the Stock Exchange regarding certain compliance requirements related to the contract arrangements[182]. - The independent auditor issued an unqualified opinion regarding the group's ongoing connected transactions as disclosed in the annual report[192]. - Independent non-executive directors confirmed that the ongoing connected transactions were conducted in the ordinary course of business and on normal commercial terms[191].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 2,143,680 thousand, an increase of 3.3% from RMB 2,075,610 thousand in 2022[5] - Gross profit for the same period was RMB 173,567 thousand, up from RMB 171,126 thousand, reflecting a slight increase in gross margin[5] - Profit before tax increased to RMB 50,529 thousand, representing a 25.5% growth compared to RMB 40,121 thousand in the previous year[5] - Net profit for the year was RMB 30,750 thousand, a rise of 13.1% from RMB 27,098 thousand in 2022[5] - Basic and diluted earnings per share rose to RMB 3.75, compared to RMB 3.31 in the previous year, marking an increase of 13.3%[5] - The company reported a net profit of RMB 30,750,000 for the year ended December 31, 2023, compared to RMB 27,098,000 in 2022, reflecting an increase of approximately 9.8%[24] - The company recorded a revenue of RMB 2,143.7 million for the fiscal year 2023, representing an increase of approximately 3.3% compared to the fiscal year ending December 31, 2022[63] - The company's consolidated revenue for 2023 was RMB 2,143.7 million, representing a year-on-year increase of approximately 3.3% compared to RMB 2,075.6 million in the previous fiscal year[69] Assets and Liabilities - Total assets decreased to RMB 3,239,021 thousand from RMB 3,441,318 thousand, indicating a reduction of approximately 5.9%[6] - The total liabilities as of December 31, 2023, were RMB 2,486,924,000, down from RMB 2,709,652,000 in 2022[26] - The company's current assets and cash equivalents were approximately RMB 345.8 million and RMB 255.8 million, respectively, as of December 31, 2023[77] - The company's debt-to-asset ratio improved to 76.8% as of December 31, 2023, down from 78.7% in the previous year[77] Cash Flow and Expenses - The company reported a decrease in cash and cash equivalents to RMB 255,754 thousand from RMB 540,175 thousand, a decline of 52.7%[7] - The operating expenses for the year were RMB 108,862,000, compared to RMB 127,049,000 in the previous year, indicating a reduction in costs[24] - Administrative expenses decreased by 9.2% to RMB 83.9 million in 2023, down from RMB 92.4 million in 2022, with the percentage of administrative expenses to revenue dropping from 4.5% to 3.9%[73] Shareholder Returns - The company proposed a final dividend of HKD 0.0102 per share for the fiscal year 2023, totaling approximately HKD 8,419,000 (equivalent to RMB 7,630,000), an increase from the previous year's dividend[58] - The proposed final dividend is HKD 1.02 per share, compared to HKD 0.92 per share in the previous year[89] Market Strategy and Expansion - The company plans to continue expanding its market presence in China and Southeast Asia, focusing on marine construction and municipal engineering services[10] - The company is focusing on expanding its marine engineering business overseas, particularly in Malaysia, which has contributed to revenue growth[64] - The company aims to strengthen its competitive edge in the domestic market while expanding its environmental engineering business in response to ecological governance policies[68] - The company is committed to monitoring international market changes and promoting high-quality development in line with the Belt and Road Initiative[68] Governance and Compliance - The board approved the financial statements for publication on March 28, 2024, indicating ongoing compliance with regulatory requirements[12] - The audit committee has reviewed the audited consolidated financial statements for the reporting period without objections to the accounting treatment adopted[99] - The company has adopted corporate governance principles to enhance shareholder value and accountability[97] - The company is committed to transparency and compliance with the Cayman Islands Companies Law[104] Employee and Operational Information - The company has a total of 537 employees, with employee costs amounting to approximately RMB 71.7 million during the reporting period[92] - The company has not encountered any major labor disputes or difficulties in hiring and retaining qualified employees during the reporting period[93] Other Financial Information - The company reported a financial asset impairment loss of RMB 20,289,000 for the year ended December 31, 2023[24] - Trade receivables increased to RMB 1,209,411,000 in 2023 from RMB 990,600,000 in 2022, reflecting a growth of 22.1%[48] - The company's total receivables, including trade and other receivables, amounted to RMB 1,800,541,000 in 2023, up from RMB 1,529,134,000 in 2022, indicating a growth of 17.7%[48] - The company's long-term payables decreased significantly from RMB 292,705 thousand in 2022 to RMB 202,396 thousand in 2023, indicating improved cash flow management[57] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[94] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2023[82]

Financial Performance - The consolidated revenue for the first half of 2023 was RMB 1,038.6 million, an increase of approximately 1.4% compared to RMB 1,024.0 million in the same period last year[15]. - Revenue for the six months ended June 30, 2023, was RMB 1,038,568,000, a slight increase from RMB 1,024,056,000 in the same period of 2022, representing a growth of approximately 1.5%[56]. - The net profit for the period was RMB 12,002,000, down from RMB 15,301,000 in 2022, representing a decline of approximately 21.5%[56]. - The operating profit for the first half of 2023 was RMB 29.7 million, a 1.7% increase from RMB 29.2 million in the same period of 2022[18]. - The gross profit from the main business was RMB 70.7 million, down 12.6% from RMB 80.9 million in the previous year[17]. - The gross profit for the same period was RMB 70,663,000, down from RMB 80,972,000 in 2022, indicating a decrease of about 12.9%[56]. - Basic and diluted earnings per share for the period were RMB 1.47, down from RMB 1.87 in the previous year, indicating a decrease of approximately 21.4%[56]. - Total comprehensive income for the six months ended June 30, 2023, was RMB 10,142 thousand, down from RMB 15,328 thousand in the previous year, indicating a decline of about 33%[64]. Revenue Segmentation - Revenue from the marine construction segment was RMB 266.8 million, while the municipal engineering segment generated RMB 771.8 million[12]. - The gross profit from the marine construction segment was RMB 32.1 million, while the municipal engineering segment reported a gross profit of RMB 38.6 million[17]. - Revenue from mainland China for the six months ended June 30, 2023, was RMB 1,005,595,000, an increase from RMB 935,928,000 in the same period of 2022, representing a growth of approximately 7.4%[115]. Expenses and Costs - The company reported costs of RMB 967.9 million for the first half of 2023, a 2.6% increase from RMB 943.1 million in the same period of 2022[17]. - Administrative expenses decreased by 28.6% to RMB 37.7 million, compared to RMB 52.8 million in the first half of 2022, due to reduced R&D spending and improved cost control[19]. - The income tax expense increased by 67.6% to RMB 5.7 million, up from RMB 3.4 million in the previous year, primarily due to a decrease in R&D expenses affecting tax deductions[20]. - The operating expenses for the six months ended June 30, 2023, were RMB 46,600,000, compared to RMB 59,970,000 for the same period in 2022, showing a decrease of about 22.2%[113]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 3,221,235,000, a decrease from RMB 3,441,318,000 at the end of 2022, indicating a reduction of about 6.4%[60]. - Total liabilities decreased to RMB 2,486,210,000 from RMB 2,709,652,000, reflecting a decline of approximately 8.2%[60]. - The total current liabilities as of June 30, 2023, were RMB 2,000,826 thousand, compared to RMB 2,151,875 thousand as of December 31, 2022, showing a reduction of about 7%[100]. - The debt-to-asset ratio was 77.2% as of June 30, 2023, slightly down from 78.7% as of December 31, 2022[24]. Cash Flow and Financing - Cash used in operating activities for the first half of 2023 was RMB 116,625 thousand, a significant improvement from RMB 259,654 thousand in the same period of 2022, reflecting a reduction of approximately 55%[64]. - The company reported a net cash outflow from financing activities of RMB 36,209 thousand for the first half of 2023, compared to a net inflow of RMB 84,723 thousand in the same period of 2022[64]. - As of June 30, 2023, the company's cash and cash equivalents totaled RMB 389,168 thousand, an increase from RMB 267,888 thousand at the end of June 2022, representing a growth of approximately 45%[64]. - The company has no significant capital commitments as of June 30, 2023[28]. Shareholder Information - The board of directors and senior management hold significant equity interests, with Mr. Wang Xiuchun and Mr. Wang Likai each holding 419,792,836 shares, representing 50.86% of the total shares[39]. - Major shareholders include HuaZi Holding Limited with 315,467,967 shares (38.22%) and Ye Wang Zhou Holding Limited with 104,324,869 shares (12.64%) as of June 30, 2023[42]. - The company has decided not to declare any dividends for the six months ending June 30, 2023, maintaining a cash flow for daily operations and expansion needs[36]. Risk Management - The group is facing various financial risks, including market risk, credit risk, and liquidity risk, with a focus on minimizing potential adverse impacts on financial performance[73]. - The group has no foreign exchange hedging policy currently in place, but management monitors foreign exchange risks and may consider hedging significant risks as needed[75]. - The company maintains a cautious liquidity risk management strategy, ensuring sufficient cash and cash equivalents, along with ample committed credit facilities to support financial flexibility[99]. Related Party Transactions - Related party transactions include various companies controlled by the ultimate holding shareholder, indicating a network of intercompany relationships[165]. - The company reported a total of RMB 57,450 thousand in related party transactions for construction services in the first half of 2023, compared to RMB 46,949 thousand in the same period of 2022, representing a year-over-year increase of approximately 22%[167]. - The company recorded RMB 166,554 thousand in trade and warranty receivables from related parties as of June 30, 2023, an increase from RMB 124,707 thousand as of December 31, 2022, indicating a growth of approximately 33%[176].

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 因依賴該等內容而引致的任何損失承擔任何責任。 華滋國際海洋股份有限公司 Watts International Maritime Company Limited （於開曼群島註冊成立的有限公司） （股份代號：2258） 截至二零 二三年六月三十日止六個月 中期 業績公告 財務摘要 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） 人民幣千元 人民幣千元 收入 1,038,568 1,024,056 毛利 70,663 80,972 除所得稅前利潤 17,687 18,709 期內利潤 12,002 15,301 本公司股東應佔期內綜合收益總額 10,142 15,328 ...