Financial Performance - Total revenue for the period from January 1, 2023, to June 30, 2024, reached HKD 959,084,000, compared to HKD 709,306,000 for the previous year, representing an increase of approximately 35.2%[1] - Gross profit for the same period was HKD 49,905,000, up from HKD 42,506,000, indicating a growth of about 17.8%[2] - The company reported a net loss of HKD 137,338,000 for the current period, compared to a net loss of HKD 199,038,000 in the previous year, reflecting a reduction in losses by approximately 30.9%[3] - The loss attributable to owners of the company, after excluding one-off non-operating items, was HKD 132,345,000, compared to HKD 124,471,000, reflecting an increase of about 6.3%[3] - The company reported a loss of HKD 137,338,000 for the period ending June 30, 2024, compared to a loss of HKD 199,038,000 for the same period in 2023, representing a 30.9% improvement in losses[4] - The basic and diluted loss per share for the current period was HKD (28.90), compared to HKD (63.0) for the previous year, indicating a significant reduction in loss per share[5] - The total comprehensive expenses for the period were HKD 143,823,000, down from HKD 210,859,000, reflecting a decrease of 31.8%[4] Expenses and Liabilities - Research and development expenses increased to HKD 12,019,000 from HKD 4,018,000, marking a rise of about 199.5%[2] - Administrative and selling expenses rose to HKD 102,279,000, compared to HKD 86,014,000, which is an increase of approximately 18.9%[2] - The company incurred financial expenses of HKD 72,647,000, compared to HKD 59,420,000, indicating an increase of approximately 22.2%[2] - Total liabilities increased to HKD 331,308,000 from HKD 156,908,000, representing a rise of 111.1%[7] - The group has a contingent liability of HKD 16.8 million as of June 30, 2024, down from HKD 31.8 million in the previous year[41] Assets and Equity - Total non-current assets increased to HKD 67,511,000 as of June 30, 2024, from HKD 33,514,000 in the previous year, reflecting a growth of 101.5%[6] - Current assets totaled HKD 296,745,000, up from HKD 281,024,000 year-over-year, showing an increase of 5.5%[6] - The company’s cash and cash equivalents rose to HKD 138,125,000, compared to HKD 76,117,000 in the previous year, marking an increase of 81.5%[6] - The company’s equity attributable to owners was HKD 2,176,000, compared to a loss of HKD 49,146,000 in the previous year, indicating a recovery in equity[7] Segment Performance - The group reported segment revenue of HKD 4,141,000 for the Global Carbon Neutral segment for the period from January 1, 2023, to June 30, 2024[16] - The group recorded a segment loss of HKD (61,905,000) for the Global Carbon Neutral segment during the same period[16] - The Civil Engineering and Construction segment generated revenue of HKD 500,128,000 for the period from January 1, 2023, to June 30, 2024[16] - The group reported a segment profit of HKD 4,223,000 for the Civil Engineering and Construction segment[16] Strategic Focus and Future Outlook - The company has emphasized its commitment to expanding its carbon neutrality business and enhancing its digital technology services[1] - Future outlook includes a focus on new product development and market expansion strategies to drive growth[1] - The group plans to continue developing existing carbon credit assets and explore new carbon projects to ensure a steady supply of carbon credits[10] - The group aims to monitor and control administrative costs and future capital expenditures carefully[10] - The group is focusing on global carbon neutrality business, including carbon credit asset trading and development, and plans to collaborate with Qidi Industrial Park in the new energy sector[44] Acquisitions and Investments - The company acquired 73% of Shenzhen Jianxin Building and Technology Co., Ltd. for HKD 19,686,000, which will be renamed Zhong Carbon Green Technology (Shenzhen) Co., Ltd. after the merger on April 7, 2024[37] - The company also purchased 60% of Henan Zailiang New Energy Recycling Co., Ltd. for HKD 30,000,000, which is approved by the Ministry of Industry and Information Technology of China for lithium battery recycling[37] - The group has completed the cash acquisition of 60% of Henan Zailiang New Energy, a lithium battery recycling company approved by the Ministry of Industry and Information Technology of China[55] Corporate Governance and Compliance - The group has maintained a high level of corporate governance to protect shareholder rights and enhance corporate value[64] - The audit committee currently consists of three independent non-executive directors, ensuring compliance with listing rules[67] - The financial statements have been prepared based on the Hong Kong Financial Reporting Standards and cover an 18-month period[9] Environmental Initiatives - The group successfully registered the first fertilizer carbon reduction project on the VCS platform in Huoqiu County, achieving an annual reduction of 76,000 tons of CO2 equivalent over a ten-year period, totaling 760,000 tons[47] - The waste incineration power generation project in Yingkou registered on the VCS platform, with an annual reduction of 245,000 tons of CO2 equivalent, totaling 5.145 million tons over a 21-year period[47] - The biogas recovery project in Henan Wei Hang registered on the VCS platform, achieving an annual reduction of 37,500 tons of CO2 equivalent, with a total reduction of 265,000 tons over the first seven years[47] - The group aims to reduce 2% of China's CO2 emissions, targeting a total of 100 million tons of negative carbon emissions through natural and technological solutions[48]
中国碳中和(01372) - 2024 - 年度业绩