中国碳中和(01372) - 2021 - 年度财报

Financial Performance - The Group recorded a segment profit of approximately HK$149.0 million for the Global Carbon Neutral Business in 2021[12]. - The operating profit for the year was approximately HK$41.7 million, a turnaround from a loss of approximately HK$286.1 million in 2020[12]. - Profit attributable to owners of the Company for the year was approximately HK$267.7 million, compared to approximately HK$302.0 million in 2020[12]. - Revenue from the Civil Engineering and Construction Business was approximately HK$467.6 million, slightly down from approximately HK$475.3 million in 2020, with segment profit increasing to approximately HK$7.2 million from approximately HK$2.6 million[45]. - The Group recorded a gain of approximately HK$269.2 million from the disposal of its wholly owned subsidiary, which represented the entire Automotive Engines Business[45]. - The Group raised approximately HK$421.1 million through the issuance of 82,000,000 shares, significantly improving its capital structure[45]. - The Group waived approximately HK$99.3 million in interest payable on promissory notes as part of its efforts to reduce liabilities[45]. - The gearing ratio as of December 31, 2021, was 173%, reflecting a significant improvement from a negative equity position in 2020[109]. - The company's financial position was significantly improved due to the aforementioned corporate actions[108]. Carbon Neutral Business Development - The Group's carbon asset operation and management business focuses on carbon consulting, auditing, and development services, aiming to expand into carbon trading and related areas[19]. - The carbon negative business segment includes the development of carbon capture, utilization, and storage (CCUS) technology, along with investments in afforestation[20]. - The Group established a unique market position in carbon neutral operations, focusing on carbon credit asset development and management[13]. - The Group enhanced its organizational structure and management team to adapt to the new carbon neutral business[14]. - The Group is focused on developing carbon asset projects and aims to promote carbon neutrality and eco-friendly awareness across society in 2022[26]. - The Group plans to carry out its first CCUS project for a client, emphasizing its commitment to carbon neutral business development[26]. - The Group has made significant progress in expanding its carbon neutral business, focusing on carbon credit asset development, management, and investment[38]. - The Group's strategic planning for carbon neutrality aligns with the Chinese government's policies promoting carbon neutrality[38]. - The Group's carbon neutral business includes both industrial carbon negative and natural carbon negative initiatives, contributing to sustainable green investments[26]. - The Group is actively investing in projects that genuinely reduce emissions and respond to climate change[26]. - The Group's strategic focus on carbon neutral business includes carbon credit asset development, operation, management, and consulting services, establishing a unique market position[47][51]. - The Group's carbon neutral business management team consists of experts with extensive experience in financial and asset management, enhancing the company's capabilities in the carbon market[51]. - The Group's organizational structure has been optimized to support its carbon neutral business, including the establishment of specialized divisions for carbon asset management and negative carbon initiatives[49][52]. - The Group aims to create a win-win business cooperation model through collaboration with Beijing Jinmao Green Building Technology Co., Ltd. on low-carbon cities and green construction[58]. - The Group's carbon consulting business will integrate digital solutions to support financial institutions in achieving carbon neutrality under the national "dual carbon" strategies[66]. - The Group is preparing to establish the Global Carbon Asset Investment Management Fund, L.P. to enhance its leadership in carbon asset operation and attract more funds to the carbon market[80]. - The Group aims to cut China's CO2 emissions by 2% through its carbon negative business, targeting negative carbon emissions of 100 million metric tons from nature-based and technology-based solutions[80]. - The investment in afforestation is expected to absorb 100 million metric tons of CO2, while CCUS projects will reduce another 100 million metric tons of CO2 emissions[80]. Civil Engineering and Construction Business - The Civil Engineering and Construction Business managed to record stable performance despite challenges from the COVID-19 outbreak[21]. - The civil engineering and construction business is expected to face challenges such as rising labor costs and material prices, but the Group remains confident in securing business opportunities due to its extensive experience[27]. - As of December 31, 2021, the Group has significant contracts in civil engineering, including a contract sum of HK$173 million for barrier-free access facilities[33]. - For the year ended 31 December 2021, revenue from the Civil Engineering and Construction Business was approximately HK$467.6 million, representing about 99.9% of the total revenue of the Group[88]. - The gross profit for the Civil Engineering and Construction Business increased to approximately HK$36 million, with a gross profit margin of 7.6%, up from 3.1% in 2020[88]. - The Group secured 6 new substantial contracts during the year, including projects at LOHAS Park and Lamma Power Station[90][93]. - The Group's environmental management system has achieved ISO 14001 certification, emphasizing its commitment to sustainable construction practices[88]. - The operating environment in Hong Kong is expected to remain challenging due to rising wages and construction material costs, but the Group is confident in securing new business opportunities[99]. Corporate Governance and Management - Mr. Chen Xinwei has been appointed as the CEO and executive director since March 2, 2021, leading the Group's Carbon Neutral Business[176]. - Mr. Di Ling, appointed as an executive director on March 18, 2021, is responsible for developing corporate strategies for the Carbon Neutral Business[181]. - Dr. Cui Dingjun, also appointed on March 18, 2021, is an expert in fluid mechanics and has extensive experience in energy conservation projects[182]. - Mr. Chen Lei, appointed as an executive director on May 13, 2021, is a well-known expert in ecological construction in China[186]. - The company focuses on strategic investments in the Carbon Neutral Business, with a team of experienced directors leading various initiatives[181][182]. - The Group aims to mobilize resources effectively to ensure the implementation of carbon-neutral strategies[176]. - The company has a strong emphasis on risk management and corporate finance, as demonstrated by the backgrounds of its executive directors[181][182]. - The leadership team includes professionals with over 20 years of experience in global capital markets and financial services[176][181]. - The board of directors includes members with diverse expertise, enhancing the company's strategic direction in the carbon-neutral sector[181][186]. - The independent directors bring a wealth of knowledge in technology and finance, which is crucial for the company's innovation and market expansion strategies[192]. Strategic Partnerships and Collaborations - The Group has established a strategic cooperation agreement with Sinochem Environmental Holdings Co., Ltd. to develop carbon asset projects, leveraging its resources in China's ecological environment and carbon emissions reduction technologies[57]. - A joint venture named China Carbon Infogem Technologies Development (Shenzhen) Co., Ltd. was formed with Shenzhen Infogem Technologies Co., Ltd. to provide integrated digital carbon neutral solutions for financial institutions, enterprises, and governments[65]. - The Group's carbon asset development projects include partnerships with China Everbright Group Ltd. and Canvest Environmental Protection Group Company Limited for specific emission reduction initiatives[62]. - The Group formed a joint venture, China Carbon Nanjing, focusing on carbon asset development consulting and providing comprehensive consulting services for achieving carbon neutrality for over 40,000 enterprises in Heilongjiang Pilot FTZ[69][70]. - The Group won a bid for a carbon neutral project in Heilongjiang Pilot FTZ, enhancing its strategic position as a "one-stop" carbon neutral solutions provider[70][71]. Market Position and Future Outlook - The Group's competitive advantages include high-quality service delivery and strong client relationships, which have contributed to stable performance despite market challenges[90]. - The Paris Agreement and global carbon neutrality goals create diversified demand for carbon assets, which the Group plans to leverage for long-term growth[95][99]. - The company is focused on sectors including life sciences, clean energy, green finance, and fintech, as indicated by the expertise of its board members[189]. - The focus on green finance and clean energy aligns with global trends towards sustainability, positioning the company favorably for future investments[189].