中国碳中和(01372) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$231,099,000, an increase from HK$218,695,000 in the same period of 2021, representing a growth of approximately 0.18%[5] - Gross profit for the period was HK$12,351,000, down from HK$14,973,000 in the previous year, indicating a decline of about 17.6%[5] - Operating profit for the period was HK$3,523,000, significantly lower than HK$54,999,000 in the same period last year, reflecting a decrease of approximately 93.6%[5] - Profit for the period, excluding one-off non-operating gains, was HK$3,438,000, compared to HK$54,999,000 in the previous year, a decline of about 93.7%[5] - Total comprehensive income for the period was a loss of HK$2,203,000, compared to a profit of HK$409,079,000 in the same period of 2021[10] - The company reported a basic earnings per share of 1.3 HK cents, down from 183.0 HK cents in the previous year[10] - The diluted earnings per share was 5.4 HK cents, compared to 104.4 HK cents in the same period last year[10] - Profit attributable to owners of the Company for the six months ended June 30, 2022, was HK$3,916,000, a significant decrease from HK$407,964,000 in the same period of 2021[65] - The adjusted net profit, excluding one-off non-operating gains, was HK$3.4 million, compared to HK$55.0 million in 2021, indicating a decline of approximately 93.8%[132] Assets and Liabilities - Total non-current assets decreased to HK$25,866,000 as of June 30, 2022, down from HK$37,151,000 as of December 31, 2021, representing a decline of approximately 30.5%[14] - Total current assets increased to HK$516,881,000 as of June 30, 2022, up from HK$447,666,000 as of December 31, 2021, reflecting an increase of about 15.5%[14] - Net current assets rose to HK$336,353,000 as of June 30, 2022, compared to HK$272,066,000 as of December 31, 2021, indicating a growth of approximately 23.7%[14] - Total non-current liabilities amounted to HK$235,043,000 as of June 30, 2022, an increase from HK$222,156,000 as of December 31, 2021, marking a rise of about 5.5%[15] - Net assets increased significantly to HK$127,176,000 as of June 30, 2022, compared to HK$87,061,000 as of December 31, 2021, representing a growth of approximately 46.1%[15] - Cash and cash equivalents were reported at HK$84,941,000 as of June 30, 2022, slightly down from HK$88,266,000 as of December 31, 2021, a decrease of approximately 3.7%[14] Segment Performance - The Group operates two reportable segments: Global Carbon Neutral Business and Civil Engineering and Construction Business[35][39]. - Segment revenue for 2022 was HK$420,000, compared to HK$231,099,000 in 2021, indicating a significant increase[40] - Segment results showed a profit of HK$41,409,000 in 2022, down from HK$104,008,000 in 2021, reflecting a decrease of approximately 60%[40] - The revenue from the Global Carbon Neutral Business was approximately HK$0.42 million, with a segment profit of approximately HK$41.4 million, down from approximately HK$104.0 million in 2021[140] Cash Flow - For the six months ended June 30, 2022, the net cash flows used in operating activities amounted to HK$36,199,000, an improvement from HK$68,323,000 in the same period of 2021[21] - The net cash flows used in investing activities were HK$12,987,000, compared to HK$23,737,000 in the prior year, indicating a reduction in investment outflows[21] - The financing activities generated net cash flows of HK$45,901,000, a significant decrease from HK$143,124,000 in the previous year[21] Carbon-Credit Assets - The company reported a significant increase in carbon-credit assets, which rose to HK$244,768,000 as of June 30, 2022, from HK$193,188,000 as of December 31, 2021, representing an increase of approximately 26.7$31,000,000 during the reporting period[19] - The Group raised approximately HK$31.0 million by issuing 10,000,000 shares during the first half of 2022, enhancing its capital and equity[137] - The company issued zero coupon convertible bonds with an aggregate principal amount of HK$390,000,000 as part of the acquisition of the Automotive Engines Business[102] - The total carrying amount of convertible bonds was HK$480,557,000 as of June 30, 2022, down from HK$482,935,000 as of December 31, 2021[101] Strategic Initiatives - The Group established the "ASEAN Strategic Committee" to enhance its carbon neutral business strategy and promote entry into the ASEAN market[175] - A memorandum of understanding was signed with SMRT Experience Pte Ltd for strategic cooperation to develop carbon neutral business in the ASEAN region, leveraging Singapore's position in the carbon market[176] - The Group plans to initiate the establishment of a Global Carbon Asset Fund in collaboration with well-known institutions, intending to invest 1 million tons of VCS carbon credit assets[177] Challenges and Outlook - The civil engineering and construction business faces challenges such as rising costs and labor shortages, but the Group remains confident in securing promising opportunities due to its extensive experience[186] - The Group's carbon neutral business strategy will continue to be actively developed in the second half of 2022[174]