中国碳中和(01372) - 2022 - 年度财报

Financial Performance - The Group recorded a consolidated revenue of approximately HK$709.3 million for the year ended 31 December 2022, representing an increase of approximately 51.6$468.0 million in 2021[12]. - The gross profit for the year was approximately HK$42.5 million, an increase of approximately 18.4$35.9 million in 2021[12]. - The loss attributable to owners of the Company was approximately HK$197.5 million, compared to a profit of approximately HK$267.7 million in 2021[12]. - Basic and diluted loss per share for the year were HK$63.0 cents, compared to earnings per share of HK$103.4 cents and HK$69.4 cents in 2021[47][50]. - Adjusted net loss attributable to owners, excluding one-off non-operating items, was approximately HK$122.9 million, compared to a profit of HK$35.7 million in 2021[49][50]. Global Carbon Neutral Business - Revenue from the Global Carbon Neutral Business was approximately HK$209.2 million, a significant increase from approximately HK$0.5 million in 2021[19]. - The segment loss for the Global Carbon Neutral Business was approximately HK$30.8 million, compared to a segment profit of approximately HK$149.0 million in 2021[19]. - The Group aims to align with China's commitment to achieve carbon neutrality before 2060 and expand its carbon neutral business operations[18]. - The Group's unique market position focuses on carbon credit asset development, operation and management, investment, and carbon consulting[13]. - The outlook for the Carbon Neutral Business is positive, with expectations for accelerated development in carbon trading markets in China[27]. Civil Engineering and Construction Business - For the year ended 31 December 2022, revenue from the Civil Engineering and Construction Business was approximately HK$500.1 million, representing a 6.5% increase from HK$467.6 million in 2021, and accounted for approximately 70.5$26.0 million in 2022 from approximately HK$36.0 million in 2021, resulting in a gross profit margin decline to approximately 5.2$86.0 million, reflecting an increase of approximately 33.1% from HK$64.6 million in 2021, driven by the expansion of the Global Carbon Neutral Business[40]. - Finance costs decreased to approximately HK$59.4 million, down approximately 21.6% from HK$75.8 million in 2021, due to initiatives to reduce the Group's gearing[41]. - The Group recorded a loss of approximately HK$74.6 million on the partial early repayment of a promissory note, which is expected to reduce long-term finance costs[42]. - The Group's gearing ratio was not available as of 31 December 2022 due to a net deficit in equity, compared to a gearing ratio of 173.0% as of 31 December 2021[111]. - The Group's financial position is expected to improve through the subscriptions, enhancing liquidity and reducing the gearing ratio[136]. Carbon Credit Assets and Development - The balance of carbon-credit assets inventory decreased significantly from approximately HK$193.2 million in 2021 to approximately HK$8.9 million in 2022, a reduction of approximately 95.4%[107]. - The carbon credit assets held by the Group are primarily generated by the Verra mechanism in the United States and the Gold Standard mechanism in Switzerland, mainly consisting of Verified Carbon Standard (VCS) credits[64][65]. - The Group completed the sale and delivery of 2 million tons of high-quality carbon credit assets in Singapore, marking one of the largest carbon emission reduction transactions in Asia[67][70]. - The Group's carbon asset development has diversified co-developers across various industries, enhancing the overall value of its carbon credit asset portfolio[64][65]. Strategic Initiatives and Partnerships - The establishment of the "China Carbon Neutral Development Group ASEAN Strategic Committee" aims to expand the Group's business in the ASEAN region[68][71]. - A memorandum of understanding was signed with SMRT Experience Pte Ltd to jointly develop carbon neutral business in the ASEAN region, leveraging SMRT's extensive media and retail networks[69][71]. - The cooperation with SMRT Corporation includes the development of a carbon emission information database and a carbon emission counting and monitoring system[77]. - The Group aims to establish a "Zero-Carbon Community" across Singapore by exploring enterprises and individuals within SMRT Corporation's ecosystem[77]. Corporate Governance and Leadership - The Group has complied with the Corporate Governance Code (CG Code) since December 11, 2013, ensuring high standards of corporate governance to protect shareholder interests[196]. - The Group regularly reviews its corporate governance practices to ensure compliance with the CG Code and adapt to the latest developments[198]. - The board of directors includes experts with diverse backgrounds in finance, technology, and ecological development, strengthening the company's governance[179][182]. - The leadership team comprises individuals with over 20 years of experience in their respective fields, ensuring robust strategic direction[167][173]. Environmental Commitment and Certifications - The Group's environmental management system has obtained ISO 14001 certification, emphasizing its commitment to sustainable construction and reducing carbon emissions[93]. - The Group's commitment to environmental management is reflected in its ISO 9001 and ISO 14001 certifications, ensuring quality and environmental standards[190]. - The Group's corporate culture aligns with China's strategy for carbon peak by 2030 and carbon neutrality by 2060, focusing on carbon neutral initiatives[195].