Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 1,595.3 million, a decrease of 10.4% compared to RMB 1,780.5 million in 2023[7]. - Operating loss for 2024 was RMB 48.9 million, significantly improved from a loss of RMB 164.9 million in 2023[7]. - Net loss attributable to shareholders for 2024 was RMB 46.3 million, compared to a net loss of RMB 155.2 million in the previous year, reflecting a reduction of 70%[7]. - Total assets decreased to RMB 2,030.7 million in 2024 from RMB 2,177.4 million in 2023, indicating a decline of 6.7%[7]. - The gross margin for the reporting period was a loss of approximately 2.05%, an improvement from a loss of 4.02% in the previous year[33]. - The pre-tax loss for the reporting period was approximately RMB 47,727,000, significantly reduced from a pre-tax loss of RMB 165,460,000 in the previous year[33]. - As of December 31, 2024, total equity attributable to shareholders was approximately RMB 1,384,347,000, down from RMB 1,430,673,000 as of December 31, 2023[36]. - The group's cash and cash equivalents were approximately RMB 694,790,000 as of December 31, 2024, down from RMB 789,473,000 as of December 31, 2023[37]. - The asset-to-liability ratio was approximately 0.32 as of December 31, 2024, compared to 0.34 as of December 31, 2023[38]. - The total employee cost for the reporting period was approximately RMB 112,299,000, down from RMB 128,952,000 in the previous year[47]. Strategic Initiatives - The company aims to enhance its service quality and expand its market presence while focusing on safety management and governance improvements[8]. - The board plans to deepen institutional reforms and optimize governance structures to enhance operational efficiency[11]. - The company is committed to developing new user services and value-added offerings to drive profit growth[11]. - In 2025, the company will focus on innovation and practical efforts to achieve its annual targets[12]. - The management is actively promoting value-added services to existing customers while seeking new markets to enhance revenue potential[18]. - The company emphasizes compliance and risk management as part of its strategic initiatives for sustainable development[9]. - The group aims to enhance investor confidence by establishing a complete, transparent, and compliant system while maintaining shareholder returns[30]. - The board will continue to focus on the core business of pipeline gas, retaining existing markets and developing new users[30]. - The group plans to actively optimize gas source structure to reduce gas procurement costs[30]. - The company aims to enhance cash flow growth while optimizing operational costs and maximizing project returns[49]. - The company plans to focus on market expansion and user acquisition while optimizing gas source structure to reduce input costs[51]. - The company remains optimistic about the natural gas industry in China, anticipating continued growth driven by government policies promoting cleaner energy[48]. Governance and Management - Mr. Wang Cong has been appointed as the Chairman and Executive Director of the company effective February 19, 2024[57]. - The company held a board and supervisory committee election on June 27, 2024, resulting in changes to the board composition[57]. - The company currently has three executive directors, three non-executive directors, and three independent non-executive directors as of the date of the annual report[64]. - The board includes members with extensive experience in finance, engineering, and management, contributing to the company's strategic direction[71]. - The board consists of six male and three female members, providing diverse and balanced perspectives[100]. - The board has adopted a diversity policy to ensure at least one female representative is maintained[100]. - The nomination committee regularly reviews the board diversity policy to ensure effective implementation[101]. - The board aims to maintain a balance of skills and experiences to support effective decision-making[101]. - The company has established a written guideline for the nomination committee to ensure qualified candidates are recommended[101]. - The board has conducted three shareholder meetings this year, ensuring that all directors are well-informed to address shareholder inquiries[109]. - The board has approved the annual budget and reviewed the operational and financial performance of the company[111]. - The company has established a clear governance structure supported by three committees: the Compensation Committee, the Nomination Committee, and the Audit Committee[120]. - Independent non-executive directors have confirmed their independence and continue to provide balanced and independent opinions to the board[116]. - The company has implemented a comprehensive training program for directors to ensure they are well-versed in corporate governance policies and regulations[118]. - The board has received annual independence confirmations from all existing independent non-executive directors, ensuring no serious interference in their independent judgment[116]. Shareholder Relations and Dividends - The company has established a framework for shareholders to propose temporary resolutions at shareholder meetings if they hold more than 3% of shares[159]. - The company will withhold and pay personal income tax at a rate of 10% on dividends distributed to H-share individual holders[165]. - As of December 31, 2024, the company's distributable reserves for shareholders amounted to approximately RMB 282 million, a decrease from RMB 328 million in 2023[171]. - The company does not recommend the distribution of dividends for the year ending December 31, 2024, consistent with the previous year[164]. - The board considers various factors when determining dividend levels, including operational performance, cash flow, and financial condition[151]. - The company maintains a dividend policy aimed at enhancing transparency in dividend distribution[150]. - The board of directors approved a dividend of $0.50 per share, reflecting a commitment to returning value to shareholders[10]. Operational Developments - The group continues to develop pipeline gas operations in Tianjin and Ulanqab, Inner Mongolia, with pipeline gas sales being the main source of revenue[35]. - The company is exploring various options for the potential sale of assets from its Jining branch, with no confirmed bidders as of the latest announcements[60]. - The company has established service agreements for directors and supervisors, effective until the conclusion of the annual general meeting in 2027[181]. - The company has established an internal audit department with 2 personnel to oversee internal audit activities[143]. - The company conducts annual risk assessments to identify major risks and fulfill its risk management responsibilities[141]. - The company has implemented measures to ensure compliance with information disclosure obligations and to handle insider information appropriately[144]. Market Position and Future Outlook - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[5]. - Research and development investments increased by 30%, totaling $300 million, focusing on innovative technologies[6]. - The company completed a strategic acquisition of a tech startup for $100 million, enhancing its product offerings[7]. - A new partnership was announced with a leading firm to enhance distribution channels, expected to increase sales by 10%[8]. - The company is implementing cost-cutting measures aimed at reducing operational expenses by 15% over the next fiscal year[9]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $30 million allocated for potential deals[7]. - Operational efficiency improvements are expected to reduce costs by 10%, translating to savings of approximately $5 million annually[8]. - The company has established a new partnership that is anticipated to generate an additional $20 million in revenue over the next year[9].

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 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 □ 是 ✓ 否 1 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 中 外 合 資 股 份 有 限 公 司 ） （ 股 份 代 號 ： 56 8） 未 經 審 核 2025年 第 一 季 度 報 告 本 公 告 乃 按 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第 13. 09 及 13. 10B 條 及 香 港 法 例 第 571 章 證 券 及 期 貨 條 例 第 XIVA 部 的 内 幕 消 息 條 文 發 出 。 山 東 墨 龍 石 油 機 械 股 份 有 限 公 司 （ 「 公 司 」 ） 202 5 財 政 年 度 的 第 一 季 度 報 告 載 列 如 下 ： 本 公 司 及 本 公 司 董 ...

綜合財務報表： 公司資料 2 首席執行官報告 3 若干財務項目的管理層討論及分析 6 若干業務環節的管理層討論及分析 14 董事及高級管理人員的個人簡歷 31 企業管治報告 37 董事會報告 57 獨立核數師報告 78 綜合全面收益表 83 綜合資產負債表 84 綜合權益變動表 86 綜合現金流量表 87 綜合財務報表附註 88 五年財務概要 152 釋義 153 環境、社會及管治報告2024 157 公司資料 執行董事 劉軍博士 （首席執行官） 非執行董事 付山先生 （董事長） 黃純瑩女士 （副董事長） 劉衛東博士 獨立非執行董事 1 目錄 胡蘭女士 張鴻仁先生 汪德潛博士 審計與關聯方交易審核委員會 1 胡蘭女士 （主席） 劉衛東博士 張鴻仁先生 薪酬委員會 1、2 劉衛東博士 （主席） 張鴻仁先生 汪德潛博士 提名委員會 1 付山先生 （主席） 胡蘭女士 汪德潛博士 戰略及ESG委員會 1 付山先生 （主席） 劉軍博士 黃純瑩女士 劉衛東博士 汪德潛博士 聯席公司秘書 陳一帆先生 呂穎一先生 （香港公司治理公會及英國特許公司治理公會會員） 授權代表 劉軍博士 呂穎一先生 附註： 股份過戶登記處 卓佳證券 ...

(於百慕達註冊成立之有限公司) 股份代號：1068 二零二四年年報 目 錄 2 I 公司資料 3 I 主席報告書 6 I 管理層之論述及分析 16 I 董事簡歷 17 I 企業管治報告書 36 I 董事會報告書 董事會 執行董事 祝 媛 （主席及首席執行官） 楊林偉 獨立非執行董事 51 I 獨立核數師報告 53 I 綜合損益及其他全面收益表 55 I 綜合財務狀況表 57 I 綜合權益變動表 58 I 綜合現金流量表 60 I 綜合財務報表附註 121 I 主要附屬公司名單 122 I 五年概要 李詠思 HKICPA, FCCA 授權代表 高 輝 陳建國 徐幸蓮 審核委員會 高 輝 （主席） 陳建國 徐幸蓮 薪酬委員會 高 輝 （主席） 陳建國 祝 媛 提名委員會 陳建國 （主席） 高 輝 祝 媛 公司秘書 Appleby Global Corporate Services (Bermuda) Limited Canon 's Court, 22 Victoria Street PO Box HM 1179, Hamilton HM EX Bermuda 祝 媛 李詠思 核數師 香港立信德豪會計師事務所有限 ...

年 報 2024 | 公司資料 | 2 | | --- | --- | | 主席報告書 | 4 | | 董事及高級管理層履歷 | 6 | | 管理層論述及分析 | 11 | | 董事會報告 | 23 | | 企業管治報告 | 35 | | 環境、社會及管治報告 | 57 | | 獨立核數師報告 | 100 | | 經審核綜合財務報表 | | | 綜合損益表 | 109 | | 綜合全面收益表 | 110 | | 綜合財務狀況表 | 111 | | 綜合權益變動表 | 114 | | 綜合現金流量表 | 115 | | 綜合財務報表附註 | 117 | | 五年財務摘要 | 228 | | 釋義 | 230 | 目 錄 公司資料 董事會 非執行董事 王成先生 （主席） 譚杰予女士 執行董事 陳慶華先生 （行政總裁） 魯昕政先生 獨立非執行董事 洪嘉禧先生 馬立山先生 關浣非先生 審計委員會 洪嘉禧先生 （主席） 馬立山先生 關浣非先生 薪酬委員會 關浣非先生 （主席） 洪嘉禧先生 馬立山先生 提名委員會 洪嘉禧先生 （主席） 王成先生 馬立山先生 關浣非先生 執行委員會 魯昕政先生 駱晓菁女士 公司秘書 駱晓菁 ...

本年報的中、英文版本已登載於本公司網站http://www.conchenviro.com（「本公司網站」）。已選擇 或被視為同意透過本公司網站收取本公司的公司通訊（「公司通訊」）的股東，如因任何理由在收取或 下載於本公司網站登載的公司通訊有任何困難，只要提出要求，均可立刻獲免費發送公司通訊的印 刷本。 股東可隨時更改收取公司通訊的方式的選擇（即收取公司通訊的印刷本，或透過本公司網站取得公 司通訊）。 股東可於任何時間以書面通知本公司的股份過戶登記處香港中央證券登記有限公司，地址為香港灣 仔皇后大道東183號合和中心17樓1712–1716室提出收取本年報的要求及╱或更改收取公司通訊的 方式的選擇。 目 錄 | 釋 | 義 | | | | | | | | | | | | | | | | | | | | 2 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

2024 Lanson Place Hong Kong (Cover & Above) 本年報的封面及本頁圖片均攝於香港逸蘭酒店 Hong Kong (香港) Hong Kong (香港) New Lanson Place Openings in 2024 - Hong Kong, Shenzhen, Manila and Melbourne 逸蘭於 2024 年新開幕的項目，包括香港、深圳、馬尼拉和墨爾本 Melbourne (墨爾本) Melbourne (墨爾本) 雕 琢 雋 永 價 值 目錄 | 公司資料 | 6 | | --- | --- | | 集團主要投資 | 7 | | 財務摘要 | 8 | | 五年財務摘要 | 9 | | 主席報告 | 10 | | 管理層討論及分析 | 12 | | 董事及高級管理人員簡介 | 21 | | 董事會報告書 | 26 | | 企業管治報告 | 46 | | 獨立核數師報告書 | 66 | | 綜合收益表 | 71 | | 綜合全面收益表 | 72 | | 綜合資產負債表 | 73 | | 綜合權益變動表 | 75 | | 綜合現金流量表 | 77 | | 綜 ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 27,026,490, a decrease of 12.4% compared to RMB 30,868,289 in 2023[7] - Gross profit for 2024 was RMB 7,293,298, down 10.2% from RMB 8,121,014 in the previous year[7] - Profit for the year decreased by 29.4% to RMB 1,638,017 from RMB 2,320,346 in 2023[7] - In 2024, China Lesso recorded revenue of RMB 27,026 million, a decrease of 12.1% compared to RMB 30,868 million in 2023[17] - Profit attributable to owners of the Company was RMB 1,684 million, down from RMB 2,368 million in the previous year, representing a decline of 29.0%[17] - China Lesso reported total revenue of RMB 27.026 billion and a profit attributable to shareholders of RMB 1.684 billion for the year ending December 31, 2024[21] - Basic earnings per share for 2024 were RMB 0.55, a decrease of 28.6% compared to RMB 0.77 in 2023[7] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 58,329,059, a decline of 2.8% from RMB 60,031,270 in 2023[7] - Total debts decreased by 5.1% to RMB 19,645,705 from RMB 20,695,637 in 2023[7] - Non-current liabilities increased to RMB 12,332 million in 2024, up from RMB 11,207 million in 2023, reflecting a rise of 10.1%[1] - The Group's equity attributable to owners increased to RMB 23,844 million in 2024 from RMB 23,503 million in 2023, a growth of 1.4%[1] Dividends - Proposed final dividend per share remains at 20 HK cents, unchanged from the previous year[7] - The Board recommended a final dividend of HK 20 cents per share for the year ended 31 December 2024[17] - The board proposed a final dividend of HKD 0.20 per share to reward shareholders for their support and share in the performance results[21] Strategic Focus and Growth - The Group plans to focus on quality and innovation as key drivers for future growth, aiming to enhance its core products and increase market share[19] - China Lesso aims to expand its industrial footprint while maintaining a strong focus on the piping sector[19] - Despite external uncertainties, China Lesso is confident in achieving stable economic growth, leveraging its 38 years of development foundation[21] - The company aims to strengthen its core pipeline industry and optimize its product mix to increase market share[21] - China Lesso will accelerate smart manufacturing upgrades by leveraging advanced technologies such as AI and IoT to boost core competitiveness[20] - The management team is committed to continuous innovation and seizing overseas opportunities while improving management standards[23] - The company emphasizes sustainable development principles to drive industry transformation and contribute to a brighter future[23] Corporate Governance - The company is committed to maintaining high standards of corporate governance practices, which are essential for sustainable development and investor confidence[73] - The Board currently comprises 14 directors, including 9 executive directors and 5 independent non-executive directors, ensuring a balance of interests[79] - The chairman and chief executive roles are held by different individuals to effectively segregate management responsibilities[87] - All directors confirmed compliance with the Model Code governing securities transactions throughout the year, ensuring adherence to ethical standards[78] - The Company has established various Board Committees, including the Audit Committee, to delegate responsibilities and engage intermediaries for professional opinions[119] Risk Management - The Board is responsible for evaluating and determining the nature and extent of risks in achieving the Group's strategic objectives[173] - The existing risk management and internal control system is deemed sufficient, effective, and adequate by the Board[174] - The Audit Committee continuously monitors and annually reviews the effectiveness of the risk management and internal control system[176] - The Group has established a comprehensive risk management organization structure to manage encountered risks[177] - Material risks identified include macro-economic risks, inappropriate market strategies, raw material price fluctuations, environmental policy adjustments, cybersecurity risks, and climate change risks[198] Management Team Experience - The current executive directors have extensive experience in the plastic pipe industry, with key figures having over 25 years of experience each[27][28][31][32] - Mr. Kong Zhaocong has approximately 31 years of experience in the plastic pipe industry and is responsible for domestic sales[33] - Mr. Chen Guonan has around 35 years of experience in production management within the plastic pipe industry[36] - Dr. Lin Shaoquan has about 22 years of experience in overseas sales and is responsible for the Group's international market[37] - Mr. Luo Jianfeng has 32 years of accounting experience and has held various positions in accounting firms prior to joining the Group[40] - Dr. Song Keming is the chief engineer and president of the Research Institute, focusing on technical research and development[41] Audit and Compliance - The Company appointed Ernst & Young as the independent auditor for the interim results for the six months ended 30 June 2024 and the annual results for the year ended 31 December 2024[90] - The total fees paid to Ernst & Young for audit and non-audit services amounted to RMB 15.27 million, with RMB 9.96 million for annual audit services and RMB 2.00 million for interim results review[129] - The Audit Committee recommended the re-appointment of Ernst & Young as external auditors for the year ended December 31, 2023, based on their confirmation of independence[123] Diversity and Inclusion - The Company has 30% of its workforce as women, with 17.1% at the middle or above managerial level, reflecting a commitment to gender diversity[170] - The Board diversity policy considers various factors including gender, age, cultural background, and professional experience to enhance decision-making[161] - The Company ensures that all employees are treated equally regardless of gender, nationality, age, race, or religion, with impartial recruitment procedures[170]

Financial Performance - In 2024, the Group's revenue was RMB 740.2 million, a decrease of 52% compared to RMB 1,542.3 million in 2023[16] - The Group reported a net loss of RMB 274.0 million in 2024, worsening from a loss of RMB 104.1 million in 2023[16] - The Group's gross profit for 2024 was RMB 28.9 million, recovering from a gross loss of RMB 25.0 million in 2023[16] - The company reported a loss attributable to owners of approximately RMB 25.7 billion for the year ended December 31, 2024, with a basic and diluted loss per share of RMB 3.00[195] - Property sales revenue for the year ended December 31, 2024, was RMB 612.3 billion, a decrease of approximately RMB 795.7 billion (about 56.5%) compared to RMB 1,408.0 billion in 2023[26] - The total delivered property area for the year ended December 31, 2024, was 462.4 million square meters, a decrease of 815.8 million square meters (about 63.8%) from 1,278.2 million square meters in 2023[26] - Gross profit for the year ended December 31, 2024, was approximately RMB 28.9 billion, an increase of RMB 53.9 billion compared to a gross loss of RMB 25.0 billion in 2023, resulting in a gross margin of 3.9%[30] Assets and Liabilities - The total assets of the Group decreased to RMB 8,828.8 million in 2024 from RMB 9,778.5 million in 2023, representing a decline of approximately 9.7%[17] - The total liabilities of the Group decreased to RMB 8,277.3 million in 2024 from RMB 8,940.6 million in 2023, indicating a reduction of approximately 7.4%[17] - The total equity of the Group decreased to RMB 551.5 million in 2024 from RMB 837.9 million in 2023, reflecting a decline of approximately 34.1%[17] - The total equity attributable to the company's owners at the end of 2024 was approximately RMB 40.52 billion, indicating a stable asset base[20] - The group's total cash balance, including restricted cash, decreased from approximately RMB 24.62 billion as of December 31, 2023, to approximately RMB 19.75 billion as of December 31, 2024[40] - The total borrowings of the group as of December 31, 2024, were approximately RMB 259.67 billion, a decrease of approximately RMB 18.16 billion from approximately RMB 277.83 billion as of December 31, 2023[42] Operational Highlights - The Group successfully delivered approximately 170,000 housing units across 84 cities in 2024, ranking among the top in the industry[18] - The Group aims to deliver an additional 60,000 housing units in 2025, continuing its commitment to fulfill delivery obligations[18] - The property management segment, Sunac Services, achieved revenue of approximately RMB 6.97 billion, with third-party revenue growing by about 5.6% year-on-year, accounting for approximately 98% of total revenue[21] - The cultural tourism segment generated revenue of approximately RMB 5.21 billion in 2024, with ongoing efforts to transform into an experience-driven ecological platform[22] Debt Management and Restructuring - The company aims to resolve domestic public market debt risks by 2025, with a comprehensive restructuring plan already approved by bondholders[19] - The company is actively restructuring project-level debt by introducing funds from asset management companies and financial institutions to optimize its debt structure[27] - The company has developed a comprehensive domestic debt restructuring plan, which was approved by creditors in January 2025, to address current debt issues and liquidity pressures[117] - The restructuring plan offers creditors the opportunity to convert their debts into equity, aiming to resolve offshore debt risks and establish a sustainable capital structure[118] - The company is actively seeking broad support from creditors for the restructuring support agreement to ensure successful implementation of the offshore restructuring plan[118] Governance and Management - The company has adopted the corporate governance code and has complied with all applicable provisions for the year ending December 31, 2024[77] - The board consists of six executive directors, one non-executive director, and four independent non-executive directors, ensuring a diverse governance structure[82] - The company emphasizes the importance of high standards of corporate governance to enhance performance and long-term shareholder value[75] - The management team has extensive experience in the real estate industry, with key executives holding significant positions since the company's inception[57][58][59][60] Legal and Compliance Issues - The company faces approximately 414 lawsuits with a total claim amount of about RMB 165.08 billion, primarily related to unpaid loans and project payments[49] - The company is actively negotiating with creditors to resolve various lawsuits and has made provisions for litigation and interest payable[49] - The company has taken measures to mitigate risks associated with potential changes in Chinese laws that could affect the validity of its investment structure[168] Future Outlook - The company anticipates gradual stabilization in core cities and locations, although overall recovery in the real estate market may take longer[22] - The company plans to enhance cooperation with financial institutions to further mitigate project debt risks and revitalize quality assets in 2025[20] - The company is committed to timely and accurate information disclosure to shareholders and investors, enhancing transparency and informed decision-making[130] Employee and Diversity Initiatives - As of December 31, 2024, the total number of employees is 36,364, with 21,583 male employees (59.4%) and 14,781 female employees (40.6%)[105] - The company has adopted a revised employee diversity policy to ensure fair treatment regardless of citizenship, nationality, race, gender, religion, and cultural background[104] - The board currently consists of 10 male directors and 1 female director, with measurable diversity goals deemed satisfactorily implemented as of December 31, 2024[102]

董事 執行董事 李 欣（主席） 郭世清 獨立非執行董事 品質給城市 更多改變 Better Quality Better Life 目錄 CONTENTS | 公司資料 | 2 | 董事會報告 | 110 | | --- | --- | --- | --- | | Corporate Information | | Report of the Directors | | | 集團架構 | 3 | 獨立核數師報告書 | 137 | | Group Structure | | Independent Auditor's Report | | | 全國佈局及業績亮點 | 4 | 綜合損益表 | 147 | | Nationwide Presence and Results Highlights | | Consolidated Statement of Profit or Loss | | | 主要投資物業 | 6 | 綜合損益及其他全面收益表 | 148 | | Major Investment Properties | | Consolidated Statement of Profit or Loss and ...