滨海投资中期报告 2024

2024INTERIM REPORT中 期 報 告 The board (the “Board”) of directors (the “Directors”) of Binhai Investment CompanyLimited (the “Company” and together with its subsidiaries, the “Group”) is pleased toannounce the unaudited consolidated results of the Group for the six months ended30 June 2024 (the “Period”) together with the comparative unaudited figures for thecorresponding period in 2023. The unaudited condensed consolidated interim financialstatements have been reviewed by the audit committee of the Company. Financial Highlights Financial Information Financial Information Financial Information Interim Condensed Consolidated Statement ofComprehensive Income Financial Information Financial Information Interim Condensed Consolidated Statement of FinancialPosition (Continued)As at 30 June 2024 Financial Information Financial Information Interim Condensed Consolidated Statementof Changes in Equity For the six months ended 30 June 2024 Changes in equity of the Group during the six months ended 30 June 2024 and 2023 are asfollows: Note:Pursuant to relevant PRC regulation, the Group is required to transfer certain percentageon revenue generated from activities relating to construction, installation andtransportation of gas or other dangerous chemicals into a designated fund. The fund willbe used for installation and repair and maintenance of safety facilities. The movementof specialised reserve in this period refers to the amount provided according to relevantlaws and regulations and the amount utilised during the period. Financial Information Interim Condensed Consolidated Statementof Changes in Equity (Continued) For the six months ended 30 June 2024 Financial Information Notes to the condensed consolidated interim financial statements For the six months ended 30 June 2024 1.GENERAL INFORMATION 1. 1323205–07 The Company was incorporated in Bermuda on 8 October 1999, with its principalplace of business at Suites 3205-07, 32/F, Tower Two, Times Square, 1 MathesonStreet, Causeway Bay, Hong Kong. Its ordinary shares are listed on The StockExchange of Hong Kong Limited (“HKEx”). The Company is an investment holding company. The Company and itssubsidiaries are hereafter together referred to as the Group. As at 30 June 2024, TEDA Hong Kong Property Company Limited (“TEDA HK”)(an indirect subsidiary of TEDA Investment Holding Co., Ltd. (“TEDA”)), togetherwith TEDA’s other subsidiaries, held approximately 40.63% of the total ordinaryshares of the Company in issue, and Great Wall Energy Investment (Hong Kong)Limited (“Great Wall Energy HK”) (a wholly-owned subsidiary of China Petroleum& Chemical Corporation (“Sinopec”)) held approximately 29.97% of the totalordinary shares of the Company in issue. TEDA is the largest ultimate shareholderof the Company and Sinopec is the second largest ultimate shareholder of theCompany. 40.63%29.97% The Group’s condensed consolidated interim financial statements are presentedin Hong Kong Dollars (“HK$”) and the functional currency of Company and itssubsidiaries is Renminbi (“RMB”). 2. 2.BASIS OF PREPARATION (i)34 (i)Compliance with HKAS 34 and Listing Rules The condensed consolidated interim financial statements have been prepared inaccordance with Hong Kong Accounting Standard 34 Interim Financial Reporting(“HKAS 34”) issued by the Hong Kong Institute of Certified Public Accountants(“HKICPA”) as well as with the applicable disclosure requirements of Appendix D2to the Rules Governing the Listing of Securities on the HKEx (the “Listing Rules”). 3434D2 (ii) (ii)Historical cost convention The condensed consolidated interim financial statements have been prepared ona historical cost basis except for certain financial assets that are measured at fairvalues. Notes to the condensed consolidated interim financial statements For the six months ended 30 June 2024 (iii) (iii)Going concern 1,163,741,0001,183,013,000454,214,000907,012,000 As at 30 June 2024, the Group’s current liabilities exceeded its current assetsby approximately HK$1,163,741,000. The Group’s current liabilities as at 30June 2024 included primarily trade and other payables, contract liabilities andcurrent borrowings of approximately HK$1,183,013,000, HK$454,214,000 andHK$907,012,000, respectively. 12716,955,000769,926,000 Based on the considerations that 1) the Group will maintain its profitability andgenerate net cash from its operations, and 2) the Group has access to contractedor secured loan facilities totaling approximately RMB716,955,000 (equivalent toapproximately HK$769,926,000) from certain banks and other financial institutionsas of the date of approval of these consolidated financial statements, managementconcluded that the Group will have sufficient financial resources to support itsoperations and to meet its financial obligations and commitments as and whenthey fall due in the coming twelve months from 30 June 2024. The Directors have reviewed the management’s assessment toget