泛亚环保二零二四年中期报告

Contents目錄 Corporate Information2Management Discussion and Analysis4Other Information9Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome13Condensed Consolidated Statement ofFinancial Position15Condensed Consolidated Statement ofChanges in Equity17Condensed Consolidated Statement ofCash Flows18Notes to the Condensed ConsolidatedInterim Financial Statements192491315171819 Corporate Information公司資料 DIRECTORS 執行董事 Executive Directors Zhu Duke Li Mr. Guo Jiannan(Chairman)(resigned as Chief Executive Officer on 12 April 2024)Mr. Zhu Duke Li(Chief Executive Officer)(appointed on 12 April 2024)Ms. Pan Chang 獨立非執行董事 Independent Non-executive Directors Mr. Leung Shu Sun, SunnyMr. Hu JianjunMr. Chen Xuezheng COMPANY SECRETARY Mr. Wan San Fai, Vincent AUTHORISED REPRESENTATIVES Mr. Guo JiannanMr. Wan San Fai, Vincent PRINCIPAL BANKERS China Everbright Bank Company LimitedChina CITIC Bank International LimitedHang Seng Bank LimitedChina Construction Bank Corporation INDEPENDENT AUDITOR 17310 Ascenda Cachet CPA Limited10/F, Tien Chu Commercial Building173 Gloucester RoadWanchaiHong Kong LEGAL ADVISER •140 Chiu & Partners40/F, Jardine House1 Connaught PlaceCentralHong Kong Corporate Information公司資料 PUBLIC RELATIONS 18124 Strategic Financial Relations Limited24/F, Admiralty Centre I18 Harcourt RoadHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL PLACE OF BUSINESS IN THE PRC Baihe Industrial ParkXinjie StreetYixing CityJiangsu ProvinceThe PRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG 28151506 Room 1506, 15/FLippo Sun PlazaNo. 28 Canton Road, Tsim Sha TsuiKowloon, Hong Kong WEBSITE www.paep.com.cn www.paep.com.cn STOCK CODE 556 556 Management Discussion and Analysis管理層討論與分析 BUSINESS REVIEW In the first half of 2024, the international environment was riddenwith geopolitical uncertainties and Chinese economic growthfell short of expectations. Heeding prevailing market conditionsand on the solid foundation of its environmental protection(“EP”) products development, manufacturing and sale businessand engineering services, the Group actively expanded itsartificial intelligence (AI) business to seize opportunities broughtby the two major economic trends – green sustainability andinformation technology – and its efforts paid off with favorablepreliminary results. 1.1542.236 For the six months ended 30 June 2024, the Group’s EPproducts and equipment segment continued to address demandof the Mainland China market to build a low-carbon andcircular economy. It completed four water treatment projectsand one flue gas treatment project, recording sales revenue ofRMB115.4 million. As at 30 June 2024, the Group had threeprojects on hand and work to be completed of aggregate valueRMB223.6 million (tax inclusive). It expects these projects to becompleted before the end of 2024. Pan Asia EnvironmentalProtection Group USA LLCPan AsiaUSAWeb 3.0PowerMeta CorporationPowerMetaDRIPFSFilecoinGPU11,000240,000 During the period under review, the Group established a non-wholly-owned subsidiary Pan Asia Environmental ProtectionGroup USA LLC (“Pan Asia USA”) in the US to develop Web3.0 and AI businesses. A business cooperation agreement wassigned with PowerMeta Corporation (“PowerMeta”) to develop adecentralised disaster recovery storage network (“DR Network”),which adopts IPFS and Filecoin network technologies to ensurethe security and reliability of data transmission, and run agencybusiness for graphics processing units (“GPU”) computingpower rental services. These two businesses contributedUS$11,000 and US$240,000, respectively to the Group’srevenue. Management Discussion and Analysis管理層討論與分析 FINANCIAL REVIEW 1.1541.0895.9%10.3%1,78514.9%15.5%(i)PowerMeta171(ii)75,000 In the first half of 2024, the Group made a total revenue ofRMB115.4 million, up by 5.9% year-on-year from RMB108.9million in the same period last year, mainly attributableto the significant increase in sales of EP products. Grossprofit increased by 10.3% to RMB17.85 million on the backo f i m p r o v e d e f f i c i e n c y f r o m e n h a n c e d p r o j e c t p o r t f o l i omanagement. Gross profit margin increased to 15.5% from14.9% in the same period last year. Revenue from the AIbusiness, including (i) agency fee income RMB1.71 millionreceived for introducing client to PowerMeta and (ii) net incomeRMB75,000 from provision