稀镁科技2023 中期报告

DIRECTORS Executive Directors: Shum Sai Chit(Chairman and Chief Executive Officer)Chi Sile INDEPENDENT NON-EXECUTIVE DIRECTORS: Kwong Ping ManCheung Sound PoonLin Pengxuan AUDIT COMMITTEE Kwong Ping Man(Chairman)Cheung Sound PoonLin Pengxuan REMUNERATION COMMITTEE Shum Sai Chit(Chairman)Kwong Ping ManCheung Sound Poon NOMINATION COMMITTEE Shum Sai Chit(Chairman)Kwong Ping ManLin Pengxuan COMPANY SECRETARYFan Kwok Man, Raymond AUDITORS HLB Hodgson Impey Cheng Limited CORPORATE INFORMATION (CONTINUED) PRINCIPAL BANKERS DBS Bank (Hong Kong) LimitedO-Bank Co., Ltd REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL PLACE OF BUSINESS 516 16th Floor, Tower 5The GatewayHarbour CityTsim Sha Tsui, KowloonHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN BERMUDA Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria Street, PO Box HM 1624Hamilton HM 10Bermuda Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria Street, PO Box HM 1624Hamilton HM 10Bermuda BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong http://www.remt.com.hk WEBSITE http://www.remt.com.hk 00601 STOCK CODE00601 20236302022 The board of directors (the “Board”) of Rare Earth MagnesiumTechnology Group Holdings Limited (the “Company” or “REMT”)announces the unaudited condensed consolidated interim resultsof the Company and its subsidiaries (collectively the “Group”)for the six months ended 30 June 2023 (“Period”), together withthe comparative figures for the corresponding period in 2022 asfollows. 20236 30For the six months ended 30 June 2023 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED) 20236 30For the six months ended 30 June 2023 Details of the dividends are disclosed in note 7 to the condensedfinancial statements. 7 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 20236 30 At 30 June 2023 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) 20236 30 At 30 June 2023 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 20236 30For the six months ended 30 June 2023 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 20236 30For the six months ended 30 June 2023 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) 20236 30For the six months ended 30 June 2023 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 20236 30For the six months ended 30 June 2023 1. 1.BASIS OF PREPARATION 3416 The condensed consolidated financial statements areunaudited and have been prepared in accordance with HongKong Accounting Standard (“HKAS”) 34 “Interim FinancialReporting” issued by the Hong Kong Institute of CertifiedPublic Accountants (“HKICPA”) and the applicable disclosurerequirements of Appendix 16 to the main Board Listing RulesGoverning the Listing of Securities on The Stock Exchange ofHong Kong Limited (the “Listing Rules”). 2. 2.PRINCIPAL ACCOUNTING POLICIES The condensed consolidated financial statements havebeen prepared on the historical cost basis except for certainfinancial instruments, which are measured at fair values. 202363020221231 The accounting policies and methods of computation usedin the condensed consolidated financial statements forthe six months ended 30 June 2023 are the same as thosepresented in the Group’s annual financial statements for theyear ended 31 December 2022. 2. 2.PRINCIPAL ACCOUNTING POLICIES(continued) Application of amendments to HKFRSs 20231 1 In the current interim period, the Group has applied thefollowing amendments to HKFRSs issued by the HongKong Institute of Certified Public Accountants (“HKICPA”),for the first time, which are mandatorily effective forthe annual periods beginning on or after 1 January 2023for the preparation of the Group’s unaudited condensedconsolidated interim financial statements 171281212– The application of the amendments to HKFRSs in the currentinterim period has had no material impact on the Group’sfinancial positions and performance for the current and priorperiods and/or on the disclosures set out in these unauditedcondensed consolidated interim financial statements. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 20236 30For the six months ended 30 June 2023 3. 3.SEGMENT INFORMATION 202363020226 30 Information reported internally to the chief operatingdecision makers for the purpose of resource allocationand assessment of segment performance focuses on typesof goods or services delivered or provided. The Groupis principally engaged in one single segment, which ismanufacturing and selling magnesium related productsduring the period ended 30 June 2023 and 30 June 2022.A single management team reports to the chief operatingdecision makers who comprehensively manages such entirebusiness segment. Accordingly, the Group do