绿色能源科技集团年报 2022/23

Stock Code:979(Incorporated in Bermuda with limited liability) Annual Report2022/23 CORPORATE INFORMATION公 司 資 料 BOARD OF DIRECTORS Executive Directors Mr. Lo Kam Wing,JP(Chairman)(appointed with effect from 1 December 2022)Mr. Wong Sai Hung(resigned with effect from 1 December 2022)Mr. Luo Xian PingMr. Ho Wai Hung Independent Non-executive Directors Mr. Tam Chun WaMr. Sze Cheung Pang(passed away on 4 July 2023)Mr. Lau Ka Wing(resigned with effect from 14 April 2023)Mr. Man Kwok Leung(appointed with effect from 13 July 2023)Ms. Jiang Zhihua(appointed with effect from 9 August 2023) AUDIT COMMITTEE Mr. Tam Chun Wa(Chairman)Mr. Sze Cheung Pang(passed away on 4 July 2023)Mr. Lau Ka Wing(resigned with effect from 14 April 2023)Mr. Man Kwok Leung(appointed with effect from 13 July 2023)Ms. Jiang Zhihua(appointed with effect from 9 August 2023) REMUNERATION COMMITTEE Mr. Tam Chun Wa(Chairman)Mr. Sze Cheung Pang(passed away on 4 July 2023)Mr. Lau Ka Wing(resigned with effect from 14 April 2023)Mr. Man Kwok Leung(appointed with effect from 13 July 2023)Ms. Jiang Zhihua(appointed with effect from 9 August 2023) NOMINATION COMMITTEE Mr. Lo Kam Wing,JP(Chairman)(appointed with effect from 1 December 2022)Mr. Tam Chun WaMr. Sze Cheung Pang(passed away on 4 July 2023)Ms. Jiang Zhihua(appointed with effect from 9 August 2023) COMPANY SECRETARY Mr. Ng Chi Keung AUDITOR Mazars CPA Limited LEGAL ADVISER Conyers Dill & Pearman PRINCIPAL BANKER OCBC Wing Hang Bank LimitedBank of Communications Co Ltd (Hong Kong branch)Chiyu Banking Corporation LimitedBank of China (Hong Kong) LimitedBank of Communications (Hong Kong) Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE PRINCIPAL PLACE OF BUSINESSIN HONG KONG 99777712 Room 7712, 77/F., The Center99 Queen’s Road CentralHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Codan Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Codan Corporation Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712-1716 Computershare Hong Kong Investor Services LimitedShop 1712-1716, 17/F Hopewell Centre183 Queen’s Road EastWan Chai, Hong Kong STOCK CODE 979 979 WEBSITE http://www.hk-greenenergy.com http://www.hk-greenenergy.com CHAIRMAN’S STATEMENT主 席 報 告 On behalf of the board of directors (the “Board”) of Green EnergyGroup Limited (the “Company”) and its subsidiaries (collectively the“Group”), I am pleased to present the annual report of the Groupfor the financial year ended 30 June 2023 (“FY2023”). PRINCIPAL BUSINESS (a)(b)(c)(d)(e)5 During FY2023, the Group has principally engaged in (a) renewableenergy business, (b) waste construction materials and processingservice, (c) plastic recycling/metal scrap business, (d) money lendingbusiness, and (e) healthcare business which was disposed in June2023. An analysis of the above segments can be found in note 5 tothe consolidated financial statements. FINANCIAL PERFORMANCE 82,500,000441,300,00081.3% The Group’s total revenue for FY2023 was approximately HK$82.5million (for the year ended 30 June 2022 (“FY2022”): approximatelyHK$441.3 million) representing a decrease of 81.3% as comparedwith that for FY2022. The decrease in revenue was mainly resultedfrom the renewable energy business segment with the shift of focuson its newly established operations on collection and processing ofused cooking oil. Further details of the financial analysis for FY2023 have beenincluded in the Management Discussion and Analysis section of thisannual report. SEGMENT INFORMATION CONTINUING OPERATIONS (a)Renewable Energy – trading and processing ofrecyclable oil/biodiesel (a) 73,100,000424,200,000 The Group recorded a revenue of approximately HK$73.1million from the trading and processing of recyclable oil/biodiesel for FY2023 (FY2022: approximately HK$424.2million). The great reduction in revenue was mainly resultedfrom a strategic shift from the bulk shipment of palm oil milleffluent methyl ester to the Public Republic of China (the“PRC”) customers with a much lower profit margin to thenew operation on the locally collected and processing of usedcooking oil. – SEGMENT INFORMATION – continued – CONTINUING OPERATIONS – continued (a)Renewable Energy – trading and processing ofrecyclable oil/biodiesel – continued (a)– Oil prices were a roller coaster ride in 2022. In the first half of2022, geopolitical tension with Russia, culminating withRussia’s full-scale invasion of Ukraine contributed to crude oilprice increases. Since early June 2022, crude oil pricesgenerally decreased as concerns about a possible economicrecession reduced demand. Slowing global growth andconcerns about a global recession have thus far outweighedworries about insufficient oil supply. The reduction in prices ofused cooking oil since