稀镁科技2024 中期报告

DIRECTORS Executive Directors:Shum Sai Chit(Chairman and Chief Executive Officer)Chi Sile INDEPENDENT NON-EXECUTIVE DIRECTORS: Cheung Sound PoonLin Pengxuan AUDIT COMMITTEE Cheung Sound Poon(Chairman)Lin Pengxuan REMUNERATION COMMITTEE Shum Sai Chit(Chairman)Cheung Sound PoonLin Pengxuan NOMINATION COMMITTEE Shum Sai Chit(Chairman)Cheung Sound PoonLin Pengxuan COMPANY SECRETARYFan Kwok Man, Raymond AUDITORSPrism Hong Kong Limited CORPORATE INFORMATION (CONTINUED) PRINCIPAL BANKERS O-Bank Co., Ltd.DBS Bank (Hong Kong) Limited 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 20246302023 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 2024 (“Period”), together withthe comparative figures for the corresponding period in 2023 asfollows. 20246 30For the six months ended 30 June 2024 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED) 20246 30For the six months ended 30 June 2024 Details of the dividends are disclosed in note 7 to the condensedfinancial statements. 7 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 20246 30 At 30 June 2024 20246 30 At 30 June 2024 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 20246 30For the six months ended 30 June 2024 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 20246 30For the six months ended 30 June 2024 20246 30For the six months ended 30 June 2024 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 20246 30For the six months ended 30 June 2024 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. 20246 3020231231 The accounting policies and methods of computation usedin the condensed consolidated financial statements forthe six months ended 30 June 2024 are the same as thosepresented in the Group’s annual financial statements for theyear ended 31 December 2023. 2. 2.PRINCIPAL ACCOUNTING POLICIES(continued) Application of amendments to HKFRSs 202411 The Group has applied the following amendments for thefirst time from 1 January 2024: •–1•––5•–77 •Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants –Amendments to HKAS 1;•Presentation of Financial Statements – Classificationby the Borrower of a Term Loan that Contains aRepayment on Demand Clause – HK Int 5 (Revised);and•Supplier Finance Arrangements – Amendments toHKAS 7 and HKFRS 7. 1 As a result of the adoption of the amendments to HKAS 1,the Group changed its accounting policy for the classificationof borrowings as below: 12 “Borrowings are classified as current liabilities unless at theend of the reporting period, the Group has a right to defersettlement of the liability for at least 12 months after thereporting period.” 1 T h i s n e w p o l i c y d i d n o t r e s u l t i n a c h a n g e i n t h eclassification of the Group’s borrowings. The Group did notmake retrospective adjustments as a result of adopting theamendments to HKAS 1. Except for those as mentioned above, the Group did notchange its accounting policies or make retrospectiveadjustments as a result of adopting the abovementionedamended standards or revised interpretation. 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 CONDEN