汉思集团控股二零二五年中期报告

INTERIM REPORT CONTENTS 2-3Corporate Information4-23Management Discussion and Analysis24Consolidated Income Statement25Consolidated Statement of Comprehensive Income26-27Consolidated Balance Sheet28Consolidated Statement of Changes in Equity29Condensed Consolidated Cash Flow Statement30-51Notes to the Unaudited Interim Financial Report52-53Review Report to the Board of Directors of Hans Group Holdings Limited54-64Other Information CORPORATE INFORMATION BOARD OF DIRECTORS Executive directors Mr. David AN(Chairman)Mr. YANG DongMr. ZHANG LeiMr. LI Wai Keung Non-executive directors Mr. CHUNG Chak Man, WilliamMr. Nicolas Charles PhilippeDE MASCAREL DE LA CORBIEREMr. James Anthony WILLIAMSONMr. HUI Hon Chung, Stanley Nicolas Charles PhilippeDE MASCAREL DE LA CORBIEREJames Anthony WILLIAMSON Independent non-executive directors Mr. CHAN Chun Wai, TonyMs. ZEE HelenMr. CHOY Chak Wa, PeterMs. YANG Fan AUDIT COMMITTEE Mr. CHAN Chun Wai, Tony(Committee Chairman)Ms. ZEE HelenMr. CHOY Chak Wa, PeterMs. YANG Fan REMUNERATION COMMITTEE Mr. CHAN Chun Wai, Tony(Committee Chairman)Mr. David ANMr. LI Wai KeungMs. ZEE HelenMr. CHOY Chak Wa, Peter NOMINATION COMMITTEE Mr. CHAN Chun Wai, Tony(Committee Chairman)Mr. LI Wai KeungMs. YANG Fan COMPANY SECRETARYMr. HUI Chun Yip Corporate Information REGISTERED OFFICE Maples Corporate Services LimitedP.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedP.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands PRINCIPAL OFFICE Unit 2608, 26th FloorHarbour Centre25 Harbour RoadWanchaiHong Kong 25262608 PRINCIPAL BANKERS China Citic Bank International LimitedDongguan Rural Commercial Bank Co., Ltd.Hang Seng Bank LimitedThe Hongkong and Shanghai Banking Corporation Limited AUDITORS KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordancewith the Accounting and Financial ReportingCouncil Ordinance PRINCIPAL SHARE REGISTRARS ANDTRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands HONG KONG BRANCH SHARE REGISTRARSAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17th FloorFar East Finance Centre16 Harcourt RoadHong Kong www.hansgh.com WEBSITEwww.hansgh.com INTERIM REPORT 2025 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW GROUP PROFILE 70% Hans Group Holdings Limited (“Hans” or the “Company”) and itssubsidiaries (collectively, the “Hans Group” or the “Group”) is aleading operator providing integrated facilities of jetties, storagetanks, warehousing, and logistic services in south China for petroleumand liquid chemical products, and offering value-added services atits ports and storage tank farms, engages in the trading of oil andpetrochemical products, and operates filling station business in China.On 31 July 2024, the Group completed the acquisition to secure atotal stake of 70% in Bravo Transport Holdings Limited (“BTHL”,together with its subsidiaries, the “BTHL Group”), making BTHL anon-wholly owned subsidiary of the Company. The BTHL Group isprincipally engaged in the provision of franchised and non-franchisedbus services under the “Citybus” brand in Hong Kong, as well as theprovision of media and advertising services. TERMINAL STORAGE BUSINESS Hans Group, through its indirect subsidiary, Dongguan DongzhouInternational Petrochemical Storage Limited (“DZ International”),owns and operates a strategically-located liquid product terminalin Dongguan, Guangdong Province. The Dongzhou InternationalTerminal (“DZIT”) spans over 830,000 square metres of land andcoastal area on Lisha Island, Humen Harbour District, and is equippedwith berthing facilities capable of accommodating vessels rangingfrom 500 to 100,000 deadweight tonnage (dwt). 830,000500100,000 94260,000180,00080,000150,000 DZIT comprises 94 storage tanks with a total capacity of approximately260,000 cubic metres, of which 180,000 cubic metres are allocatedfor gasoline, diesel and other petroleum products, and 80,000 cubicmetres for petrochemical products. The Group continues to activelypursue opportunities to enhance asset utilization, including optimizingspare jetty capacity and developing approximately 150,000 squaremetres of vacant land for future expansion. In June 2025, DZ International obtained approval from the DongguanDevelopment and Reform Bureau* () for therenovation of oil and gas berths at DZIT, marking a significantmilestone in the Group’s ongoing efforts to upgrade and expand itsterminal infrastructure. Management Discussion and Analysis (All amounts are expressed in Hong Kong dollars, unless otherwise indicated) Strategic Location and Operational Capabilities Located within the Greater Bay Area – one of China’s mosteconomically vibrant regions – DZIT b