鸿承环保科技2025年中期报告

HONGCHENG ENVIRONMENTALTECHNOLOGY COMPANY LIMITED (Incorporated in the Cayman Islands with limited liability)Stock code: 2265 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Mr. Liu Zeming(Executive Director and Chairman)Mr. Zhan Yirong(Executive Director and Chief Executive Officer)Mr. Sheng Haiyan(Executive Director and Chief Technical Officer)Mr. Zhang Shijun(Independent non-executive Director)Ms. Liu Ye(Independent non-executive Director)Mr. Lau Chung Wai(Independent non-executive Director) COMPANY SECRETARY Mr. Wong Yun Fai AUTHORISED REPRESENTATIVES Mr. Wong Yun FaiMr. Zhan Yirong AUDIT COMMITTEE Mr. Lau Chung Wai(Chairman)Mr. Zhang ShijunMs. Liu Ye REMUNERATION COMMITTEE Ms. Liu Ye(Chairlady)Mr. Lau Chung WaiMr. Liu Zeming NOMINATION COMMITTEE Mr. Liu Zeming(Chairman)Ms. Liu YeMr. Zhang Shijun EXTERNAL AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong HONG KONG LEGAL ADVISER 826 Fangda Partners26/F, One Exchange Square8 Connaught PlaceCentralHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681, Grand CaymanKY1–1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681, Grand CaymanKY1–1111, Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE IN THE CAYMAN ISLANDS Cricket Square, Hutchins DrivePO Box 2681, Grand CaymanKY1–1111, Cayman Islands Cricket Square, Hutchins DrivePO Box 2681, Grand CaymanKY1–1111, Cayman Islands PRINCIPAL PLACE OF BUSINESS IN THE PRC Yeyan Road NorthDadongzhuang Village NorthShahe Town, Laizhou CityShandong ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 3434351 Room 4351, 43/F,Champion Tower,3 Garden Road,Central, Hong Kong CORPORATE INFORMATION公司資料 PRINCIPAL BANK 566 China Construction Bank (Laizhou Branch)No. 566 Guangzhou East RoadLaizhou CityShandong ProvincePRC 9 Shandong Laizhou Rural Commercial Bank (Jincheng Branch)No. 9 Fuqian StreetJincheng TownLaizhou CityShandong ProvincePRC 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong 2265 STOCK CODE2265 www.sdhcgroup.cn COMPANY WEBSITEwww.sdhcgroup.cn DATE OF LISTING12 November 2021 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 BUSINESS REVIEW Consolidate the leading position in the industry basedon our own strengths The Group, based in Shandong province, the PRC, has been focusingon gold mine hazardous waste treatment and resource recovery, andcomprehensive utilisation of gold mine hazardous wastes. We collectcyanide tailings, which are a kind of gold mine hazardous wasteresulting from smelting of gold, from our upstream customers, whichare mainly comprised of gold smelting companies under gold miningcompanies with mine operations in Shandong province and inparticular, in Yantai city. We, leveraging on our experience andexpertise, detoxify the cyanide tailings and recover therefromresources with economic value such as pyrite concentrates. Inaddition, aiming to expand its profit margin and enhance its capabilityfor comprehensive utilisation, the Group reprocesses pyriteconcentrates and adds other raw materials to produce sulphuric acid,iron powder and electricity for sale to downstream customers, whichare mainly comprised of chemical manufacturing companies andtrading companies of chemicals in the PRC, in order to attain thecomprehensive utilisation of gold mine hazardous wastes. The Group is the only company in Laizhou city, Shandong provincethat has been granted a hazardous waste business licence by YantaiEcological Environment Bureau. In 2025, the global economy continued to face significant pressureunder the influence of multiple structural factors. On the one hand,persistently high interest rates suppressed economic activity,geopolitical risks further exacerbated market uncertainties, andchallenges from climate change had a profound impact on globalsupply chains and resource allocation. On the other hand, while globalinflation has generally eased, it remained above the desired level,exerting long-term pressure on consumption and investment activities. In the hazardous waste treatment industry, market competitionremained fierce, and the industry development faced severechallenges. Commodity prices saw increased volatility, and contractingglobal demand and supply shocks weighed on both the upstream anddownstream companies to varying degrees. Despite external challenges, the Group, by virtue of its sound businessstrategies and close collaboration among its various departments,achieved growth in both revenue and net profit during the ReportingPeriod. MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 133.636.427.1%78.4% The Group’s revenue and profit attributable to owners of theCompany for the six months ended 30 June 2025 amounte