中国心连心化肥二零二零年年报

High-EciencyFertilisers in China中國高效肥ANNUAL REPORT2020年報Stock Code 股份代號：1866 We attribute our achievements and breakthroughs to our dedicated team at China XLX. The team is committed to uphold the vision with integrity, discipline and strong commitment.我們所有的成績與突破，都歸功於誠信為本、 紀律嚴明、專注投入、放眼未來和充滿 快樂的中國心連心團隊。中國心連心文化China XLX CultureCHINA XLX DEVELOPMENT STRATEGY:Adhere to the enhanced development direction of cleaner chemical process of coal, and maintain the privileges and leading status in the chemical fertiliser industry. Meanwhile appropriately develop new energy and new chemical material, establishing the ‘Fertiliser as base, fertiliser and chemical side by side’ development plan.中國心連心發展戰略：堅持聚焦潔淨煤化工升級發展方向，確保化肥主業的優勢和行業領先地位。同時適度發展新能源、新材料化工品，總體形成「以肥為主，肥化並舉」的產業發展格局。 24781015324547Company Profile公司概況Corporate Information公司資料Financial Highlights財務概要Major Events in 2020二零二零年度大事記Chairman’s Statement主席報告Management Discussion and Analysis管理層討論與分析Directors, Senior Management and Company Secretaries董事、高級管理層及公司秘書Investor Relations投資者關係Corporate Governance Report企業管治報告728593949799102226227Directors’ Statement董事報告Independent Auditor’s Report獨立核數師報告Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表Statements of Financial Position財務狀況表Statements of Changes in Equity權益變動表Consolidated Statement of Cash Flows綜合現金流量表Notes to Financial Statements財務報表批註Five-Year Financial Summary五年財務資料摘要Glossary詞匯表目錄Contents China XLX 2020 Annual Report2Company Profile公司概況• Chinese high-efficiency fertilizer advocator• State-level green factory• Awarded “Standard Enterprise for Synthetic Ammonia Efficiency Leaders” by the China Petroleum and Chemical Industry Federation for nine consecutive years• New/High Tech Enterprise in the PRC (enjoying preferential income tax rate of 15%)• First state-level nitrogen fertiliser research center and largest agriculture service center in the PRC• First producer mastering the controlled release urea production patented technology in the PRC• All our production facilities adopt new coal gasification technology• 中國高效肥倡導者• 國家級綠色工廠• 連續九年獲得中國石油和化學工業聯合會頒發「合成氨能效領跑者標杆企業」• 中國高新技術企業（享受15%的優惠所得稅率）• 首個國家級氮肥研發中心和全國性高效農業服務中心• 中國第一家掌握控失尿素生產專利技術的生產企業• 生產裝置全部採用新型煤氣化技術Strategic geographical location戰略性地理佈局“Low-cost + differentiation” production strategy「低成本+差異化」產品戰略Leading enterprise in the industry行業的領軍者Stable, experienced management team and highly loyal employees擁有穩定和經驗豐富的管理團隊及高度忠誠員工Obvious cost leadership成本效益優勢明顯Strong brand and sales network強大的品牌和銷售網絡Strong and healthy operating cash flow強勁和健康的經營現金流Continuously improving corporate governance and internal supervision不斷完善的企業管治和內部監控 中國心連心 二零二零年年報3China XLX was incorporated with limited liability on 17 July 2006 in Singapore under the Companies Act, with the Group’s registered office at 80 Robinson Road, #02-00, Singapore 068898. The Group’s headquarters and principal place of business is located in Xinxiang Economic Development Zone, Henan Province, Taxihe Industrial Park, Baojiadian Town, Manas County, Changji Prefecture, Xinjiang Province, and Jishan Industrial Zone, Jiujiang City, Jiangxi Province in the People’s Republic of China (the “PRC”). The Group is principally engaged in developing, manufacturing, and selling of related differentiated products such as urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran and pharmaceutical intermediates. At present, the Group owns 4 urea production lines and 18 compound fertiliser production lines, the production capacities of each product are at the top of the list in the industry. China XLX has been listed on the Main Board of the SEHK since 8 December 2009 with stock code “1866”.中國心連心是於二零零六年七月十七日根據新加坡公司法在新加坡註冊成立之有限公司，本集團的註冊辦事處位於80 Robinson Road, #02-00, Singapore 068898。本集團總部和主要營業地點位於中華人民共和國（「中國」）河南新鄉經濟開發區、新疆昌吉州瑪納斯縣包家店鎮塔西河工業園區，江西九江磯山工業園區。本集團主要從事尿素、複合肥、甲醇、二甲醚、三聚氰胺、糠醇、糠醛、2-甲基呋喃、醫藥中間體等相關差異化產品的研發、生產與銷售，目前擁有4條尿素生產線、18條複合肥生產線，各產品產能均名列行業前茅。中國心連心自二零零九年十二月八日起在聯交所主板掛牌上市，股份代號「1866」。 China XLX 2020 Annual Report4Corporate Information公司資料BOARDExEcutivE DirEctors LIU Xingxu (Chairman of the Board)ZHANG QingjinYAN YunhuainDEpEnDEnt non-ExEcutivE DirEctorsONG Kian Guan LI Shengxiao ONG Wei Jin LI HongxingBOARD COMMITTEESAuDit committEE ONG Kian Guan (Chairman) LI Shengxiao ONG Wei Jin LI HongxingrEmunErAtion committEEONG Wei Jin (Chairman)ONG Kian Guan LI Shengxiao LI HongxingnominAtion committEE LI Shengxiao (Chairman)LIU Xingxu ONG Kian Guan ONG Wei Jin LI Hongxing董事會執行董事劉興旭（董事會主席）張慶金閆蘊華獨立非執行董事王建源李生校王為仁李紅星董事會委員會審核委員會王建源（主席）李生校王為仁李紅星薪酬委員會王為仁（主席）王建源李生校李紅星提名委員會李生校（主席）劉興旭王建源王為仁李紅星 中國心連心 二零二零年年報5CHIEF EXECUTIVE OFFICERMA TongshengCHIEF FINANCIAL OFFICERWONG Wing Wang PaulAUTHORISED REPRESENTATIVES UNDER LISTING RULESYAN YunhuaLEUNG Kwan WaiJOINT COMPANY SECRETARIESLEUNG Kwan WaiCHEOK Hui YeeAUDITORErnst & Young LLPOne Raffles QuayNorth Tower, Level 18Sing