龙翔集团2020 年度报告

Annual Report 2020 年度報告年度報告2020Annual Report Contents目錄Annual Report 2020 年度報告1 Page 頁次Financial and Operating Highlights 2財務及營運摘要Chairman’s Statement 3主席報告Directors and Senior Management 8董事及高級管理人員Management Discussion and Analysis 14管理層討論與分析Corporate Governance Report 22企業管治報告Directors’ Report 43董事會報告Independent Auditor’s Report 59獨立核數師報告Consolidated Statement of Profit or Loss 66綜合損益表Consolidated Statement of Comprehensive Income 67綜合全面收益表Consolidated Statement of Financial Position 68綜合財務狀況表Consolidated Statement of Changes in Equity 70綜合權益變動表Consolidated Statement of Cash Flows 72綜合現金流量表Notes to Consolidated Financial Statements 75綜合財務報表附註Five Year Financial Summary 174五年財務概要Corporate Information 175公司資料 Financial and Operating HighlightsDragon Crown Group Holdings Limited 龍翔集團控股有限公司2財務及營運摘要20202019HK$’000HK$’000% Change千港元千港元變動%Results業績Revenue收入238,148229,8493.6Profit attributable to owners of the Company本公司擁有人 應佔溢利83,91638,787116.4Basic earnings per share (HK cents)每股基本盈利（港仙）6.873.18116.0Interim and proposed final dividends per share (HK cents)中期及建議末期 每股股息（港仙）4.82.592.0Financial Position財務狀況Net current assets流動資產淨值250,612227,87410.0Total interest-bearing bank loans計息銀行貸款總額171,375198,50013.7Key Financial Ratios主要財務比率Gross profit ratio毛利率52.1%49.3%2.8Net profit ratio淨利率38.5%19.8%18.7Return on equity股本回報率7.3%3.8%3.5Current ratio流動比率3.23.7N/A不適用Gearing ratio(1)資產負債比率(1)N/A不適用N/A不適用N/A不適用Operating Statistics營運數據Throughput (metric tonnes)吞吐量（公噸）Nanjing terminal南京碼頭1,515,0001,529,000(0.9)Ningbo terminal(2)寧波碼頭(2)397,000379,0004.7Weifang terminal濰坊碼頭5,282,0004,877,0008.3Jetty utilisation rate(3)碼頭使用率(3)Nanjing terminal南京碼頭25.4%28.8%(3.4)Ningbo terminal(2)寧波碼頭(2)0.0%4.6%(4.6)Weifang terminal濰坊碼頭80.5%74.4%6.1Notes:(1) The calculation of the gearing ratio is based on the net bank loans (total bank loans minus cash and cash equivalents) divided by equity attributable to owners of the Company multiplied by 100%.(2) Jetty of Ningbo terminal has been closed during the year ended 31 December 2019. The business and throughout of Ningbo terminal is conducted and recorded via public jetties.(3) The utilisation rate is calculated by our record of the annual actual throughput via jetties divided by the total annual designed throughput capacity of jetties in relation to the operating period.附註：(1) 資產負債比率乃以銀行貸款淨額（銀行貸款總額減去現金及現金等價物）除以本公司擁有人應佔權益再乘以100%計算。(2) 寧波碼頭的泊位在2019年12月31日止年度已關閉。寧波碼頭的業務和吞吐量通過公共碼頭的泊位進行及記錄。(3) 使用率以碼頭年度實際吞吐量記錄除以有關營運期間的碼頭設計年總吞吐量來計算。 Chairman’s Statement主席報告Annual Report 2020 年度報告3Dear Shareholders,On behalf of the board of directors (the “Board”), I am pleased to present the annual results of Dragon Crown Group Holdings Limited (the “Group” or “Dragon Crown”) for the year ended 31 December 2020.SOLID FOUNDATION POSITIONS TO OVERCOME FUTURE CHALLENGESWith a unique mix of global crises including the COVID-19 pandemic, deteriorating China-U.S. relations, a plunge in oil prices, and other geopolitical risks, 2020 was an exceptionally challenging year for many businesses. China also experienced only 2.3% annual GDP growth in 2020; the country’s slowest in decades excluding 1976. Despite these strong macro headwinds, Dragon Crown was able to deliver strong financial performance during the year, attributable to the Group’s solid foundation and experienced management team.For the financial year ended 31 December 2020, Dragon Crown’s revenue was HK$238.1 million (2019: HK$229.8 million) and net profit of HK$91.7 million (2019: HK$45.5 million). The increase in our net profit was mainly attributable to (i) the increase in revenue in respect of methanol and acetic acid; (ii) the share of results of the joint venture in Weifang which improved and turned around from loss to profit during the year ended 31 December 2020; and (iii) the result of the net foreign exchange gains recorded for the year ended 31 December 2020, as compared with the net foreign exchange losses recorded for the year ended 31 December 2019.Dragon Crown is one of China’s leading integrated service providers for storage and handling of liquid petrochemical products, operating three liquid petrochemical terminals in Nanjing, Ningbo, and Weifang. With our comprehensive network of terminals, Dragon Crown is able to provide services to a client base comprising of world-class chemical enterprises, including Celanese Corporation (NYSE: CE), a world leading producer of acetyl products.致列位股東：本人謹代表董事會（「董事會」）欣然呈報龍翔集團控股有限公司（「本集團」或「龍翔」）截至2020年12月31日止之年度業績。堅實基礎去克服面對的未來挑戰受新型冠狀病毒疫情、中美關係惡化、油價下跌及其他地緣政治風險等一系列特殊因素結合的全球危機影響，對許多企業而言，2020年是極具挑戰的一年。於2020年，中國GDP年增長率只有2.3%，為中國除1976年外數十年來最低的增長率。縱然面對這些宏觀不利市況，龍翔仍能在年內錄得強勁的財務表