Stock Code 股份代號 : 899 Asia Resources Holdings Limited亞洲資源控股有限公司*2021/2 2中期報告INTERIM REPORT For identification purpose only 僅供識別* CONTENTS目錄2CORPORATE INFORMATION公司資料4MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析18OTHER INFORMATION其他資料26CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME簡明綜合損益及其他全面收益表28CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION簡明綜合財務狀況表30CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY簡明綜合權益變動表31CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS簡明綜合現金流量表32NOTES TO THE INTERIM FINANCIAL REPORT中期財務報告附註 Asia Resources Holdings Limited | 亞洲資源控股有限公司2CORPORATE INFORMATION公司資料BOARD OF DIRECTORSExecutive DirectorsMr. Li Yuguo (Chairman)Mr. Liu Yan Chee James (Chief Executive Officer)Ms. Guo YumeiNon-executive DirectorsMr. Yang Xiaoqiang (Vice Chairman)Mr. Huang YilinIndependent Non-executive DirectorsMr. Ba JunyuMr. Zhu XueyiMr. Wong Chung ManCOMPANY SECRETARYMr. Wu Ho WaiAUDIT COMMITTEEMr. Zhu Xueyi (Chairman)Mr. Ba JunyuMr. Wong Chung ManREMUNERATION COMMITTEEMr. Ba Junyu (Chairman)Ms. Guo YumeiMr. Zhu XueyiMr. Wong Chung ManNOMINATION COMMITTEEMr. Li Yuguo (Chairman)Mr. Ba JunyuMr. Zhu XueyiMr. Wong Chung ManSTOCK CODE899董事會執行董事李玉國先生（主席）劉恩賜先生（行政總裁）果玉梅女士非執行董事楊小強先生（副主席）黃逸林先生獨立非執行董事巴俊宇先生朱學義先生黃仲文先生公司秘書胡可為先生審核委員會朱學義先生（主席）巴俊宇先生黃仲文先生薪酬委員會巴俊宇先生（主席）果玉梅女士朱學義先生黃仲文先生提名委員會李玉國先生（主席）巴俊宇先生朱學義先生黃仲文先生股份代號899 3Interim Report 2021/2022 中期報告CORPORATE INFORMATION公司資料核數師劉歐陽會計師事務所有限公司執業會計師香港灣仔莊士敦道181號大有大廈21樓主要往來銀行中國建設銀行（亞洲）股份有限公司交通銀行股份有限公司香港分行香港上海滙豐銀行有限公司註冊辦事處Clarendon House, 2 Church StreetHamilton HM11, Bermuda香港主要營業地點香港上環干諾道中168-200號信德中心西座26樓2601室主要股份過戶登記處（百慕達）Conyers Corporate Services (Bermuda) LimitedClarendon House, 2 Church StreetHamilton HM11, Bermuda股份過戶登記分處（香港）卓佳秘書商務有限公司香港皇后大道東183號合和中心54樓網址http://www.asiaresources899.com.hkAUDITORSLau & Au Yeung C.P.A. LimitedCertified Public Accountants21/F, Tai Yau Building181 Johnston RoadWanchai, Hong KongPRINCIPAL BANKERSChina Construction Bank (Asia) Corporation LimitedBank of Communications Co., Ltd. Hong Kong BranchThe Hongkong and Shanghai Banking Corporation LimitedREGISTERED OFFICEClarendon House, 2 Church StreetHamilton HM11, BermudaPRINCIPAL PLACE OF BUSINESS IN HONG KONGRoom 2601, 26/F, West TowerShun Tak Centre168-200 Connaught Road CentralSheung Wan, Hong KongPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE (IN BERMUDA)Conyers Corporate Services (Bermuda) LimitedClarendon House, 2 Church StreetHamilton HM11, BermudaBRANCH SHARE REGISTRAR AND TRANSFER OFFICE (IN HONG KONG)Tricor Secretaries LimitedLevel 54, Hopewell Centre183 Queen’s Road EastHong KongWEBSITEhttp://www.asiaresources899.com.hk Asia Resources Holdings Limited | 亞洲資源控股有限公司4MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析FINANCIAL REVIEWRevenueFor the six months ended 30 September 2021 (the “Reporting Period”), the revenue of Asia Resources Holdings Limited (the “Company”) and its subsidiaries (collectively the “Group”) was approximately HK$12,297,000, of which revenue from sales of properties and rental income were approximately HK$3,998,000 and HK$8,299,000 respectively (six months ended 30 September 2020: approximately HK$17,957,000, of which revenue from sales of properties and rental income were approximately HK$13,255,000 and HK$4,701,000 respectively). The decrease was mainly because (i) most of the saleable area of the completed properties held for sale in Dalian, the People’s Republic of China (the “PRC”) had been handed over to buyers and the corresponding revenue was recognised in previous financial years and as a result the remaining saleable area decreased; and (ii) the sales and handover of the remaining completed properties held for sale were slowed down during the Reporting Period due to the ongoing impacts of the COVID-19 pandemic in Dalian.Cost of SalesFor the Reporting Period, the cost of sales of the Group was approximately HK$4,059,000 (six months ended 30 September 2020: approximately HK$11,314,000). The cost of sales for the Reporting Period represented the cost of properties sold and its decrease was in line with the decrease in revenue from sales of properties.Gross ProfitFor the Reporting Period, the Group recorded a gross profit of approximately HK$8,238,000 (six months ended 30 September 2020: approximately HK$6,643,000). The gross profit was mainly attributable to rental income from the investment properties in Zhejiang.Other GainsFor the Reporting Period, the Group recorded other gains of approximately HK$72,322,000 (six months ended 30 September 2020: approximately HK$52,118,000). The increase was mainly due to the increase in interest income relating to the termination of acquisition of properties located in Shenyang, the PRC (the “Shenyang Properties”) (details of which are set out in note 19(v) to the interim financial statements) and the compensation receivable from the minority shareholder of a non wholly-owned subsidiary of the Group relating to the failure to fulfil the product