中国心连心化肥二零二二年中期报告

High-Ef f iciencyFertilisers in China中國高效肥INTERIM REPORT2022中期報告Stock Code 股份代號：1866 We adhere to the culture of integrity and the corporate spirit of "working hard to fulfil the needs of our customers" and we are committed to creating the greatest value to the society with the least resources.我們堅持誠信文化和「自己艱苦奮鬥滿足別人需求」的企業之魂， 致力於用最少的資源為社會創造最大的價值。China XLX Culture中國心連心文化Integrity誠信Focus on ourselves over the othersPrioritize subjective over objectivityValue the end result over the process講自己不講別人講主觀不講客觀講效果不講過程Dedicated to hard workSatisfy the needs of others自己艱苦奮鬥滿足別人需求 252425282931Corporate Information公司資料Management Discussion and Analysis管理層討論與分析Condensed Consolidated Statement of Comprehensive Income簡明綜合全面收入表Condensed Consolidated Statement of Financial Position簡明綜合財務狀況表Condensed Consolidated Statement of Changes in Equity簡明綜合權益變動表Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表Notes to the Condensed Consolidated Interim Financial Information簡明綜合中期財務資料附註目錄ContentsCHINA XLX DEVELOPMENT STRATEGY:Adhere to the enhance 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 foundation, fertiliser and chemical side by side' development plan.Our strategic development direction will be: To maximize the value of syngas; to reinforce our industry leading advantages in the chemical fertiliser industry.Our core missions: First, strengthen and improve our major production bases so as to continuously increase profitability; Second, strengthen our brand ;Third, consolidate basic management so as to improve R&D capabilities.中國心連心發展戰略：堅持聚焦清潔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「以肥為基，肥化並舉」的產業發展格局。我們的戰略發展導向是：把合成氣價值利用最大化，突出化肥主業的行業領先優勢。核心任務：一是做強、做優大基地，提升持續盈利能力；二是做強品牌；三是夯實基礎管理，提升研發能力。 China XLX 2022 Interim Report2Corporate 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 二零二二年中期報告3CHIEF 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 18Singapore, 048583Partner-in-charge: LEE Lai HiangLEGAL ADVISORSHerbert Smith Freehills (Hong Kong)Hiways Law Firm (China)Shook Lin & Bok LLP (Singapore)PRINCIPAL BANKERSThe Export-Import Bank of ChinaChina Construction BankBank of ChinaIndustrial & Commercial Bank of ChinaBank of CommunicationsChina Minsheng Banking Corp., Ltd.HSBCREGISTERED OFFICE80 Robinson Road#02-00, Singapore 068898首席執行官馬通生首席財務官王永宏上市規則下的授權代表閆蘊華梁君慧聯席公司秘書梁君慧石慧儀核數師安永會計師事務所One Raffles QuayNorth Tower, Level 18Singapore, 048583項目合夥人：李來香法律顧問史密夫斐爾律師事務所（香港）海華永泰律師事務所（中國）旭齡及穆律師樓（新加坡）主要往來銀行中國進出口銀行中國建設銀行中國銀行中國工商銀行交通銀行中國民生銀行股份有限公司滙豐銀行註冊辦事處80 Robinson Road#02-00, Singapore 068898 China XLX 2022 Interim Report4Corporate Information公司資料HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN PRCXinxiang Economic Development ZoneHenan ProvincePRC 453731STOCK CODEHong Kong Stock Code: 1866CORPORATE WEBSITEwww.chinaxlx.com.hk總辦事處暨中國主要營業地點 中國河南省新鄉經濟開發區郵編：453731股票代碼香港股份代號：1866公司網址www.chinaxlx.com.hk 中國心連心 二零二二年中期報告5Management Discussion and Analysis管理層討論與分析The board of Directors (the “Board”) of China XLX Fertiliser Ltd. (the “Company” and, together with its subsidiaries, the “Group”) is pleased to present this interim report for the six months ended 30 June 2022 (“1H2022”).(I) BUSINESS REVIEWAffected by the pandemic, the Russian-Ukrainian war and tight supply of international fertilisers, the prices of global basic energy and food have been rising, which resulted in a strong demand for chemical fertilisers. Coupled with the increase in the price of raw materials, global fertiliser prices have been remained elevated.During the first half of 2022, with the successful commissioning of the third production base in Jiangxi Jiujiang, the Fixed-bed Renovation and Upgrading Project of the Group’s second and third plant in henan Xinxiang and various relevant diversified industrial chain projects, the Group’s production capacity reached a new milestone.The unaudited consolidated revenue of the Group increased by approximately RMB4,641 million or 61% from