Annual Report2022年報（於開曼群島註冊成立的有限公司）股份代號： CONTENTS 目錄2Corporate Information公司資料4Financial Highlights財務摘要5Chairman’s Statement主席報告7Vice Chairman’s Statement副主席報告9CEO’s Report行政總裁報告12Management Discussion and Analysis管理層討論及分析25Corporate Governance Report企業管治報告44Directors and Senior Management董事及高級管理人員50Directors’ Report董事會報告61Independent Auditor’s Report獨立核數師報告67Consolidated Financial Statements綜合財務報表67Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表68Consolidated Statement of Financial Position綜合財務狀況表70Consolidated Statement of Changes in Equity綜合權益變動表72Consolidated Statement of Cash Flows綜合現金流量表75Notes to the Consolidated Financial Statements綜合財務報表附註196Financial Summary財務概要 2Annual Report 2022 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Corporate Information公司資料BOARD OF DIRECTORSExecutive DirectorsMr. HSU, Shu-ping (Vice Chairman)Mr. CHANG, Tsai-hsiungMr. LEE, Kun-yenMr. CHANG, Chen-kuen (Chief Executive Officer)Mr. LIN, Seng-changMs. WU, Ling-lingNon-Executive DirectorMr. HSU, Shu-tong (Chairman)Independent Non-Executive DirectorsMr. TSIM, Tak-lung DominicMr. WANG, WeiMr. LEE, Kao-chaoDr. WANG, Kuo-mingCOMPANY SECRETARYMs. MOK, Ming WaiAUTHORIZED REPRESENTATIVESMr. CHANG, Chen-kuenMs. MOK, Ming WaiMEMBERS OF AUDIT COMMITTEEMr. TSIM, Tak-lung Dominic (Chairman)Mr. HSU, Shu-tong Mr. LEE, Kao-chaoMEMBERS OF REMUNERATION COMMITTEEDr. WANG, Kuo-ming (Chairman)Mr. HSU, Shu-tongMr. TSIM, Tak-lung DominicMEMBERS OF NOMINATION COMMITTEEMr. HSU, Shu-tong (Chairman)Mr. TSIM, Tak-lung DominicMr. WANG, WeiMEMBERS OF INDEPENDENCE COMMITTEEMr. LEE, Kao-chao (Chairman)Mr. TSIM, Tak-lung DominicDr. WANG, Kuo-mingREGISTERED OFFICECricket Square, Hutchins DrivePO Box 2681, Grand Cayman KY1-1111Cayman IslandsPRINCIPAL PLACE OF BUSINESS IN THE PRCNo. 6 Yadong AvenueMa-Tou Town, Ruichang CityJiangxi Province董事會執行董事徐旭平先生（副主席）張才雄先生李坤炎先生張振崑先生（行政總裁）林昇章先生吳玲綾女士非執行董事徐旭東先生（主席）獨立非執行董事詹德隆先生王偉先生李高朝先生王國明博士公司秘書莫明慧女士授權代表張振崑先生莫明慧女士審核委員會成員詹德隆先生（主席）徐旭東先生李高朝先生薪酬委員會成員王國明博士（主席）徐旭東先生詹德隆先生提名委員會成員徐旭東先生（主席）詹德隆先生王偉先生獨立委員會成員李高朝先生（主席）詹德隆先生王國明博士註冊辦事處Cricket Square, Hutchins DrivePO Box 2681, Grand Cayman KY1-1111 Cayman Islands中國主要營業地點江西省瑞昌市碼頭鎮亞東大道6號 32022年 年度報告 | 亞洲水泥（中國）控股公司Corporate Information 公司資料PRINCIPAL PLACE OF BUSINESS IN HONG KONGPortion of Unit B, 11th FloorLippo Leighton Tower103 Leighton RoadCauseway BayHong KongPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICESMP Partners (Cayman) LimitedRoyal Bank House – 3rd Floor24 Shedden RoadP.O. Box 1586, Grand Cayman KY1-1110Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong KongPRINCIPAL BANKERSChina Construction BankIndustrial and Commercial Bank of ChinaBank of ChinaBank of CommunicationsHONG KONG LEGAL ADVISERZhong Lun Law Firm4/F, Jardine House1 Connaught PlaceCentralHong KongAUDITORDeloitte Touche TohmatsuRegistered Public Interest Entity Auditors35/F, One Pacific Place88 QueenswayHong KongSTOCK CODE743COMPANY WEBSITEwww.achc.com.cnCONTACT DETAILSPhone: (852) 2839 3705Fax: (852) 2577 8040香港主要營業地點香港銅鑼灣禮頓道103號力寶禮頓大廈11樓B室部分主要股份過戶登記處SMP Partners (Cayman) LimitedRoyal Bank House – 3rd Floor24 Shedden RoadP.O. Box 1586, Grand Cayman KY1-1110 Cayman Islands香港股份過戶登記分處卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓主要往來銀行中國建設銀行中國工商銀行中國銀行交通銀行香港法律顧問中倫律師事務所香港中環康樂廣場1號怡和大廈4樓核數師德勤•關黃陳方會計師行註冊公眾利益實體核數師香港金鐘道88號太古廣場一期35樓股份代號743公司網頁www.achc.com.cn聯絡詳情電話：(852) 2839 3705傳真：(852) 2577 8040 4Annual Report 2022 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Financial Highlights財務摘要20222021二零二二年二零二一年NotesRMB’000RMB’000附註人民幣千元人民幣千元Revenue收益9,614,33011,755,908Gross profit毛利1,288,9293,679,965Profit for the year年內溢利423,9921,821,303Profit attributable to owners of the Company本公司擁有人應佔溢利420,0721,768,307Gross profit margin毛利率13%31%Earning per share每股盈利— Basic— 基本RMB0.268人民幣0.268元RMB1.129人民幣1.129元Total assets資產總值21,146,28421,416,855Net assets資產淨值17,390,86417,673,840Liquidity and Gearing流動資金及負債Current ratio流動比率15.103.43Quick ratio速動比率24.693.07Gearing ratio負債比率30.180.17Notes:1. Current ratio is calculated as current assets divided by current liabilities.2. Quick ratio is calculated as current assets less inventories divided by current liabilities.3. Gearing ratio is calculated as total liabilities divided by total assets.附註：1. 流動比率按流動資產除流動負債計算。2. 速動比率按流動資產減存貨除流動負債計算。3. 負債比率按負債總額除資產總值計算。 52022年 年度報告 | 亞洲水泥（中國）控股公司Chairman’s Statement主席報告To our shareholders,In 2022, China’s economy, despite under pressure, moved forward and made steady progress, with an annual GDP growth rate of 3.0%. Judging from the major macroeconomic indicators, the foundation of economic stability in China was still solid. However, affected by multiple factors including severe epidemic prevention and control situation, continuous decline of the real estate market and abnormal climate changes in certain areas, cement demand had been sluggish throughout the year, leading to a downward