世纪阳光2023中期报告

目 錄Contents 2公司資料Corporate Information4財務概要Financial Highlights5管理層討論及分析Management Discussion and Analysis18未經審核簡明綜合損益表Unaudited Condensed ConsolidatedStatement of Profit or Loss19未經審核簡明綜合全面收益表Unaudited Condensed ConsolidatedStatement of Comprehensive Income20未經審核簡明綜合財務狀況表Unaudited Condensed ConsolidatedStatement of Financial Position22未經審核簡明綜合權益變動表Unaudited Condensed ConsolidatedStatement of Changes in Equity23未經審核簡明綜合現金流量表Unaudited Condensed ConsolidatedStatement of Cash Flows24未經審核簡明綜合中期財務報表附註Notes to the Unaudited CondensedConsolidated Interim Financial Statements48其他資料Other Information 公司資料Corporate Information BOARD OF DIRECTORS Executive DirectorsChi Wen Fu(Chairman)Chi Jing Chao 20235 9 Non-executive DirectorGuo Mengyong (Passed away on 9 May 2023) Independent Non-executive DirectorsCheung Sound PoonSheng HongShen Yi Min Company SecretaryLuk Sai Wai, Simon COMMITTEES Audit CommitteeCheung Sound Poon(Committee Chairman)Sheng HongShen Yi Min Nomination Committee Chi Wen Fu(Committee Chairman)Cheung Sound PoonSheng HongShen Yi Min Remuneration Committee Cheung Sound Poon(Committee Chairman)Chi Jing ChaoSheng HongShen Yi Min HEAD OFFICE 516(852) 2802 2165(852) 2802 2697ir@centurysunshine.com.hkwww.centurysunshine.com.hk 16th Floor, Tower 5, The GatewayHarbour CityTsim Sha TsuiKowloonHong KongTelephone: (852) 2802 2165Fax: (852) 2802 2697E-mail: ir@centurysunshine.com.hkWebsite: www.centurysunshine.com.hk LISTING INFORMATION 00509Listing:Main Board of The StockExchange of Hong Kong LimitedStock code:00509 SHARE INFORMATION Company’s shares ofHK$0.02 each (the“Shares”) in issue(30 June 2023):4,581,116,843 SharesMarket capitalisation(30 June 2023):HK$50,392,285Board lot size:5,000 Shares 0.0220236 304,581,116,84320236 3050,392,285 5,000 SHARE REGISTRAR AND TRANSFEROFFICES Principal: Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman KY1-1110Cayman Islands Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman KY1-1110Cayman Islands Hong Kong: Tricor Investor Services Limited17 Floor, Far East Finance Centre16 Harcourt RoadHong Kong 1617 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 管理層討論及分析Management Discussion and Analysis INDUSTRY REVIEW 202280%2022 Due to multiple factors including international situations,economic environment, and climate conditions, the soaringprices of commodity raw materials in 2022 are still fresh inour memory. This includes the raw materials for compoundfertilisers, such as nitrogen, phosphorus, and potassium.The prices of these elemental fertilisers directly impact theproductioncost of compound fertilisers,with elementalfertilisers accounting for over 80% of the production cost ofcompound fertilisers. However, from the third quarter of 2022to the second quarter of this year, the prices of elementalfertilisersexperienced a rapid decline and significantfluctuations. This disruption severely affected the purchasingrhythmof compound fertiliser distributors and farmers,leading to a strong atmosphere of caution and hesitation.It has had a significant negative impact on the sales andproduction of compound fertiliser companies. BUSINESS REVIEW 20236 30122,351,0002022340,275,00064.0%27.8%202219.2%2 7 4 , 4 1 4 , 0 0 02 0 2 2438,033,000 For the six months ended 30 June 2023 (“the Period”),t h eG r o u p ’ s o v e r a l l r e v e n u e r e a c h e d a p p r o x i m a t e l yHK$122,351,000 (2022: approximately HK$340,275,000),representing a period-on-period decrease of approximately64.0%. The overall gross loss margin was approximately27.8% (2022: overall gross profit margin of approximately19.2%),and the net loss after tax was approximatelyHK$274,414,000 (2022:approximately HK$438,033,000). 管理層討論及分析 Management Discussion and Analysis TheGroup’s fertiliser products are all green ecologicalfertilisers, which are processed from elemental fertilisersbased on scientific formulations. The Group operates inthe downstream segment of the entire fertiliser industrychain and has a strong reliance on elemental fertilisers. Atthe same time, compound fertilisers directly connect withagriculturalproduction.Changes in agricultural plantingstructures, changes in planting areas, and fluctuations inagricultural product prices all have a direct impact on thedemand for compound fertilisers. As a downstream companyin the industry chain, we are squeezed between the supplyside (elemental fertilisers supplies) and the demand side(distributorsand farmers),which puts pressure on theGroup’s performance, resulting in a significant reductionin our gross profit margin. To maintain the working capitalfor fertiliser production and minimise the risks arising frommarket fluctuations, the Group has adjusted and compressedits fertiliser production scale, leading to a period-on-perioddecre