中国金石2023年中期报告 (经修订)

Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Zheng YonghuiMr. Zhang WeijunMs. Zhang CuiweiMr. Zhang Mian Independent Non-executive Directors Andreas Varianos Mr. Yang RuiminMr. Andreas VarianosMs. Zu Rui AUDIT COMMITTEE Mr. Andreas Varianos(Chairman of Audit Committee)Mr. Yang RuiminMs. Zu Rui Andreas Varianos REMUNERATION COMMITTEE Ms. Zu Rui(Chairman of Remuneration Committee)Mr. Yang RuiminMs. Zhang Cuiwei NOMINATION COMMITTEE Mr. Yang Ruimin(Chairman of Nomination Committee)Ms. Zu RuiMs. Zhang Cuiwei AUTHORISED REPRESENTATIVES Ms. Zhang CuiweiMr. Cheung Wai Kee CHIEF EXECUTIVE OFFICEMr. Li Yunfei COMPANY SECRETARYMr. Cheung Wai Kee REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Corporate Information公司資料 HEADQUARTERS OF BUSINESS IN THE PRC Zhangjiaba MineZhenjiang VillageXiangshui CountyJiangyou CitySichuan ProvinceThe People’s Republic of China PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 14, 18/F., Seapower TowerConcordia PlazaNo. 1 Science Museum RoadKowloon, Hong Kong 11814 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedBank of Communications (Hong Kong) LimitedIndustrial and Commercial Bank of China AUDITORSElite Partners CPA Limited LEGAL ADVISER 15373701&3708-3710 Seyfarth Shaw (as to Hong Kong law)Suites 3701 & 3708-3710, 37/F, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentral, Hong Kong 1380 STOCK CODE1380 www.kingstonemining.com WEBSITE OF THE COMPANYwww.kingstonemining.com Management Discussion and Analysis管理層討論及分析 BUSINESS REVIEW China Kingstone Mining Holdings Limited (the “Company”), togetherwithits subsidiaries(the“Group”),were principally engaged inproduction and sales of marble and marble related products in People’sRepublic of China (“PRC” or “China”). The Group owns and operatesa beige marble mine in China, namely the Zhangjiaba Mine, whichis located in Zhenjiang Village, Xiangshui County, Jiangyou City ofSichuan Province, China. Marble Slags and Calcium Carbonate Business Marbleslags are produced in the course of stripping overburdenatZhangjiaba mine and by crushing the cracked marble stones.Marble slag is a raw material for the production of ground calciumcarbonate (the “GCC”). The Group sells the marble slags to the GCCmanufactures which are close to the Zhangjiaba mine. 20236 30202314,400,00020226 30202225,500,00011,100,00043.4% The uncertainty about China’s economy is rising and it appears a lackof confidence in China’s economic growth has been spreading. Themuch-anticipated solid growth in the post-coronavirus recovery did notmaterialize. The outlook is set for more weakness amid geopoliticaltensionswith the United States and slowing global demand.TheCompanybelieves the demand in marble slags as one of widelyused raw materials would fall further in second half year amid theweakeconomic momentum in China and slowing global economywhich would likely put further pressure on external demand. Duringthe six months ended 30 June 2023 (“HY2023”), revenue attributabletomarble slags business was approximately RMB14.4 million,representing a decrease of approximately RMB11.1 million or 43.4%as compared to approximately RMB25.5 million for the six monthsended 30 June 2022 (“HY2022”). The decrease was primarily due tothe weak demand in goods and service resulting from that the Chinaeconomyhas been hit by a double whammy faltering demand atdomestic and abroad with the ripple effects across the regions. TheGroup believes the weak domestic and global demand will last astretch of time and the business growth in marble slags will slow downin forthcoming these years. The Group has continued to find a way to roll out the GCC businessplan. The Group believes that it owns rich marble resources that canextractedfrom the Zhangjiaba Mine,which gives it a competitiveadvantage to develop the GCC business. In view of the good futurebusiness opportunities, the Group will continue to attempt to look forcooperation partners to embark the GCC business plan. Given thatthe current negative market sentiment for the expansion or additionalinvestment in the business for the GCC operators, the Company wouldnot pre-set the timeline to implement the expansion plan of the GCCbusiness. Management Discussion and Analysis管理層討論及分析 Virtual Restaurant Business www.celeplate.co.uk20232023 The Group commenced a virtual restaurant brand for a delivery-onlyoperation.The Group has launched its own website of the virtualresta