复兴亚洲中期报告2023

Corporate InformationManagement Discussion and AnalysisCorporate Governance and Other InformationCondensed Consolidated:Statement of Profit or Loss and Other Comprehensive IncomeStatement of Financial PositionStatement of Changes in EquityStatement of Cash FlowsNotes to the Condensed Consolidated Financial StatementsDefinitions 管理層之研討及分析4 企業管治及其他資料10 財務狀況表24 股東權益變動表25 釋義53 CORPORATE INFORMATION公司資料 董事會 BOARD OF DIRECTORS 執行董事邱振毅先生（主席）潘楓先生謝強明先生 Executive DirectorsMr. Qiu Zhenyi(Chairman)Mr. Pan FengMr. Xie Qiangming 非執行董事吳青女士許會強先生 Non-executive DirectorsMs. Ng ChingMr. Xu Huiqiang 獨立非執行董事廖家瑩博士陳堅先生謝仕斌先生 Independent non-executive DirectorsDr. Liu Ka Ying RebeccaMr. Chen JianMr. Tse Sze Pan 審核委員會廖家瑩博士（主席）陳堅先生謝仕斌先生 AUDIT COMMITTEE Dr. Liu Ka Ying Rebecca(chairman)Mr. Chen JianMr. Tse Sze Pan 薪酬委員會謝仕斌先生（主席）廖家瑩博士陳堅先生謝強明先生 REMUNERATION COMMITTEE Mr. Tse Sze Pan(chairman)Dr. Liu Ka Ying RebeccaMr. Chen JianMr. Xie Qiangming 提名委員會邱振毅先生（主席）廖家瑩博士陳堅先生謝仕斌先生謝強明先生 NOMINATION COMMITTEE Mr. Qiu Zhenyi(chairman)Dr. Liu Ka Ying RebeccaMr. Chen JianMr. Tse Sze PanMr. Xie Qiangming 聯席公司秘書阮國權先生林冠輝先生 JOINT COMPANY SECRETARIESMr. Yuen Kwok KuenMr. Lam Koon Fai 法定代表潘楓先生謝強明先生 AUTHORISED REPRESENTATIVESMr. Pan FengMr. Xie Qiangming 註冊辦事處Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 總辦事處及香港主要營業地點 HEAD OFFICE AND PRINCIPALPLACE OF BUSINESS 香港干諾道中168-200號信德中心西座12樓1208室 Room 1208, 12/FWest Tower, Shun Tak Centre168-200 Connaught Road CentralHong Kong 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 卓佳登捷時有限公司香港夏愨道16號遠東金融中心17樓 Tricor Tengis Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong 核數師中匯安達會計師事務所有限公司香港九龍灣宏照道38號企業廣場第5期2座23樓 AUDITORZHONGHUI ANDA CPA Limited23/F., Tower 2Enterprise Square Five38 Wang Chiu RoadKowloon Bay, KowloonHong Kong 法律顧問禮德齊伯禮律師行（就香港法律）香港鰂魚涌太古坊華蘭路18號港島東中心17樓 LEGAL ADVISOR Reed Smith Richards Butler(as to Hong Kong Law)17/F., One Island EastTaikoo Place, 18 Westlands RoadQuarry BayHong Kong 主要往來銀行香港上海滙豐銀行有限公司中國建設銀行股份有限公司 PRINCIPAL BANKERThe Hongkong and ShanghaiBanking Corporation LimitedChina Construction Bank Corporation 公司網站www.rasr.com.hk COMPANY’S WEBSITEwww.rasr.com.hk 股份代號274 STOCK CODE274 MANAGEMENT DISCUSSION AND ANALYSIS管理層之研討及分析 業務及財務回顧 BUSINESS AND FINANCIAL REVIEW 本集團有三項主要業務：(i)於中國從事黃金開採、勘探及買賣黃金產品；及(ii)於中國從事煤炭貿易及凍肉及大豆油批發及貿易。 The Group is principally engaged in three business segments: (i) goldmining, exploration and trading of gold products in the PRC; and (ii)trading of coal and wholesale and trading of frozen meat and soya bean oilin the PRC. 業務回顧 BUSINESS REVIEW Mining Products 採礦產品 During the Reporting Period, Hunan Westralian is committed toimproving its business compliance. At present, the mining environmentalimpact assessment procedures are still in the application process.Hunan Westralian will continue to improve the projects that need tobe constructed and improved according to the requirements of theenvironmental impact assessment and will reapply for approval after thecompletion of the acceptance. In addition, the construction of relatedgreen mines is also in progress. 於報告期間，湖南西澳致力於完善經營合規方面工作。目前採礦環評手續仍然在努力申辦過程中，湖南西澳將按環評要求繼續完善需要建設及改進的專案，並將於完成驗收後重新申報批復。另相關綠色礦山建設亦尚在進行中。 由於過往歷年對探礦工程方面的力度及投放受限及不足，導致已知的礦產儲量偏低、可供開採的已探明礦藏不足、以及被湖南省自然資源廳縮減探礦權面積，故於報告期間，湖南西澳開始加大對採礦權範圍內探礦的力度，以期增加可供開採礦產儲量。 Due to the limited and insufficient efforts and investments in explorationprojects over the past years, resulting in low known mineral reserves,insufficient proven mineral for mining, and the reduction of the areaof exploration right by the Department of Natural Resources of HunanProvince. Therefore, during the Reporting Period, Hunan Westralianbegan to increase its exploration efforts within the scope of mining rights,with a view to increasing the mineral reserves available for mining. 由於前述原因，故開採方式多為邊採邊探，且多為小規模人工作業，導致採掘成本居高不下。湖南西澳於2023年上半年經營收益約55,800,000港元，虧損約24,600,000港元。湖南西澳期望未來探礦工程方面取得成果後，此部份能得以改善。 Due to the aforementioned reasons, the mining is mostly carried out atthe same time as exploration with small-scale manual operations, resultingin high mining costs. Hunan Westralian’s revenue in the first half of2023 was approximately HK$55.8 million, with a loss of approximatelyHK$24.6 million. Hunan Westralian expects this can be improved after theexploration project has made achievements in the future. 於報告期間，湖南西澳已根據上海黃金交易所發布的黃金加權平均交易價格，以現貨交付方式向從事該業務的客戶生產並銷售黃金產品。 During the Reporting Period, Hunan Westralian has generated and soldgold products to customers that are engaged in metal trading operationson site, based on the weighted average trading price for gold published bythe Shanghai Gold Exchange and on immediate payment against deliverybasis. 基於(i)於斯羅柯於2015年5月編製的獨立技術審查更新報告中所載，截至2015年3月31日金礦的概略儲量及50%的推斷資源量的總和減去(ii)於礦山提升項目及其他工作中產生的副礦的黃金總量50%及於2020年計劃生產的100%的黃金產量的總和，湖南西澳預計如現有選礦廠及（自2022年11月起）新選礦廠以負荷運營時