CGII HLDGS中期报告2023

2023INTERIM REPORT中 期 報 告 CONTENTS目錄 Corporate Information2 Definitions5 Management Discussion and Analysis7 Other Information25 Report on Review of Interim Condensed Consolidated Financial Statements33 Interim Condensed Consolidated Statement of Comprehensive Income39 Interim Condensed Consolidated Statement of Financial Position40 Interim Condensed Consolidated Statement of Changes in Equity42 Interim Condensed Consolidated Statement of Cash Flows43 Notes to the Interim Condensed Consolidated Financial Statements44 公司 資 料Corporate Information BOARD OF DIRECTORS 董 事會 執行 董 事 Executive DirectorsMr. Yao Li(Chairman)Ms. Gao Guimin 非 執行 董 事 Non-executive Directors Mr. Zhang WenliMr. Lai YuiMs. Ng Shuk Ming 獨立非 執行 董 事 Independent Non-executive Directors Mr. Siu Chi HungMr. Xiao Huan WeiMs. Li Chun Elsy 公司秘 書 COMPANY SECRETARYMr. Hon Ming Sang 授權 代 表 AUTHORISED REPRESENTATIVES Mr. Yao LiMr. Hon Ming Sang 審 核 委員會 AUDIT COMMITTEE Mr. Siu Chi Hung(Chairman)Mr. Zhang WenliMr. Xiao Huan Wei 薪 酬委員會 REMUNERATION COMMITTEE Mr. Xiao Huan Wei(Chairman)Ms. Gao GuiminMr. Siu Chi Hung 提名委員會 NOMINATION COMMITTEE Mr. Yao Li(Chairman)Mr. Xiao Huan WeiMr. Siu Chi HungMs. Li Chun Elsy 核 數師 AUDITOR 11125 BDO LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor25th Floor, Wing On Centre111 Connaught Road CentralHong Kong PRINCIPAL PLACE OF BUSINESS AND HEADOFFICE IN THE PEOPLE’S REPUBLIC OF CHINA 中華人民共和國主 要營業 地點及 總部 12 Laoting Economic Development ZoneNo. 12 Yantai RoadHebei ProvinceThe People’s Republic of China 開曼群島註 冊 辦事處 REGISTERED OFFICE INTHE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 香港主 要營業 地點 PRINCIPAL PLACE OF BUSINESSIN HONG KONG 9272704A Unit 2704A, 27th FloorNine Queen’s Road Central9 Queen’s Road CentralHong Kong PRINCIPAL BANKERS 主 要 往 來 銀行 China Construction BankIndustrial and Commercial Bank of ChinaBank of ChinaBank of Communications 公司 資 料 Corporate Information 合 規 顧問 COMPLIANCE ADVISER 21 Altus Capital Limited21 Wing Wo StreetCentralHong Kong 香港法 律 顧問 HONG KONG LEGAL ADVISER 21332 MinterEllison LLPLevel 32Wu Chung House213 Queen’s Road EastHong Kong 主 要 股份過 戶登 記 處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands 香港證券登 記分處 HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 股份 代號1940 STOCK CODEStock Code: 1940 網站www.cgiihldgs.com WEBSITEwww.cgiihldgs.com 釋 義Definitions “Luanxian” “Model Code” “PRC” or “China” “Reporting Period” “SFO” “Share(s)” “Stock Exchange” “Tangshan Plate” “TTG” “TTG Laoting Branch” 管 理 層 討 論 及 分 析Management Discussion and Analysis 業 務回顧 BUSINESS REVIEW The Group is principally engaged in the production and supply of industrialgases in the PRC. 2023GDP59.35.5% According to the National Bureau of Statistics of China, China’s grossdomesticproduct(GDP)in the first half of 2023 was approximatelyRMB59.3 trillion, representing a year-on-year increase of 5.5%. 2023 The Group’s key industrial gas products are mainly used in the productionof iron and steel and hence, the Group’s revenue is derived mainly fromsteel production companies. In the first half of 2023, pandemic controlmeasures in China such as lockdown were lifted, and the steel industryin China was generally growing steadily. 1-653,5641.3%45,1562.7%67,6554.4% According to the National Bureau of Statistics of China, from Januaryto June this year, China’s crude steel output was 535.64 million tons,representing a year-on-year increase of 1.3%; pig iron output was 451.56million tons, representing a year-on-year increase of 2.7%; and steel outputwas 676.55 million tons, representing a year-on-year increase of 4.4%. 2023708.0811.26% The Group’s pipeline and liquefied industrial gas business in aggregaterecorded an increase as compared to the corresponding period last year,while the sales volume of the LNG products from Luanxian increasedsignificantly. Consequently, the Group’s revenue in the first half of 2023wasapproximately RMB708.08 million,representing a year-on-yearincrease of 11.26%. 管 理 層 討 論 及 分 析Management Discussion and Analysis 供 應管 道 工業 氣體 Supply of pipeline industrial gas The Group’s pipeline industrial gas is produced and transmitted to itscustomers via pipelines. The Group’s production facilities are all locatedon, or in close proximity to, the production facilities of its pipeline industrialgas customers for the convenience of those customers being providedwith industrial gas products. During the Reporting Perio