三和精化2023 中期报告

CONSTRUCTIONSUPPLEMENTARYMATERIALS ANDRELATED PRODUCTS CAR CARE ANDAUTOMOTIVEMAINTENANCEPRODUCTS CORPORATE INFORMATION2FINANCIAL HIGHLIGHTS5MANAGEMENT DISCUSSION ANDANALYSIS6ADDITIONAL INFORMATION14CONDENSED CONSOLIDATED STATEMENTOF COMPREHENSIVE INCOME25CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITION26CONDENSED CONSOLIDATED STATEMENTOF CHANGES IN EQUITY27CONDENSED CONSOLIDATED STATEMENTOF CASH FLOWS28NOTES TO THE CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS29 CORPORATE INFORMATION EXECUTIVE DIRECTORSMr. Chen Bingqiang(Chairman)Mr. Ng Cheuk Lun INDEPENDENT NON-EXECUTIVE DIRECTORS Ir.Daniel LaiMr.Xu KaiMr.Yeung Chun Yue David AUDIT COMMITTEEMr.Yeung Chun Yue David(Chairman)Ir.Daniel LaiMr.Xu Kai REMUNERATION COMMITTEE Ir.Daniel Lai(Chairman)Mr.Xu KaiMr.Yeung Chun Yue DavidMr.Chen Bingqiang NOMINATION COMMITTEEMr.Xu Kai(Chairman)Ir.Daniel LaiMr.Yeung Chun Yue David ESG COMMITTEE Mr.Chen Bingqiang(Chairman)Mr.Ng Cheuk LunIr.Daniel LaiMr.Xu KaiMr.Yeung Chun Yue David COMPANY SECRETARYMr.Ng Cheuk Lun AUTHORISED REPRESENTATIVESMr.Chen BingqiangMr.Ng Cheuk Lun CORPORATE INFORMATION REGISTERED OFFICE 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS INTHE PRC 5 No. 5 Xinliu West RoadHuangpu TownZhongshanGuangdong ProvinceThe PRC 3495 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 5/F., 349 Hennessy RoadWanchaiHong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands HONG KONG BRANCH SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 183171712-1716 CORPORATE INFORMATION INDEPENDENT AUDITOR 30801-806 Moore Stephens CPA LimitedRegistered Public Interest Entity Auditor801-806 Silvercord, Tower 130 Canton Road, TsimshatsuiKowloon, Hong Kong HONG KONG LEGAL ADVISER King & Wood Mallesons13/F, Gloucester TowerThe Landmark15 Queen’s Road CentralCentral, Hong Kong 1513 PRINCIPAL BANKER 4519 CMB Wing Lung Bank Limited19/F, CMB Wing Lung Bank Building45 Des Voeux Road Central, Hong Kong LISTING INFORMATION 301 The Company’s ordinary shares are listed on the Main Board ofThe Stock Exchange of Hong Kong Limited (Stock Code: 301) www.sanvo.com COMPANY’S WEBSITEwww.sanvo.com FINANCIAL HIGHLIGHTS For the six months ended 30 June 2023, the Group’s operating resultswere as follows: •T o t a lr e v e n u e i n c r e a s e d b y a p p r o x i m a t e l y 1 2 . 8 %t oapproximatelyRMB520.2 million(six months ended 30 June2022: approximately RMB461.3 million).•Gross profit increased by approximately 20.4% to approximatelyR M B 1 5 6 . 2m i l l i o n( s i x m o n t h s e n d e d 3 0 J u n e 2 0 2 2 :approximately RMB129.7 million).•Gross profit margin increased by approximately 1.9 percentagepoints to approximately 30.0% (six months ended 30 June 2022:approximately 28.1%).•Profitfor the period attributable to owners of the Companyincreased by approximately 103.4% to approximately RMB19.7million (six months ended 30 June 2022: approximately RMB9.7million).•TheBoard did not recommend the payment of an interimdividend for the six months ended 30 June 2023 (six monthsended 30 June 2022: Nil). •12.8%520,200,000461,300,000•20.4%156,200,000129,700,000•1.930.0%28.1%•103.4%19,700,0009,700,000• MANAGEMENT DISCUSSIONAND ANALYSIS BUSINESS REVIEW SANVOFine Chemicals Group Limited(the“Company”)and itssubsidiaries(collectively,the“Group”)is a well established finechemicalproducts manufacturer based in the People’s RepublicofChina(the“PRC”).The Group focuses principally on themanufacture, research and development, and sale of a diversifiedportfolio of fine industrial chemical products, which can serve a widerangeof purposes,including as hardware and building materialsand towards automotive maintenance. The Group’s products canbe broadly categorised into the following segments: (i) aerosols, (ii)organicsilicone adhesives,(iii)synthetic adhesives,and(iv)othermiscellaneous products such as architectural coatings, oil products,wood paints and others. (i)(ii)(iii)(iv) The Group has two principal lines of business operations, namely themanufacture and sale of fine industrial chemical products (i) underthebrands of“SANVO”and“FullTeam”,and(ii)on anoriginal equipment manufacturing (“OEM”) basis whereby productsare manufactured in accordance with the customer’s design andspecification and are marketed under the customer’s brand name. (i)SANVOFullTeam(ii)OEM 520,200,000461,300,00012.8% TheGroup recorded revenue of approximately RMB520.2 millionfor the six months ended 30 June 2023 (six months ended 30 June2022: approximately RMB461.3 million), representi