世纪集团国际2023年中期报告

CONTENTS Corporate Information Financial Highlights Management Discussion and Analysis 5 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Condensed Consolidated Statement of Financial Position 10 Condensed Consolidated Statement of Changes in Equity11 Condensed Consolidated Statement of Cash Flows13 Notes to the Condensed Consolidated Financial Statements 14 Corporate Governance and Other Information25 CORPORATE INFORMATION BOARD OF DIRECTORS Executive DirectorsMr. Wang Feng(Chairman)Mr. Man Wai Lun Independent Non-executive DirectorsMr. Law, Michael Ka MingMr. Chung Man LaiMs. Lam Yuen Man Maria AUDIT COMMITTEE Ms. Lam Yuen Man Maria(Chairman)Mr. Law, Michael Ka MingMr. Chung Man Lai REMUNERATION COMMITTEE Mr. Law, Michael Ka Ming(Chairman)Mr. Chung Man LaiMs. Lam Yuen Man Maria NOMINATION COMMITTEE Mr. Chung Man Lai(Chairman)Mr. Law, Michael Ka MingMs. Lam Yuen Man Maria COMPANY SECRETARY Mr. Lee Cheuk Man AUTHORISED REPRESENTATIVES Mr. Man Wai LunMr. Lee Cheuk Man PLACE OF BUSINESS IN CHINA Century Group BuildingXushu VillageGucheng JiedaoLinhai, Taizhou, Zhejiang ProvincePRC HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 316D Office D, 16/FKings Wing Plaza 1No. 3 On Kwan StreetShek MunNew TerritoriesHong Kong HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANK Shanghai Commercial Bank Ltd. AUDITOR 183212110–2111 CWK CPA LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorsUnit 2110–2111, 21/F, Cosco Tower183 Queen’s Road CentralCentral, Hong Kong COMPANY WEBSITE www.centurygroup.com.hk www.centurygroup.com.hk STOCK CODE 2113 2113 FINANCIAL HIGHLIGHTS The board (the “Board”) of directors (the “Directors”) of Century GroupInternational Holdings Limited (the “Company”) is pleased to presenttheunaudited consolidated interim results of the Company and itssubsidiaries(collectively,the“Group”)for the six months ended 30September 2023 (the “Reporting Period”), together with the comparativefigures for the corresponding period in 2022: FINANCIAL HIGHLIGHTS 29,700,00073,800,000 •Revenueof the Group for the Reporting Period amounted toapproximatelyHK$29.7 million(for the six months ended 30September 2022: approximately HK$73.8 million). 6,200,00016,400,000 •Loss attributable to owners of the Company for the ReportingPeriodamounted to approximately HK$6.2 million(for the sixmonthsended 30 September 2022:approximately HK$16.4million). •12 •Basicand diluted loss per share for the Reporting Periodamounted to approximately HK cent 1 (for the six months ended30 September 2022: approximately HK cents 2). MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW During the Reporting Period, the Group was engaged to undertake siteformation works in Hong Kong as a subcontractor and the trading ofliquefied natural gas (“LNG”) in the People’s Republic of China (“PRC”). Construction and site formation services 29,700,00044,100,000 Duringthe Reporting Period,revenue amounted to approximatelyHK$29.7million,approximately HK$44.1 million lower than thecorresponding period in 2022. Such decrease was mainly attributableto the projects on hand from previous years were at their later stage ofcompletion while the new project awarded was in its initial stage duringthe Reporting Period. 1,000,000 During the Reporting Period, there was one new project awarded withcontract sum of approximately HK$1.0 million (2022: nil). 437,700,000533,100,00025,100,0004,600,000 As at 30 September 2023, the four projects with related variation orderson hand are in progress, with a total contract sum of approximatelyHK$437.7 million (2022: four projects, approximately HK$533.1 million).Approximately HK$25.1 million was recognised as revenue from threeof these four projects during the Reporting Period while approximatelyHK$4.6 million of the revenue was generated from previous completedprojects. Set out below is a list of projects completed during the Reporting Periodand those projects which are still in progress at 30 September 2023: MANAGEMENT DISCUSSION AND ANALYSIS Trading of LNG 5,400,000 The revenue of the Group for the trading of LNG in the Reporting Periodwas nil (2022: approximately HK$5.4 million). Armed with a growing portfolio of long-term supply deals recently struckwith Qatar and United States of America exporters, as well as extensiveterminalcapacity,Chinese companies led by state giant are moreactively trading LNG. LNG sales in the PRC had increased along withrising Asian demand after the disruption in Russian exports to Europesparked price volatility and tightened supplies globally. The beefed-uptrading presence of Chinese importers puts them in direct competition.There is a paradigm shift in Chinese companies from being total netimporters to more international and domestic trading players. Theseopenings in the