中国农产品交易二零二三年中期报告

CONTENTS Corporate Information Interim Dividend5 Management Discussion and Analysis Corporate Governance and Other Information17 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income26 Condensed Consolidated Statement of Financial Position28 Condensed Consolidated Statement of Changes in Equity30 Condensed Consolidated Statement of Cash Flows32 Notes to Condensed Consolidated Financial Information33 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors GBS Mr. Tang Ching Ho,GBS, JP, ChairmanMr. Leung Sui Wah, Raymond,Chief Executive OfficerMr. Yau Yuk Shing Independent Non-executive Directors Mr. Ng Yat Cheung,JPMr. Lau King LungMr. Wong Ping Yuen AUDIT COMMITTEE Mr. Wong Ping Yuen,ChairmanMr. Ng Yat Cheung,JPMr. Lau King Lung REMUNERATION COMMITTEE GBS Mr. Ng Yat Cheung,JP, ChairmanMr. Lau King LungMr. Wong Ping YuenMr. Tang Ching Ho,GBS, JP NOMINATION COMMITTEE GBS Mr. Lau King Lung,ChairmanMr. Ng Yat Cheung,JPMr. Wong Ping YuenMr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, Raymond EXECUTIVE COMMITTEE GBS Mr. Tang Ching Ho,GBS, JP, ChairmanMr. Leung Sui Wah, RaymondMr. Yau Yuk Shing AUTHORIZED REPRESENTATIVES GBS Mr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, Raymond COMPANY SECRETARY Ms. Ng Yee Man, Fiona AUDITORS Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS Hong Kong Law: DLA Piper Hong KongPRC Law: King & Wood Mallesons PRINCIPAL BANKERS Agricultural Bank of China LimitedBank of China LimitedBank of Communications Co., Ltd. Hong Kong BranchChina CITIC Bank Corporation LimitedGuilin Bank Co., Ltd.Ping An Bank Co., Ltd.Qinzhou Metro Area Rural Credit CooperativesThe Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 39323202 Suite 3202, 32/F, Skyline Tower39 Wang Kwong RoadKowloon BayKowloonHong Kong PRINCIPAL SHARE REGISTRARAND TRANSFER AGENT MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda CORPORATE INFORMATION BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LISTING INFORMATION 0149 Shares Listing The Stock Exchange of Hong Kong LimitedStock Code: 0149 Notes Listing 1%5755 The Stock Exchange of Hong Kong LimitedThe Company’s 1% notes due 2024Stock Code: 5755 HOMEPAGE http://www.cnagri-products.com http://www.cnagri-products.com INTERIM DIVIDEND The board of directors (the “Board” or the “Director(s)”) of ChinaAgri-Products Exchange Limited (the “Company”, together with itssubsidiaries, collectively referred to as the “Group”) has resolved not todeclare any payment of interim dividend for the six months ended 30September 2023 (the “Period”) (for the six months ended 30 September2022 (the “2022 Corresponding Period”): Nil). MANAGEMENT DISCUSSION AND ANALYSIS SUMMARY OF FINANCIAL RESULTS Turnover, Gross Profit and Segment Result 325,000,000322,000,0003,000,0001% For the Period, the Group recorded a turnover of approximately HK$325million, representing an increase of approximately HK$3 million orapproximately 1% from approximately HK$322 million for the six monthsperiod ended 30 September 2022 as a result of the increase in the propertysales recognition as compared to that of the 2022 Corresponding Period.The below table summarises the key financial performance of the Group: 162,000,000112,000,000180,000,000120,000,00010%7% During the Period, the Group recorded a gross profit and a segment resultof approximately HK$162 million and approximately HK$112 million,respectively (for the six months ended 30 September 2022: approximatelyHK$180 million and approximately HK$120 million, respectively),representing a decrease of approximately 10% and approximately 7%,respectively, as compared to the 2022 Corresponding Period. The decreasein gross profit and segment result were mainly due to drop in gross profitand segment result in property sales during the Period. General and Administrative Expenses, Selling Expenses andFinance Costs 79,000,00082,000,00016,000,00016,000,00058,000,00065,000,000 The Group recorded general and administrative expenses of approximatelyHK$79 million in the Period (for the six months ended 30 September2022: approximately HK$82 million). The decrease is mainly due to thedecrease in legal and professional fee during the Period. Selling expenseswere approximately HK$16 million in the Period (for the six months ended30 September 2022: approximately HK$16 million). Finance costs wereapproximately HK$58 million in the Period (for the six months ended 30September 2022: approximately HK$65 million) and such decrease is mainlydue