中国煤层气二零二三年年报

CHARACTERISTICS OF THE GEM (“GEM”) OF THE STOCK EXCHANGE OF HONGKONG LIMITED (THE “STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate small and mid-sized companies towhich a higher investment risk may be attached than other companies listed on the Stock Exchange.Prospective investors should be aware of the potential risks of investing in such companies andshould make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a riskthat securities traded on GEM may be more susceptible to high market volatility than securities tradedon the Main Board of the Stock Exchange and no assurance is given that there will be a liquid marketin the securities traded on GEM. HongKong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take noresponsibility for the contents of this report, make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole orany part of the contents of this report. This report, for which the directors (the “Directors”) of China CBM Group Company Limited (the “Company”)collectively and individually accept full responsibility, includes particulars given in compliance with the RulesGoverning the Listing of Securities on GEM of the Stock Exchange (the “GEM Listing Rules”) for the purpose ofgiving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm thatto the best of their knowledge and belief the information contained in this report is accurate and complete in allmaterial respects and not misleading or deceptive, there are no other matters the omission of which would makeany statement herein or this report misleading and that all opinions expressed in this report have been arrived atafter due and careful consideration and are founded on bases and assumptions that are fair and reasonable. GEMGEM GEM GEMGEMGEM GEMGEM CHINA CBM GROUP COMPANY LIMITEDCHINA CBM GROUP COMPANY LIMITED3Corporate Information6Corporate Profile7Chairman’s Statement12Management Discussion and Analysis19Corporate Governance Report37Environmental, Social and Governance Report67Biographical Information of Directors and Key Management71Directors’ Report86Independent Auditors’ Report93Consolidated Statement of Profit or Loss94Consolidated Statement of Profit or Loss and Other Comprehensive Income95Consolidated Statement of Financial Position97Consolidated Statement of Changes in Equity98Consolidated Statement of Cash Flows100Notes to the Consolidated Financial Statements216Five Year Financial Summary BOARD OF DIRECTORS Executive Directors Mr. Wang Zhong Sheng(Chairman)Mr. Chang Jian Non-Executive Directors Mr. Duan Shi ChuanMr. Liang FengMr. Wang Chen Independent Non-Executive Directors Mr. Lau Chun PongMr. Wang Zhi HeMr. Xu Yuan Jian AUDIT COMMITTEE Mr. Lau Chun Pong(Chairman of audit committee)Mr. Wang Zhi HeMr. Xu Yuan Jian NOMINATION COMMITTEE Mr. Wang Zhi He(Chairman of nomination committee)Mr. Lau Chun PongMr. Xu Yuan Jian REMUNERATION COMMITTEE Mr. Lau Chun Pong(Chairman of remuneration committee)Mr. Wang Zhi HeMr. Xu Yuan Jian CORPORATE INFORMATION公司資料 COMPANY SECRETARYMr. Tse Chun Lai COMPLIANCE OFFICERMr. Wang Zhong Sheng AUTHORISED REPRESENTATIVES Mr. Wang Zhong ShengMr. Tse Chun Lai HEAD OFFICE & PRINCIPAL PLACE OF BUSINESSIN HONG KONG 3621920 Room 20, 19/F,Fortune Commercial Building362 Sha Tsui RoadTsuen Wan, Hong Kong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR KTC Partners CPA Limited PRINCIPAL BANKERBank of China (Hong Kong) Limited 08270 STOCK CODE 08270 CORPORATE PROFILE公司簡介 GEMGEM China CBM Group Company Limited and its subsidiaries (collectivelyreferred to as the “Group”) currently conduct the business ofmanufacture and sales of liquefied coalbed gas whose operationsare located in the PRC. The Company was incorporated in CaymanIslands as an exempted company with limited liability in July 2002and continued in Bermuda as an exempted company with limitedliabilities in accordance with the Company Act 1981 (as amended)of Bermuda. It was initially listed on the GEM (“GEM”) of The StockExchange of Hong Kong Limited on 12 August 2003. The Group is principally engaged in the business of exploitation,liquefactionproduction and sales of natural gas in the PRC.Headquartered in Beijing. The Group’s production of liquefiedcoalbed gas is in Shanxi Qinshui Basin which boasts the