理文化工2023 年报

Content CORPORATE INFORMATION2CHAIRMAN’S STATEMENT4MANAGEMENT DISCUSSION AND ANALYSIS6CORPORATE GOVERNANCE REPORT11ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT25PROFILE OF DIRECTORS AND SENIOR MANAGEMENT79DIRECTORS’ REPORT84INDEPENDENT AUDITOR’S REPORT95CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME100CONSOLIDATED STATEMENT OF FINANCIAL POSITION101CONSOLIDATED STATEMENT OF CHANGES IN EQUITY103CONSOLIDATED STATEMENT OF CASH FLOWS104NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS106FINANCIAL SUMMARY180 LEE & MAN CHEMICAL COMPANY LIMITED理文化工有限公司 公司資料 BOARD OF DIRECTORS Executive DirectorsMs. Wai Siu Kee(Chairman)Mr. Lee Man Yan(Chief Executive Officer)Mr. Yang Zuo Ning 202438 Non-executive DirectorProfessor Chan Albert Sun ChiJP(Redesignated from an Executive Director on 8 March 2024) 202382BBS202331 Independent non-executive Directors Mr. Wong Kai Tung, Tony(Resigned on 2 August 2023)Mr. Wan Chi Keung, AaronBBS JPMr. Heng Victor Ja WeiMr. Wong King Wai Kirk(Appointed on 1 March 2023) AUDIT COMMITTEE Mr. Heng Victor Ja Wei(Chairman)Mr. Wong Kai Tung, Tony(Resigned on 2 August 2023)Mr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk(Appointed on 1 March 2023) 202382BBS202331 REMUNERATION COMMITTEE 202382BBS202331 Mr. Heng Victor Ja Wei(Chairman)Mr. Wong Kai Tung, Tony(Resigned on 2 August 2023)Mr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk(Appointed on 1 March 2023) NOMINATION COMMITTEE 202382BBS202331 Ms. Wai Siu Kee(Chairman)Mr. Heng Victor Ja WeiMr. Wong Kai Tung, Tony(Resigned on 2 August 2023)Mr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk(Appointed on 1 March 2023) COMPANY SECRETARY Mr. Ho Chun Ho Jason AUTHORISED REPRESENTATIVES Ms. Wai Siu KeeMr. Ho Chun Ho Jason REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 16935B Unit B, 35/FLee & Man Commercial Center169 Electric RoadNorth Point, Hong Kong PRINCIPAL BANKERS In Hong Kong: Hang Seng Bank LimitedUnited Overseas Bank Limited, Hong Kong BranchBank of China (Hong Kong) Limited In the PRC: Bank of China LimitedChina Construction Bank CorporationIndustrial and Commercial Bank of China LimitedHSBC Bank (China) Company LimitedMizuho Bank (China), Ltd. AUDITORS Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong WEBSITE www.leemanchemical.com www.leemanchemical.com 主席報告 BUSINESS REVIEW For the year ended 31 December 2023, the Group recorded totalrevenue of HK$4,051 million, down 31.0% year-on-year, and profit forthe year was HK$401 million, a 65.3% plunge year-on-year. Gross profitmargin of the chemical operations was 26.0%, 13.1 percentage pointsless when compared with 2022, and the Group’s net profit margin was9.9%, down by 9.8 percentage points year-on-year. 202312 3140.5131.0%4.0165.3%13.126.0%9.89.9% 47287,000 Regarding the Group’sChemical operations, overall sentiment of themanufacturing industry in China remained weak, with prices of industrialraw materials, such as bulk chemical products, lingering on low. Theserious fluctuation in the prices of lithium-ion battery raw materialsalso caused downstream enterprisers to actively adjust their productionplans, leading to a significant drop in the selling prices of lithium-ionbattery additives this year against the last corresponding period. With theinventory of raw materials purchased earlier gradually digested and at theGroup strengthening cost control measures during the year, gross profitof the business rebounded from the first half of the year. As forPropertyoperations, the Group sold another 47 residential units atRIVERDALEduring the year, leaving only 28 held for sale units, and more than 80%of the commercial space were leased out, with the main drive comingfrom theRIVERDALE Shangjia Residencestalent apartments. Propertyoperations recorded revenue of approximately HK$70 million for theperiod. PROSPECTS 2024(Automated Production Control) 2024 will be a year testing to the operational resilience of enterprises.Consumption and manufacturing market sentiment will continue tobe weak, and high interest rate will eat into the profits of enterprisesand dampen their desire to invest. Facing an operating environmentridden with challenges, the Group will continue to promote AutomatedProduction Control in all three of its plants and improve productionefficie