Vision 願景Strive to become the leading manufacturer of packaging products of integrated consumer goods in China致力成為中國綜合消費品包裝行業領導者 Financial Highlights財務摘要CPMC Holdings Limited 中糧包裝控股有限公司For the year ended 31 December截至12月31日止年度Variance20232022差異RMB’000RMB’000%人民幣千元人民幣千元 Revenue收入10,265,31010,255,2250.1Profit attributable to equity holders of the Company本公司股本持有人 應佔利潤474,760486,512(2.4) RMBRMB人民幣人民幣 Earnings per share每股盈利0.4260.437(2.5) 02,000,0001,000,0004,000,0003,000,0006,000,0005,000,0008,000,0007,000,00010,000,00011,000,0009,000,000201920202021202220232019202020212022202320192020202120222023201920202021202220237,287,2717,344,7479,566,38210,255,22510,265,3100100,00050,000200,000150,000300,000250,000400,000350,000450,000500,000486,512302,090389,388462,498474,7600200,000400,000600,000800,0001,400,0001,000,0001,200,0001,147,316887,7391,011,0171,071,8831,351,9910.000.100.050.200.150.300.250.350.400.4260.2590.3450.4150.437RMB’000RevenueRMB’000Prot attributable to equity holders of the CompanyRMB’000EBITDARMBEarnings per share人民幣千元收入人民幣千元本公司股本持有人應佔利潤人民幣千元稅息折舊及攤銷前盈利人民幣每股盈利 Contents目錄 Corporate Information2公司資料110 Chairman’s Letter4主席致函112 General Manager’s Report6總經理報告114 Management Discussion and Analysis8管理層論述及分析116 Corporate Governance Report18企業管治報告126 Environmental, Social and Governance Report36環境、社會及管治報告144 Directors and Senior Management Profile91董事及高級管理人員簡介199 Report of the Directors96董事會報告204 Independent Auditor’s Report218獨立核數師報告218 Audited Consolidated Financial Statements經審核綜合財務報表Consolidated:綜合：Statement of Profit or Loss228損益表228Statement of Comprehensive Income229全面收益表229Statement of Financial Position230財務狀況表230Statement of Changes in Equity232權益變動表232Statement of Cash Flows233現金流量表233 Notes to the Consolidated Financial Statements235綜合財務報表附註235 Five-Year Financial Summary338五年財務概要338 Corporate Information2CPMC Holdings LimitedFINANCIAL HIGHLIGHTSCONTENTSCORPORATE INFORMATIONCHAIRMAN’S LETTERGENERAL MANAGER’S REPORTREMUNERATION COMMITTEEMr. PUN Tit Shan (Committee Chairman)Mr. SHEN TaoMr. CHENG Yuk WoNOMINATION COMMITTEEMr. ZHANG Xin (Committee Chairman)Mr. CHENG Yuk Wo Mr. PUN Tit ShanRISK MANAGEMENT COMMITTEEMr. CHEN Jihua (Committee Chairman)Mr. MENG FanjieMr. ZHANG YeCOMPANY SECRETARYMr. YIM Ming Chung (CPA, ACG, ACS)AUDITORBaker Tilly Hong Kong Limited (Certified Public Accountants)DIRECTORSEXECUTIVE DIRECTORSMr. ZHANG Xin (Chairman)Mr. ZHANG Ye (General Manager)NON-EXECUTIVE DIRECTORSDr. ZHAO Wei Mr. MENG Fanjie Mr. ZHOU YuanMr. SHEN TaoINDEPENDENT NON-EXECUTIVE DIRECTORSMr. CHENG Yuk Wo Mr. PUN Tit Shan Mr. CHEN JihuaAUDIT COMMITTEEMr. CHENG Yuk Wo (Committee Chairman)Mr. ZHOU Yuan Mr. CHEN Jihua 3Annual Report 2023FINANCIAL HIGHLIGHTSCONTENTSCORPORATE INFORMATIONCHAIRMAN’S LETTERGENERAL MANAGER’S REPORTCorporate InformationHEAD OFFICENo. 160, Weiken StreetHangzhou Economic and Technical Development ZoneHangzhou, Zhejiang Province The PRCHONG KONG SHARE REGISTRARComputershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong KongCOMPANY WEBSITEwww.cofco-pack.comSTOCK CODEThe Stock Exchange of Hong Kong Limited: 00906 Bloomberg: 906:HKReuters: 0906.HKLEGAL ADVISORLoong & YeungPRINCIPAL BANKERSAgricultural Bank of China Limited Bank of Communications Co., Ltd. Bank of China LimitedBank of China (Hong Kong) Limited Coöperatieve Rabobank U.A.DBS Bank LimitedIndustrial and Commercial Bank of China Ltd. Mizuho Bank, Ltd.MUFG Bank, Ltd.China CITIC Bank Corporation LimitedREGISTERED OFFICE33rd Floor, COFCO Tower 262 Gloucester Road Causeway Bay, Hong Kong Chairman’s Letter4CPMC Holdings LimitedFINANCIAL HIGHLIGHTSCONTENTSCORPORATE INFORMATIONCHAIRMAN’S LETTERGENERAL MANAGER’S REPORTDear Shareholders,On behalf of the board (the “Board”) of directors (the “Directors”) of CPMC Holdings Limited (the “Company”), I am pleased to present the audited annual results of the Company and its subsidiaries (collectively, the “Group” or “CPMC”) for the year ended 31 December 2023 (the “Year”).Over the past three years, development of the world has been marked by the global pandemic, conflicts, inflation, and monetary contraction, all of which led to a volatile and unpredictable international situation. The overlapping of multiple factors has caused the consumer market to undergo repeated shocks, thereby undermining confidence of consumers. In 2023, as a return to normalcy gradually took shape, “stimulating consumption” emerged as a central theme for development. One after another, governments worldwide introduced policies to encourage consumption, rebuild confidence and inject vitality into the economy. Although the overall consumption recovery missed expectations in the Year, CPMC, with a focus on market-oriented, risk-prevented and high-quality development, was able to foster a new development mode that is of higher quality, more efficient and more competitive by acting on the