环龙控股年报2023

(Incorporated in the Cayman Islands with limited liability) Stock Code: 2260 ANNUALREPORT2023 CONTENTS 25101939456875 76787981166167168 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Ms. Shen Genlian (Chairperson)Mr. Zhou Jun (Chief executive officer)Mr. Xie ZongguoMs. Yuan Aomei Independent Non-Executive Directors Mr. Ip Wang HoiMr. Zhang ShenjinMr. Wang Yunchen BOARD COMMITTEES Audit Committee Mr. Wang Yunchen (Chairman)Mr. Zhang ShenjinMr. Ip Wang Hoi Remuneration Committee Mr. Ip Wang Hoi (Chairman)Mr. Zhou JunMr. Zhang Shenjin Nomination Committee Ms. Shen Genlian (Chairperson)Mr. Ip Wang HoiMr. Wang Yunchen AUTHORISED REPRESENTATIVES Ms. Shen GenlianMs. Mak Po Man Cherie COMPANY SECRETARY Ms. Mak Po Man Cherie CORPORATE INFORMATION REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTER 519 No. 519, Section 2, Xinhua AvenueChengdu Strait Science and TechnologyIndustry Development ParkWenjiang District, ChengduSichuan Province, PRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th Floor, Dah Sing Financial Centre248 Queen’s Road East, WanchaiHong Kong PRINCIPAL BANKERS Industrial Bank Co., Ltd.Hong Kong BranchIndustrial Bank Co., Ltd.Chengdu BranchIndustrial Bank Co., Ltd.Shanghai Branch Waigaoqiao Sub-BranchChengdu Rural Commercial Bank Co., Ltd.Wenjiang Yongsheng BranchHua Xia Bank Co., Ltd. Chengdu Branch AUDITOR Grant Thornton Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISER AS TO HONG KONG LAWS Loong & Yeung COMPLIANCE ADVISER CMBC International Capital Limited CORPORATE INFORMATION PRINCIPAL SHARE REGISTR AR ANDTR ANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG BR ANCH SHARE REGISTR ARAND TR ANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong STOCK CODE 2260 2260 WEBSITE www.vanov.cnwww.vanov.cn CHAIRPERSON'S STATEMENT Dear Shareholders, 20232023(GDP)1265.2%2022121 Under the 14th Five-Year Plan of the PRC, significant effortwasput into transforming and improving traditional industries,optimizing industrial layouts and structural adjustments, increasingsupplyof qualit y products from light and tex tile industr y,acceleratingthe transformation and improvement process ofcompanies in key industries like chemical and papermaking andrefining the green manufacturing system. In 2023, facing complexandchanging international landscape and global economicslowdown, China’s economy achieved sustained growth despitethe various headwinds. According to the data from the NationalBureauof Statistics of China,China’s gross domestic product(GDP)grew by 5.2%year-on-year to RMB126 trillion in 2023,reaching a new level exceeding RMB121 trillion in 2022, with topgrowth rate among major economies in the world. 14,405.56.6%2023202323,737.09.0%5,368.31.3% During the reporting period, the production volume of paperand paperboard amounted to 144.055 million tonnes, representinga year-on-year increase of 6.6%. In 2023, under the continuouslyimproving industry situation, the Group strengthened its corporatecore,insisted on technological innovation as the lifeline ofcorporatesurvival and development,and achieved growth inbothrevenue and net profit.In 2023,revenue amounted toapproximatelyRMB237.37 million,representing a year-on-yeari n c r e a s eo f 9.0%;n e t p r o f i t a m o u n t e d t o a p p r ox i m a t e l yRMB53.683 million, representing a year-on-year increase of 1.3%. 97 C o n t i n u o u st e c h n o l o g i c a l i n n o v a t i o n i s t h e k e y t odevelopment.The Group has always prioritized technologicalinnovationwhile improving its R&D and core technologicalcapabilities.Currently,the Group owns 97 inventions,utilitymodels and design patents. Sichuan Huanlong Technology FabricCo.,Ltd.*()and Shanghai JinxiongPaper Making Net Carpet Co., Ltd.* (),both subsidiaries of the Group, are recognized as national Highand New Tech Enterprise. Sichuan Huanlong Technology FabricCo.,Ltd.was recognized as a Sichuan Specialized and NewEnterprise,Sichuan Service-oriented Manufacturing EnterpriseandSichuan Green Factor y and awarded the“ContributionAward for Product Development” by China National Textile andApparelCouncil.Shanghai Jinxiong Paper Making Net CarpetCo., Ltd, a subsidiary of the Company and a sci-tech SME, wasrecognized as a Shanghai Specialized and New Enterprise andawardedthe“Top 100 Shanghai Hi-tech Achievement TransferProject Award”. The Group insists on actively exploring the roadof green development. The Group completed the carbon footprintevaluationof paperma