维港环保科技2023年年报

(Incorporated in the Cayman Islands with limited liability)Stock Code: 1845 2023ANNUAL REPORT CONTENTS COMPANY PROFILE2CORPORATE INFORMATION3FINANCIAL SUMMARY6CHAIRMAN’S STATEMENT7MANAGEMENT DISCUSSION AND ANALYSIS8DIRECTORS AND SENIOR MANAGEMENT26CORPORATE GOVERNANCE REPORT33ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT51DIRECTORS’ REPORT102INDEPENDENT AUDITOR’S REPORT119FINANCIAL STATEMENTS AND NOTES TO THE FINANCIALSTATEMENTS130FINANCIAL SUMMARY261GLOSSARY262 COMPANY PROFILE 維 港 環 保 科 技 控 股 集 團 有 限公司（20231231431,043,50013310,000 WeigangEnvironmental Technology Holding Group Limited(the“Company”)together with its subsidiaries(the“Group”)are theleadingcomprehensive hazardous waste incineration turnkeysolution provider in China. As at 31 December 2023, the Group hascompleted 43 hazardous waste incineration projects with aggregatedesigned disposal capacity of 1,043,500 tonnes per annum, and13 ongoing hazardous waste incineration projects with aggregatedesigned disposal capacity of 310,000 tonnes per annum. The shares of the Company had been listed on the Main Board ofStock Exchange on 3 January 2019. 201913 Leveragingits experience and expertise in hazardous wasteincineration, the Group has expanded its offerings to other areasof solid waste treatment, such as thermal desorption of oil sludge,pyrolysistreatment of solid waste and cement plant parallel kilncotreatment. TheGroup will continue to focus on the technology innovationtomaintain its advanced technology and strong R&D capability.Tocapture the opportunities brought by the policies for thedevelopment of the environmental protection industry and the hugedemand of industrial enterprise to comply with increasingly tighterenvironmentalprotection policies,the Group will leverage on itstechnologyadvantage to expanding its business into more andmore new areas, and devote itself to become a leading solid wastetreatment solutions provider in China. CORPORATE INFORMATION DIRECTORS AND SENIOR MANAGEMENT DIRECTORS Executive Directors 20242 1 Mr. Cai Zhuhua(Chairman)Mr. ZHANG Weiyang(resigned on 1 February 2024)Mr. Dong HonghuiMr. Li Kaiyan(Chief Executive Officer)Mr. Gu Chunbin Independent Non-executive Directors Mr. Yang ZhifengMr. Xiao HuiMs. Xiao Jingui AUDIT COMMITTEE Ms. Xiao Jingui(Chairman)Mr. Yang ZhifengMr. Xiao Hui REMUNERATION COMMITTEE Mr. Xiao Hui(Chairman)Mr. Dong HonghuiMs. Xiao Jingui NOMINATION COMMITTEE Mr. Cai Zhuhua(Chairman)Mr. Xiao HuiMs. Xiao Jingui COMPANY SECRETARIES Mr. Gu Chunbin CORPORATE INFORMATION AUTHORISED REPRESENTATIVES Mr. Cai ZhuhuaMr. Gu Chunbin AUDITORS AND REPORTING ACCOUNTANTS 7288 Baker Tilly Hong Kong LimitedCertified Public AccountantsLevel 8, K11 ATELIER King’s Road728 King’s RoadQuarry BayHong Kong REGISTERED OFFICE 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 181A414-15 14–15/F, Block A4No. 181 Science Boulevard Guangzhou,Guangdong ProvinceChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG 183393904 Unit 3904, 39/F, AIA Tower183 Electric RoadNorth PointHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDS Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong WEIGANG ENVIRONMENTAL TECHNOLOGY HOLDING GROUP LIMITED維 港 環 保 科 技 控 股 集 團 有 限 公 司 CORPORATE INFORMATION PRINCIPAL BANK 803 Bank of GuangzhouScience City Branch3/F, Science and TechnologyInnovation Base Complex80 Lanyue RoadScience City, GuangzhouGuangdong ProvinceChina 31 China Merchants BankHong Kong Branch31/F, Three Exchange Square8 Connaught Place, CentralHong Kong STOCK CODE 1845 1845 http://www.gzweigang.com/ COMPANY’S WEBSITE http://www.gzweigang.com/ DATE OF LISTING 201913 3 January 2019 FINANCIAL SUMMARY 20231231253.52022123127.4% Forthe year ended 31 December 2023,revenue of the Groupamounted to RMB253.5 million, representing a decrease of 27.4%compared with the year ended 31 December 2022. For the year ended 31 December 2023, gross profit of the Groupamounted to RMB60.7 million (2022: RMB64.2 million) and grossprofit margin of the Group was 24.0% (2022: 18.4%), representinga decrease of 5.4% and an increase of 5.6 percentage points ascompared with the year ended 31 December 2022, respectively. 2023123160.7202264.224.0%202218.4%202212315.4%5.6 2022123178.022.4%202312311.30.5% For the year ended 31 December 2023, the Group recorded a netloss of RMB1.3 million, with a net loss margin of 0.5%, comparedwith a net loss of RMB78.0 million, with a net loss margin of 22.4%for the year ended 31 December 2022. Forthe year ended 31 December 2023,profit attributable toowners of the Comp