中国管业2023年报

2023ANNUAL REPORT年 報 Contents目錄 2Corporate Information5Chairman’s Statement8Mission and Strategy9Management Discussion and Analysis13Biographical Details of Directors and Senior Management19Corporate Governance Report39Environmental, Social and Governance Report94Report of the Directors113Independent Auditor’s Report121Consolidated Income Statement122Consolidated Statement of Comprehensive Income123Consolidated Statement of Financial Position125Consolidated Statement of Changes in Equity127Consolidated Statement of Cash Flows128Notes to the Consolidated Financial Statements216Five-Year Financial Summary Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Mr. Lai Fulin (Chairman)Mr. Yu Ben Ansheng (Chief Executive Officer) Independent Non-executive Directors Mr. Wong Yee Shuen, WilsonMr. Chen Wei WenMr. Guan ZhiqiangMr. Wang Chaolong AUDIT COMMITTEE Mr. Wong Yee Shuen, Wilson (Chairman)Mr. Chen Wei WenMr. Guan ZhiqiangMr. Wang Chaolong REMUNERATION COMMITTEE Mr. Guan Zhiqiang (Chairman)Mr. Lai FulinMr. Chen Wei WenMr. Wang Chaolong NOMINATION COMMITTEE Mr. Lai Fulin (Chairman)Mr. Chen Wei WenMr. Guan ZhiqiangMr. Wang Chaolong COMPANY SECRETARY Mr. Cheng Siu Kwan INDEPENDENT AUDITOR PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentral, Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedShanghai Commercial Bank LimitedDBS Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedBank SinoPac, Hong Kong BranchThe Bank of East Asia, LimitedDah Sing Bank, LimitedChong Hing Bank LimitedChiyu Banking Corporation LimitedHang Seng Bank LimitedBank of Communications (Hong Kong) Limited REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Unit 1010-1016, Level 10Tower II, Grand Century Place193 Prince Edward Road WestMongkok, KowloonHong KongTel: (852) 2728 7237Fax: (852) 2387 2999 19321010101016(852) 2728 7237(852) 2387 2999 Corporate Information公司資料 OTHER PLACES OF BUSINESSHONG KONG AND MACAU Retail shops G/F, 716 Shanghai StreetMongkok, KowloonHong KongTel: (852) 2395 0181Fax: (852) 2787 3421 716(852) 2395 0181(852) 2787 3421 G/F, 10 Tak Wah StreetTsuen Wan, New TerritoriesHong KongTel: (852) 2473 3660Fax: (852) 2442 2766 10(852) 2473 3660(852) 2442 2766 G/F, 102 Thomson RoadWanchai, Hong KongTel: (852) 2866 6001Fax: (852) 2866 6339 102(852) 2866 6001(852) 2866 6339 13(853) 2855 3693(853) 2895 1020 Rua Da Ribeira Do Patane No. 13, MacauTel: (853) 2855 3693Fax: (853) 2895 1020 Warehouse Sections M and N of Lot 3719 in DD104Yuen Long, New TerritoriesHong KongTel: (852) 2471 9048Fax: (852) 2482 1298 104 Lot 3719 MN(852) 2471 9048(852) 2482 1298 WEBSITE http://www.chinapipegroup.com http://www.chinapipegroup.com Dear Shareholders, I am pleased to present to our shareholders the annual report ofChina Pipe Group Limited (the “Company”) and its subsidiaries(collectively the “Group”) for the year ended 31 December 2023. FINANCIAL RESULTS 714,100,000636,500,00012.2%27.3%27.5%58,400,00049,200,00018.7%4.383.69 The Group’s revenue of about HK$714.1 million for the yearended 31 December 2023 (2022: HK$636.5 million), representingan increase of 12.2% as compared to last year. The grossprofit margin was approximately 27.3% for the year ended 31December 2023 (2022: 27.5%). The profit attributable to equityshareholders of the Company was HK$58.4 million for the yearunder review (2022: HK$49.2 million), representing an increase ofapproximately 18.7% over last year. Basic earnings per share wasHK4.38 cents (2022: HK3.69 cents). FINAL DIVIDEND The Board of Directors of the Company does not recommend afinal dividend for the year ended 31 December 2023 (2022: Nil). BUSINESS REVIEW 714,100,000636,500,00012.2%58,400,00049,200,00018.7% The Group has achieved a new high sales record during theyear under review. The Group recorded revenue amountedto approximately HK$714.1 million (2022: HK$636.5 million),representing an increase of 12.2% over last year. Thanks to theHong Kong government’s efforts to address the long-runninghousing shortage, our Group has been able to capitalize onthe opportunities presented by the government’s investmentin infrastructure and housing projects, and our sales havebenefited accordingly. As a result, we have witnessed