CGII HLDGS2023年报

2023ANNUALR E P O R T年報 CONTENTS目錄 2 Definitions5 Chairman’s Statement8 5Five Year Financial Summary11 Management Discussion and Analysis12 Biographical Details of Directors and Senior Management29 Corporate Governance Report43 Directors’ Report71 Independent Auditor’s Report117 Consolidated Statement of Comprehensive Income127 Consolidated Statement of Financial Position128 Consolidated Statement of Changes in Equity130 Consolidated Statement of Cash Flows131 Notes to the Consolidated Financial Statements133 Corporate Information BOARD OF DIRECTORS Executive DirectorsMr. Yao Li(Chairman)Ms. Gao Guimin Non-executive Directors Mr. Zhang WenliMr. Lai YuiMs. Ng Shuk Ming Independent Non-executive Directors Mr. Siu Chi HungMr. Xiao Huan WeiMs. Li Chun Elsy COMPANY SECRETARYMr. Hon Ming Sang AUTHORISED REPRESENTATIVES Mr. Yao LiMr. Hon Ming Sang AUDIT COMMITTEE Mr. Siu Chi Hung(Chairman)Mr. Zhang WenliMr. Xiao Huan Wei REMUNERATION COMMITTEE Mr. Xiao Huan Wei(Chairman)Ms. Gao GuiminMr. Siu Chi Hung NOMINATION COMMITTEE Mr. Yao Li(Chairman)Mr. Xiao Huan WeiMr. Siu Chi HungMs. Li Chun Elsy Corporate Information AUDITOR 11125 BDO LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor25th Floor, Wing On Centre111 Connaught Road CentralHong Kong PRINCIPAL PLACE OF BUSINESS AND HEADOFFICE IN THE PEOPLE’S REPUBLIC OF CHINA 12 Laoting Economic Development ZoneNo. 12 Yantai RoadHebei ProvinceThe People’s Republic of China REGISTERED OFFICE INTHE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESSIN HONG KONG 9272704A Unit 2704A, 27th FloorNine Queen’s Road Central9 Queen’s Road CentralHong Kong PRINCIPAL BANKERS China Construction BankIndustrial and Commercial Bank of ChinaBank of ChinaBank of Communications Corporate Information COMPLIANCE ADVISER 21 Altus Capital Limited21 Wing Wo StreetCentralHong Kong HONG KONG LEGAL ADVISER 21332 MinterEllison LLPLevel 32Wu Chung House213 Queen’s Road EastHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1940 STOCK CODEStock Code: 1940 www.cgiihldgs.com WEBSITEwww.cgiihldgs.com Unless otherwise stated in the context, the following terms shall have thefollowing meanings in this report: Definitions Tangshan Iron and Steel Group Co., Ltd.* liquefied natural gas, which is natural gas (predominantly methane) that has beencooled down to liquid form Luanxian Tangsteel Gases Co., Ltd.* C3the Model Code for Securities Transactions by Directors of Listed Issuers set outin Appendix C3 to the Listing Rules Normal cubic metre per hour the People’s Republic of China “PRC” or “China” “Prospectus” 202012 16the prospectus of the Company dated 16 December 2020 2023“Reporting Period” or“2023” or “Year” “Zhongqi Investment(Tangshan)” **For identification purposes only Chairman’s Statement Dear Shareholders, On behalf of the Board of the Company. I am pleased to present theannual report of the Group for the Reporting Period. ANNUAL RESULTS 20231,491.15202212 311,481.640.64%2023332.10202212 312.85%20232023128.082022112.74202212 3113.61% The total revenue of the Group in 2023 was approximately RMB1,491.15million representing a slight increase of approximately 0.64% as comparedto approximately RMB1,481.64 million in the year ended 31 December2022. Gross profit which amounted to approximately RMB332.10 million in2023 decreased marginally by approximately 2.85% as compared to theyear ended 31 December 2022, which was mainly due to the decreasein selling price of lean krypton xenon liquid oxygen in 2023. The profit forthe year attributable to owners of the Company in 2023 was approximatelyRMB128.08million(profit for the year attributable to owners of theCompanywas approximately RMB112.74 million in 2022),representingan increase of approximately 13.61% as compared to the year ended 31December 2022. REVIEW 202360,000Nm3/hr40,000Nm3/hr60,000Nm3/hr In 2023, one set of 60,000Nm3/hr and two sets of 40,000Nm3/hr ASUsofthe Group’s TTG New District Plant(formerly Zhongqi Investment(Tangshan)Plant)were in smooth operation while the second set of60,000Nm3/hr oxygen generating plant had commenced construction.The Group’s production capacity and technical capability of its equipmenthavebeen substantially enhanced.The TTG New District Plant wasable to capitalised on its competitive advantages in terms of equipment,technology and talents, success