中能控股2023 年报

ANNUAL REPORT2023年報 China Energy Development Holdings LimitedAnnual Report2023 CONTENTS 2Corporate Information 4CEO’s Statement and ManagementDiscussion and Analysis 21Biographical Details of Directors and Senior Management 23Corporate Governance Report 45Report of the Directors 60Independent Auditor’s Report 65Consolidated Statement of Profit or Lossand Other Comprehensive Income 67Consolidated Statement of FinancialPosition 69Consolidated Statement of Changes inEquity 70Consolidated Statement of Cash Flows 72Notes to the Consolidated FinancialStatements 152Five-Year Financial Summary Corporate Information Board of Directors Executive DirectorMr. Zhao Guoqiang(Chief Executive Officer) Non-executive DirectorDr. Gu Quan Rong (Retired on 9 June 2023) Independent Non-executive DirectorsMr. Zhang ZhenmingMr. Cheng Chun YingMr. Lee Man Tai Audit Committee Mr. Lee Man Tai(Chairman)Dr. Gu Quan Rong (Retired on 9 June 2023)Mr. Zhang ZhenmingMr. Cheng Chun Ying Nomination Committee Mr. Cheng Chun Ying(Chairman)Dr. Gu Quan Rong (Retired on 9 June 2023)Mr. Zhang ZhenmingMr. Lee Man Tai Remuneration Committee Mr. Cheng Chun Ying(Chairman)Dr. Gu Quan Rong (Retired on 9 June 2023)Mr. Zhang ZhenmingMr. Lee Man Tai FCPA (HK) Company Secretary Mr. Siu Kai Chun FCPA(HK) Authorised Representatives FCPA (HK) Mr. Zhao GuoqiangMr. Siu Kai Chun FCPA(HK) http://www.cnenergy.com.hk Company’s Website http://www.cnenergy.com.hk Investor Relations Contact compsec@cnenergy.com.hk Email address: compsec@cnenergy.com.hk Registered Office Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Head Office and Principal Place of Business 88Plaza 88J Office J, 29/F, Plaza 88No. 88 Yeung Uk Road, Tsuen WanNew Territories, Hong Kong Principal Share Registrar and Transfer Office Suntera (Cayman) Limited(Formerly known as SMP Partners (Cayman) Limited)Suite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman KY1-1100Cayman Islands Suntera (Cayman) LimitedSMP Partners (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman KY1-1100Cayman Islands Hong Kong Branch Share Registrar andTransfer Office 1617 Tricor Tengis Limited17/F Far East Finance Centre16 Harcourt RoadHong Kong Legal Advisers to the Company Lawrence Chan & Co. (as to Hong Kong law)Conyers Dill & Pearman (as to Cayman Islands law) Auditor ZHONGHUI ANDA CPA Limited Principal Bankers Bank of Communication (Hong Kong) LimitedDBS Bank (HK) Limited CEO’s Statement and Management Discussion and Analysis On behalf of the board of directors (the “Board”), I hereby presentthe results of China Energy Development Holdings Limited (the“Company”) and its subsidiaries (collectively the “Group”) for theyear ended 31 December 2023. Operating Results 332,034,000323,028,000332,034,000323,028,000 During the year, the Group recorded a revenue in the amount ofapproximately HK$332,034,000 (2022: HK$323,028,000). TheGroup’s revenue was principally derived from the exploration,production and distribution of natural gas segment of approximatelyHK$332,034,000 (2022: HK$323,028,000). During the year, neitherthe money lending business segment nor the sales of food andbeverages segment contributed any revenue to the Group (2022:both Nil). The Group seized the opportunity of domestic macroeconomicrecovery and demand recovery in the domestic gas market especiallyin the second half of 2023 as well as steady gas production in theperiod which override the negative factors including slow economicrecovery, lower market demand and unsteady gas production formaintenance of gas processing facilities of Kashi project in the firsthalf of 2023. 9,006,0002.8%332,034,000 The Group’s revenue increased by approximately HK$9,006,000or 2.8% year-on-year to approximately HK$332,034,000 for theyear ended 31 December 2023 which was due to above favourableexternal factors especially in the second half of 2023, higher marketdemand for cooler winter season in the second half of 2023 ascompared with the same period of 2022 and improved gas productionsituation of Kashi project. (“EBITDA”)216,958,000219,443,0002,485,0001.1%9,006,0002.8% Earnings before interest, tax, depreciation and amortisation(“EBITDA”) increased from approximately HK$216,958,000 for theyear ended 31 December 2022 to approximately HK$219,443,000 forthe year ended 31 December 2023 by approximately HK$2,485,000or 1.1% which was in line with the increase in revenue byapproximately HK$9,006,000 or 2.8% year-on-year. CEO’s Statement and Management Discussion and Analysis 2,686,0001,803,00010,340,0003,330,000CGUCGU938,000 Reversal of impairment of property, plant and equipment ofapproximately HK$2,686,000 for the year ended 31 December 2022turned around to provision of impairment of property, plant andequipment of approxima