长城微光二零二三年年报

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONGLIMITED (THE “STOCK EXCHANGE”)G E M GEM GEMhas been positioned as a market designed toaccommodate small and mid-sized companies to whicha higher investment risk may be attached than othercompanieslisted on the Stock Exchange.Prospectiveinvestorsshould be aware of the potential risksofinvesting in such companies and should makethedecision to invest only after due and carefulconsideration. GEMGEMGEM Given that the companies listed on GEM are generallysmalland mid-sized companies,there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be aliquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,make no representation as to its accuracy or completenessand expressly disclaim any liability whatsoever for any losshowsoever arising from or in reliance upon the whole or anypart of the contents of this report. GEM This report, for which the directors of Shanxi ChangchengMicrolight Equipment Co. Ltd. (the “Company”) collectivelyand individually accept full responsibility, includes particularsgiven in compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange for the purpose ofgiving information with regard to the Company. The directorsof the Company, having made all reasonable enquiries, confirmthat to the best of their knowledge and belief the informationcontainedin this report is accurate and complete in allmaterial respects and not misleading or deceptive, and thereare no other matters the omission of which would make anystatement herein or this report misleading. Contents Contents2Corporate Information3Chairman’s Statement5Management Discussion and Analysis6Biographical Details of Directors, Supervisors and SeniorManagement14Report of the Directors19Corporate Governance Report29Environmental, Social and Governance Report40Independent Auditors’ Report60Consolidated Statement of Profit or Loss and OtherComprehensive Income64Consolidated Statement of Financial Position65Consolidated Statement of Changes in Equity67Consolidated Statement of Cash Flows68Notes to the Consolidated Financial Statements70Five-Year Financial Summary146 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Song Zhenglai(Vice-Chairman)Mr. Jiao BaoguoMs. Wang Lingling Non-executive DirectorsMr. Wu Bo(Chairman)Mr. Yuan Guoliang Independent Non-executive Directors Mr. Xu YongfengMr. Wang WeizhongMr. Rong Fei Audit Committee Mr. Xu Yongfeng(Chairman)Mr. Rong FeiMr. Yuan Guoliang Remuneration Committee Mr. Rong Fei(Chairman)Mr. Xu YongfengMr. Yuan Guoliang Nomination Committee Mr. Wu Bo(Chairman)Mr. Xu YongfengMr. Wang Weizhong Supervisors Ms. Han Xiaoou(Chairman)Mr. Dong YonghongMr. Song Zhenbao Compliance OfficerMr. Song Zhenglai Corporate Information Authorised Representatives Mr. Song ZhenglaiMs. Fong Yip Ha Angela Company SecretaryMs. Fong Yip Ha Angela Auditors 38223 ZHONGHUI ANDA CPA Limited23/F., Tower 2,Enterprise Square Five,38 Wang Chiu Road,Kowloon Bay, Kowloon,Hong Kong 1617 Hong Kong Share Registrar and Transfer Office Tricor Standard Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong Head Office and Registered Office No. 7 Dianzi StreetDemonstration ZoneShanxi, The PRC Principal Place of Business in Hong Kong Unit 1510-17, 15/F.,Tower 2, Kowloon Commerce Centre,No. 51 Kwai Cheong Road,Kwai Chung, New Territories,Hong Kong 512151510-17 Principal Banker Bank of China LimitedIndustrial and Commercial Bank of China LimitedHuaxia Bank Limited 8286 Stock Code8286 Chairman’s Statement Iam honored to serve as the Chairman of the board ofdirectors (the “Board”) of the Company. TheBoard and the management team will strive tocomprehensively improve the Group’s operations, production,research & development and market development capabilitiesin order to enhance corporate value and financial performance.Despitethe difficult operating environment,the Group’sproduction and sales have increased significantly in 2023,thanks to the every effort made by the Board and managementof the Group to develop core businesses and improve efficiencyand productivity. The Group strives to reinforce its strength andadvantages and fully realize its potential to seek for the bestperformance. At the same time, the Board continues to reduceoperating costs and improve product quality, with a view torestoring profit growth. 2023 On behalf of the Board, I would like to express my sinceregratitudeto all employees for their contributions and toshareholders and investors for their support. Wu BoChairman Taiyuan City, Shanxi Province, the PRC30 April 2024 Management Discussion and Analysis Business Review Business of the Group Sincethe listing of the Company and its subsidiaries(together t