银建国际2023年报

(Incorporated in Hong Kong with limited liability)  CONTENTS 2 3 Corporate Information 5 Chairman’s Statement 42 51 54 126 130 267 268 FINANCIAL HIGHLIGHTS 1.202312 312,304,849,61120222,304,849,611202312 310.13820220.3252.3.4.5.6.7. 1.Based on 2,304,849,611 shares issued and fully paid as at 31December 2023 (2022: 2,304,849,611 shares) and the marketclosing price as at 31 December 2023 of HK$0.138 (2022:HK$0.325)per share.Net assets per share is calculatedas net assets attributable to owners of the Company overnumber of shares issued and fully paid.2.Calculated as loss for the year attributable to owners of theCompany over equity attributable to owners of the Company.3.Calculated as loss for the year attributable to owners of theCompany over total assets.4.Calculated as borrowings and convertible bonds issued by theCompany over equity attributable to owners of the Company.5.Calculatedas net borrowings(borrowings and convertiblebonds issued by the Company net of pledged bank depositsandcash and bank balances)over equity attributable toowners of the Company.6.Calculated as current assets over current liabilities.7.Calculated as loss for the year attributable to owners of theCompanybefore finance costs and taxation over financecosts. CORPORATE INFORMATION Board of Directors 202312 312023 Thecomposition of the board(“Board”)of directors(“Directors”)of Silver Grant International Holdings GroupLimited(“Company”,together with its subsidiaries,the“Group”) during the year ended 31 December 2023 (“Year2023”) and as at the date of this annual report is set outbelow: Executive Directors 202371202341 Chu Hing Tsung(Chairman and Co-Chief Executive Officer)Chen Yongcun(Co-Chief Executive Officer)Luo ZhihaiTang LunfeiWeng Jian(appointed with effect from 1 July 2023)Wang Ping(resigned with effect from 1 April 2023) Non-executive Director Chen Zhiwei Independent non-executive Directors Liang QingZhang LuHung Muk Ming Audit Committee Hung Muk Ming(Committee Chairman)Liang QingZhang Lu Remuneration Committee Zhang Lu(Committee Chairman)Liang QingLuo Zhihai Nomination Committee Chu Hing Tsung(Committee Chairman)Zhang LuHung Muk Ming Company Secretary Ng Hoi Leung, Leo CORPORATE INFORMATION Company Lawyers LCH Lawyers LLP Auditor Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor Principal Bankers Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) Limited Share Registrar and Transfer Office 16172980133328108185 Tricor Secretaries Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong(Tel: 29801333Fax: 28108185) Registered Office 14949012802360628029506 Suite 4901, 49th Floor,Office Tower, Convention Plaza,1 Harbour Road, Wanchai, Hong Kong(Tel: 28023606Fax: 28029506) Company Website http://www.silvergrant.com.cn http://www.silvergrant.com.cn Stock Code 171 171 CHAIRMAN’S STATEMENT BUSINESS REVIEW 2023947,409,000202212312022734,563,000202341.11202231.87 The Group has recorded a loss attributable to owners of theCompany of approximately HK$947,409,000 for Year 2023,as compared with that of approximately HK$734,563,000 forthe year ended 31 December 2022 (“Year 2022”). Basic lossper share (“Share”) of the Company was 41.11 HK cents forYear 2023 (Year 2022: 31.87 HK cents). 20232023 In2023,the global macro-environment was complexandvolatile as a result of the frequent extreme weatherconditions, the rapid developments in artificial intelligence,the continued regional conflicts and the volatility in the Sino-US relations, which all led to a faltering world economy.Theeconomy of the People’s Republic of China(“PRC”,“China” or “Mainland China”) also experienced a series ofchallenges, including insufficient effective domestic demand,difficulties in the real estate industry and pressure on foreigntrading. Nevertheless, China’s economy had still contributedsignificantly to global economic growth and remained one ofthe largest engines of global growth in 2023. CHAIRMAN’S STATEMENT BUSINESS REVIEW(Continued) 2023123202320232022 The Company’s joint venture,(Zhong Hai You Qi (Tai Zhou) Petrochemical CompanyLimited*) (“Zhong Hai You Qi”), which is principally engaged inthe crude oil processing business as well as the productionand sale of petrochemical products, has still successfullyachieved its production and operation goals for Year 2023,despite the challenging and complex issues in connectionwith its products, such as the volatile international crudeoil prices, the sharp decrease in the spread between thewholesale price and the retail price of domestic refined oilproducts, and the ongoing decline in the prices of chemicalproducts. During the year under review, Zhong Hai You Qistrictly implemented various modules of its production safetyand health, safety and environmental management systems.By adopting a diversified sales model that combines both thewholesale and retail markets, Zhong Hai You