北方矿业年报2023

2023Annual Report Contents目錄 Corporate Information2Management Discussion and Analysis4Biographical Details of Directors16Report of the Directors19Corporate Governance Report31Independent Auditor’s Report43Consolidated Statement of Profit or Loss andOther Comprehensive Income50Consolidated Statement of Financial Position52Consolidated Statement of Changes in Equity54Consolidated Statement of Cash Flows55Notes to Consolidated Financial Statements57Summary of Financial Information167 Corporate Information DIRECTORS Executive Directors Yang Ying Min(Chairman and Chief Executive Officer)Qian Yi Dong(Deputy Chairman)Huang Zhidan(appointed with effect from 29 November 2023) Independent Non-executive Directors Shek Man Ho (appointed with effect from 29 September 2023)Shen Ming Jie (appointed with effect from 29 September 2023)Feng Jia Wei (appointed with effect from 29 September 2023) COMPANY SECRETARYHo Wing Yan AUTHORISED REPRESENTATIVE Yang Ying Min AUDIT COMMITTEE Shek Man Ho(Chairman)(appointed with effect from 29 September 2023)Shen Ming Jie (appointed with effect from 29 September 2023)Feng Jia Wei (appointed with effect from 29 September 2023) REMUNERATION COMMITTEE Shen Ming Jie(Chairman)(appointed with effect from 29 September 2023)Feng Jia Wei (appointed with effect from 29 September 2023)Qian Yi Dong AUDITORS Elite Partners CPA LimitedCertified Public Accountants Corporate Information REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPALPLACE OF BUSINESS 6202004–05 Room 2004–05, 20/FKwan Chart Tower6 Tonnochy RoadWan ChaiHong Kong PRINCIPAL SHARE REGISTRAR MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Tengis Limited17th FloorFar East Finance CentreNo. 16 Harcourt RoadHong Kong 433 SHARE INFORMATION Stock code: 433(The Stock Exchange of Hong Kong Limited) www.northmining.com.hk WEBSITEwww.northmining.com.hk Management Discussion and Analysis OVERALL FINANCIAL PERFORMANCE 1,533,714,0001,295,666,00018.37% During the year ended 31 December 2023, the Group recorded arevenue of approximately HK$1,533,714,000, representing an increaseof approximately 18.37% as compared with last corresponding year ofapproximately HK$1,295,666,000. The revenue was mainly attributeto the Group’s chemical trading operation, as there was no operationperformed and no revenue generated from mining operation during theyear. 1,632,535,000162,643,0009(i)51,560,00031,610,000149,00013,400,000(ii)13.4 For the year ended 31 December 2023, the Group recorded aloss attributable to owners of the Company of approximatelyHK$1,632,535,000 (2022: loss of approximately HK$162,643,000),representing an increase in loss of approximately 9 times as comparedwith last corresponding year. The increase in loss was mainly due to (i)the impairment loss on mining rights, property, plant and equipment,right-of-use assets and goodwill of approximately HK$51.56 million,HK$31.61 million, HK$149,000 and HK$13.40 million respectively; and (ii)recognised a loss on debt restructuring of approximately HK$1.34 billion. BUSINESS REVIEW (i)—(ii)— The principal profit generation activities of the Group are: (i) mining operations— exploitation and exploration of mineral resources; and (ii) chemical tradingoperations— manufacturing and sale of chemical products. An analysis ofeach of these business segments is presented below: — Mining Operations — Exploitation and Exploration ofMineral Resources Molybdenum Mine 45%–50% The Group’s mining operation mainly includes the exploitation, explorationand production of molybdenum concentrate in the PRC. Our molybdenumconcentrate was produced by the molybdenum mine operated byShaanxi Province Luo Nan Xian Jiu Long Kuang Ye Company Limited(“Jiu Long Kuang Ye”), a non-wholly owned subsidiary of the Group. Thegrading of molybdenum concentrate produced by our molybdenum minewas approximately 45%–50%. Management Discussion and Analysis The mining licence has been successfully renewed and the renewedlicence, which is valid up to 22 February 2034, has been granted by theMinistry of Natural Resources of the PRC and issued to the Company on10 February 2023. The mining licence is the major licence required for theGroup to conduct its mining activities of its molybdenum mine. The management of the Group will continue to work closely with thegovernment authorities to complete the grant of other ancillary licences forthe mine (i.e., Safety Production Licence). The Group cooperates closelywith the Shaanxi Provincial Emergency Management Department of PRC,follows the policies and guidance of relevant government departments,and completes the construction requirements of the governmentdepartm