世纪阳光2024中期报告

CREATE ABETTER LIVING 目 錄Contents 2公司資料Corporate Information4財務概要Financial Highlights5管理層討論及分析Management Discussion and Analysis19未經審核簡明綜合損益表Unaudited Condensed ConsolidatedStatement of Profit or Loss20未經審核簡明綜合全面收益表Unaudited Condensed ConsolidatedStatement of Comprehensive Income21未經審核簡明綜合財務狀況表Unaudited Condensed ConsolidatedStatement of Financial Position23未經審核簡明綜合權益變動表Unaudited Condensed ConsolidatedStatement of Changes in Equity24未經審核簡明綜合現金流量表Unaudited Condensed ConsolidatedStatement of Cash Flows25未經審核簡明綜合中期財務報表附註Notes to the Unaudited CondensedConsolidated Interim Financial Statements47其他資料Other Information Corporate Information BOARD OF DIRECTORS Executive DirectorsChi Wen Fu(Chairman)Chi Jing Chao Independent Non-executive DirectorsCheung Sound PoonSheng HongShen Yi Min Company SecretaryLuk Sai Wai, Simon COMMITTEES Audit CommitteeCheung Sound Poon(Committee Chairman)Sheng HongShen Yi Min Nomination Committee Chi Wen Fu(Committee Chairman)Cheung Sound PoonSheng HongShen Yi Min Remuneration Committee Cheung Sound Poon(Committee Chairman)Chi Jing ChaoSheng HongShen Yi Min HEAD OFFICE 516(852) 2802 2165(852) 2802 2697ir@centurysunshine.com.hkwww.centurysunshine.com.hk 16th Floor, Tower 5, The GatewayHarbour CityTsim Sha TsuiKowloonHong KongTelephone: (852) 2802 2165Fax: (852) 2802 2697E-mail: ir@centurysunshine.com.hkWebsite: www.centurysunshine.com.hk LISTING INFORMATION 00509 Listing:Main Board of The StockExchange of Hong Kong LimitedStock code:00509 SHARE INFORMATION Company’s shares ofHK$0.02 each (the“Shares”) in issue(30 June 2024):4,581,116,843 SharesMarket capitalisation(30 June 2024):HK$45,811,168Board lot size:5,000 Shares 0.0220246 304,581,116,84320246 3045,811,168 5,000 SHARE REGISTRAR AND TRANSFEROFFICES Principal: Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman KY1-1110Cayman Islands Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman KY1-1110Cayman Islands Hong Kong: Tricor Investor Services Limited17 Floor, Far East Finance Centre16 Harcourt RoadHong Kong 1617 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 管理層討論及分析Management Discussion and Analysis INDUSTRY REVIEW 1.4200014.53%20.47% As is well known, compound fertilisers are the secondaryprocessingproducts of single-element fertilisers,whichm e a n st h a t c o m p o u n d f e r t i l i s e r c o m p a n i e s p r o d u c especial-purpose fertilisers according to scientific formulas byfurther processing single-element fertilisers such as nitrogen,phosphorus, and potassium. Therefore, the production costof compound fertilisers is highly dependent on the pricesof raw materials. In recent years, affected by the soaringandplummeting prices of raw materials such as urea,monoammonium phosphate, and potassium chloride, somesmalland medium-sized compound fertiliser companiesthat are completely dependent on market procurement ofraw materials have suffered significant shocks in terms ofproduction, sales, and profits, and have had to bear therisk of severe cost fluctuations. China’s compound fertiliserindustry has an annual production capacity of about 140million tonnes, with an annual output of 50-60 million tonnes,and a sales price of more than RMB2,000 per tonne, witha market size reaching hundreds of billions. Currently, themarket share of the top three companies in the compoundfertiliser industry has increased from 14.53% to 20.47%,hence the leading companies occupy a market size of overRMB100 billion. In summary, the compound fertiliser industryis a big-in and big-out industry that requires a strong financialbackground and ample working capital. 管理層討論及分析 Management Discussion and Analysis BUSINESS REVIEW 2024630136,284,0002023122,351,00011.4%16.0%202327.8%136,531,0002023274,414,000 For the six months ended 30 June 2024 (the “Period”),theGroup’s overall revenue reached HK$136,284,000(2023: HK$122,351,000), representing a period-on-periodincrease of approximately 11.4%. The overall gross lossmargin was 16.0% (2023: 27.8%), and the loss after tax wasHK$136,531,000 (2023: HK$274,414,000). 20243 51.061.5520248 1320248 30 Althoughthe Group’s offshore debt restructuring wassuccessfully completed and became effective last year, itwill take some time for the overall operational and financingcapabilities of the Group to recover. Moreover, several bankloans of the Group’s fertiliser companies in mainland Chinaare involved in mutual guarantees among such onshore,subsidiaries of the Group. Some bank loan disputes haveentered the stage of judicial enforcement, which has greatlyconstrained the planning of the Group’s operating funds.On 5 March 2024, Jiangxi Company was sold for a totalof approximately RMB106 million under the auspices ofthe court. The proceeds from the auction were used torepay the Jiangxi Comp