久泰邦达能源中期报告 2024

CONTENTS CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors 2024312 Mr. YU Bangping(Chairman)Mr. YU Zhilong(Chief Executive Officer)Mr. WANG Shize(resigned on 12 March 2024)Mr. LI Xuezhong(Chief Operating Officer)Mr. LAU Kai Ming(Chief Financial Officer)Mr. YU Xiao Independent non-executive Directors Punnya Niraan DE SILVA202451202467 Mr. FONG Wai HoMr. Punnya Niraan DE SILVAMs. CHEUNG Suet Ting, SamanthaMr. WANG Xiufeng(resigned on 1 May 2024)Mr. SI Zeyu(appointed on 7 June 2024) Punnya Niraan DE SILVA AUDIT COMMITTEE Mr. FONG Wai Ho(Chairman)Mr. Punnya Niraan DE SILVAMs. CHEUNG Suet Ting, Samantha NOMINATION COMMITTEE Mr. YU Bangping(Chairman)Mr. FONG Wai HoMs. CHEUNG Suet Ting, Samantha Punnya Niraan DE SILVA REMUNERATION COMMITTEE Mr. FONG Wai Ho(Chairman)Mr. Punnya Niraan DE SILVAMr. LAU Kai Ming COMPANY SECRETARY Mr. CHAN Kwong Leung, Eric AUTHORIZED REPRESENTATIVES Mr. LAU Kai MingMr. CHAN Kwong Leung, Eric AUDITOR •8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F, One Pacific Place88 QueenswayHong Kong LEGAL ADVISERS 12206–19 As to Hong Kong Laws:Loeb & Loeb LLP2206-19 Jardine House1 Connaught Place, CentralHong Kong 126 As to People’s Republic of China Laws:Commerce & Finance Law Offices6/F, NCI TowerA12 Jianguomenwai AvenueChaoyang DistrictBeijingChina 9953 As to Cayman Islands Laws:Maples and Calder (Hong Kong) LLP53rd Floor, The Center99 Queen’s Road CentralHong Kong REGISTERED OFFICE P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands CORPORATE INFORMATION (Continued) PRINCIPAL PLACE OF BUSINESS Head Office in ChinaOffice building next to E’Lang Pu Leisure SquareHongguo Economic Development AreaLiupanshui City, Guizhou Province, China Hong Kong Office 892101003 Unit 1003, 10th FloorTower 2, Lippo Centre89 QueenswayHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket Square, Grand CaymanKY1-1102, Cayman Islands Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket Square, Grand CaymanKY1-1102, Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS Bank of China LimitedBank of Guiyang Co. Ltd.Bank of Communications Co., Limited, Hong Kong 2798 PLACE OF LISTING AND STOCK CODE Main Board of The Stock Exchange of Hong Kong Limited/2798 www.perennialenergy.hk COMPANY’S WEBSITEwww.perennialenergy.hk MANAGEMENT DISCUSSION AND ANALYSIS INDUSTRY REVIEW 202420246 30(GDP)61.75.0% In 2024, the global economy remains relatively sluggish, with weak growthmomentum influenced by various factors such as geopolitical conflicts,international trade frictions, and global climate issues. During the six monthsended 30 June 2024 (the “period under review”), data released by theNational Bureau of Statistics showed China’s gross domestic product (GDP)reached RMB 61.7 trillion, marking a steady growth of 5.0% compared tothe same period last year, which aligns with the World Bank’s projectionsfor developing economies. 202412.5%5(PMI)49.8% The development of China’s coal industry has been influenced by variousfactors during the period under review. On the one hand, the influx ofimported coal into the domestic market has exerted downward pressure oncoal prices overall. According to data from the General Administration ofCustoms, in the first half of 2024, China imported 12.5% more coal productscompared to the same period in the previous year. On the other hand, therecovery in the steel industry has bolstered demand for coking coal, a vitalraw material for steel production. Data released by the China Federation ofLogistics & Purchasing’s Steel Logistics Professional Committee shows thatthe Purchasing Managers’ Index (PMI) for the steel industry was 49.8% inMay, marking a noticeable consecutive two-month rise. This increased steelsector demand has had a pulling effect on coal prices, offsetting some ofthe downward pressure caused by higher imports. 2024 For Guizhou Province, where the Group operates, the global and nationalfactors had a certain level of impact on the local coal industry. However,the unique geographical location and extensive coal resource reserve ofGuizhou introduced additional localised factors that exerted a more directinfluence. As a rapidly developing southwestern province, Guizhou madesignificant progress in advancing the construction of various industrialbases in the first half of 2024. The implementation of these projects ensureda substantial and growing demand for coal within the province. MANAGEMENT DISCUSSION AND ANALYSIS (Continued) BUSINESS REVIEW Perennial Energy Holdings Limited (the “Company” together with itssubsidiaries, the “Group”) mainly owns and operates three under