叶氏化工集团2024 中期业绩报告

2024 INTERIM REPORT 目錄CONTENTS目錄CONTENTS目錄CONTENTS 概要Highlights2 重大投資Significant Investments23 企業管治Corporate Governance24 主席報告－回顧及展望Chairman’s Statement –Review and Outlook3 審核委員會Audit Committee25 行政總裁報告Report of the Chief Executive Officer7 上市公司董事進行證券交易的標準守則Model Code for Securities Transactionsby Directors of a Listed Company25 流動資金及財務資源Liquidity and Financial Resources13 董事詳情變更Change of Particulars of the Director26 人力資源Human Resources16 董事及最高行政人員於股份、相關股份及債權證之權益及淡倉Directors’ and Chief Executives’ Interestsand Short Positions in Shares,Underlying Shares and Debentures17 簡明綜合財務報告之審閱報告Report on Review of CondensedConsolidated Financial Statements27 購股權Share Options19 簡明綜合損益及其他全面收益表Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome29 主要股東Substantial Shareholder 21 其他資料Other Information22 簡明綜合財務狀況表Condensed Consolidated Statement ofFinancial Position31 中期股息Interim Dividend 22 簡明綜合權益變動表Condensed Consolidated Statement ofChanges in Equity33 暫停辦理過戶登記手續Closure of Register of Members22 簡明綜合現金流量表Condensed Consolidated Statement ofCash Flows36 購買、出售或贖回本公司之上市證券Purchase, Sale or Redemption of theCompany’s Listed Securities 簡明綜合財務報告附註Notes to the Condensed ConsolidatedFinancial Statements38 主席報告－回顧及展望Chairman’s Statement – Review and Outlook REVIEW 本人欣然向葉氏化工集團有限公司（「本公司」）全體股東們呈報截至二零二四年六月三十日止六個月（「回顧期」），本公司及其附屬公司（統稱「葉氏化工」或「集團」）的業務概況。 It is my pleasure to present to all shareholders of Yip’s ChemicalHoldings Limited (the “Company”) an overview of the business ofthe Company and its subsidiaries (collectively “Yip’s Chemical” orthe “Group”) for the six months ended 30 June 2024 (the “periodunder review”). 回顧期內的經營大環境實在較本人去年的展望更為嚴峻和具挑戰性。一系列不利因素未見消除，諸如西方國家對中國的打壓更加全面、中國政府大力推動增長模式轉型的進度稍緩、緊張的地緣政治加劇等，此外教人失望的是回顧期內未 如 預 期 進 入 逐 漸 減 息 週 期 。 同 時 政府 推 行 多 項 措 施 ， 試 圖 令 樓 市 復 甦 的效果並不明顯。因內外環境的不確定性諸多，嚴重影響了市民的消費意慾，整個市況處於較低迷的狀況。在此嚴峻的環境下，各行業為求生存或增加市場份額，於是開展了近年十分罕見和激烈的同業競爭，大打價格戰，特別在建築塗料板塊的情況特別嚴重。集團相關業務首當其衝，回顧期內無論是銷售額和毛利率都受到相當不利的影響。尚幸集團的其他各項主要業務和聯營公司，基於規模效應的持續發揮，以及在成本控制和擴展出口渠道方面取得不錯的成效，因 而 都 有 不 俗 的 業 績 表 現（ 詳 見 行 政 總裁 報 告 ）。 概 括 而 言 ， 集 團 上 半 年 的 整體業務表現貼近預期，回顧期內錄得的銷售額為15.6億港元，較上年同期微降0.6%。主要受惠整體經營溢利及應佔溶劑聯營公司業績的增加，股東應佔溢利增加1,800萬港元至3,400萬港元。 D u r i n gt h e p e r i o d u n d e r r e v i e w ,t h e g e n e r a l o p e r a t i n genvironment was even grimmer and more challenging than what Iexpected last year. A number of unfavourable factors, such as theincreasing containment of China by western countries, the slowprogress of the Chinese government in intensively promotingthe transformation of the growth model and heightenedgeopolitical tensions, still persisted. Further to that, it came asa disappointment to many that the market did not embark on arate-cutting cycle during the period under review as expected.In addition, the package of government measures to revitalisethe property market failed to produce significant results. Theuncertainties in the internal and external environments seriouslyundermined consumer sentiment and resulted in a sluggishmarket. In this dire situation, players in all industries faced intensecompetition rarely seen in recent years and resorted to price warsin the hope of surviving or gaining market share. The architecturalcoatings sector has been particularly hard hit, and the Group borethe brunt as the sales and gross profit margin of the relevantsegment were all adversely affected during the period underreview. Nevertheless, the Group saw solid performance in otherprincipal businesses and associate (please refer to the Report ofthe Chief Executive Officer for details) attributable to their well-established economies of scale as well as the satisfactory resultsof their cost control and export channel expansion efforts. Ingeneral, the Group’s overall business performance for the firsthalf of the year lived up to our expectations. Sales for the periodunder review amounted to HK$1.56 billion, representing a slightdecrease of 0.6% compared to the corresponding period of thepreceding year. Profit attributable to owners increased by HK$18million to HK$34 million mainly as a result of increases of overalloperating profit and share of results of solvents associate. 主席報告－回顧及展望 在財務表現方面，因應惡劣的經營大環境，集團的信貸政策更趨嚴謹，加上多年行之有效的審慎理財政策，因此集團的整體財務狀況仍處於良好的狀況，於二零二四年六月三十日的借貸比率錄得18.3%的較低水平。經綜合評估集團的業務前景、未來發展策略和一貫積極回饋股東的做法，本公司董事（「董事」）會（「董事會」）議決向全體股東派發中期股息每股3港仙。與此同時為體現集團的價值和為股東們謀求更大的利益，回顧期內集團首度嘗試在市場進行回購股份計劃（詳見本公司二零二四年六月十七日的公告），成效有待觀察。 Regarding financial performance, the Group has tightened itscredit policy in the face of the challenging operating environment.In addition, attributable to its effective and prudent treasurypolicy over the years, the Group has maintained a healthy overallfinancial position. As at 30 June 2024, the Group’s gearing ratiowas at a relatively low level of 18.3%. After a comprehensiveassessment of the Group’s business prospects and futuredevelopment strategies and considering the established practiceof rewarding shareholders earnestly, the board (the “Board”) of