中国金石2024年中期报告

Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Zheng YonghuiMr. Zhang WeijunMs. Zhang CuiweiMr. Zhang Mian Independent Non-executive Directors Andreas Varianos Mr. Yang RuiminMr. Andreas VarianosMs. Zu Rui AUDIT COMMITTEE Mr. Andreas Varianos(Chairman of Audit Committee)Mr. Yang RuiminMs. Zu Rui Andreas Varianos REMUNERATION COMMITTEE Ms. Zu Rui(Chairman of Remuneration Committee)Mr. Yang RuiminMs. Zhang Cuiwei NOMINATION COMMITTEE Mr. Yang Ruimin(Chairman of Nomination Committee)Ms. Zu RuiMs. Zhang Cuiwei AUTHORISED REPRESENTATIVES Ms. Zhang CuiweiMr. Cheung Wai Kee CHIEF EXECUTIVE OFFICEMr. Li Yunfei COMPANY SECRETARYMr. Cheung Wai Kee REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Corporate Information公司資料 HEADQUARTERS OF BUSINESS IN THE PRC Zhangjiaba MineZhenjiang VillageXiangshui CountyJiangyou CitySichuan ProvinceThe People’s Republic of China PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 14, 18/F., Seapower TowerConcordia PlazaNo. 1 Science Museum RoadKowloon, Hong Kong 11814 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Ocorian Management (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedBank of Communications (Hong Kong) LimitedIndustrial and Commercial Bank of China AUDITORSElite Partners CPA Limited LEGAL ADVISER 15373701&3708-3710 Seyfarth Shaw (as to Hong Kong law)Suites 3701 & 3708-3710, 37/F, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentral, Hong Kong 1380 STOCK CODE1380 www.kingstonemining.com WEBSITE OF THE COMPANYwww.kingstonemining.com CHINA KINGSTONE MINING HOLDINGS LIMITED|INTERIM REPORT 20242 Management Discussion and Analysis管理層討論及分析 BUSINESS REVIEW China Kingstone Mining Holdings Limited (the “Company”), togetherwithits subsidiaries(the“Group”),were principally engaged inproduction and sales of marble slags in People’s Republic of China(“PRC” or “China”). The Group owns and operates a beige marbleminein China,namely the Zhangjiaba Mine,which is locatedinZhenjiang Village,Xiangshui County,Jiangyou City of SichuanProvince, China. Marble Slag Marbleslag is produced in the course of stripping overburden atZhangjiaba mine and by crushing the cracked marble stones. Marbleslag is a raw material for the production of ground calcium carbonate(the“GCC”)which is widely used in production of many dailyproducts, such as construction materials, paper, plastic, paints, etc. TheGroup sells marble slags to the GCC manufactures which are close tothe Zhangjiaba mine. 20246 30202427,700,00020236 30202314,400,00013,300,00091.7% China economy is showing signs of recovery amid continued effortstoboost domestic demand and tackle the property market slump.However, a number of factors. such as geopolitics, international tradefrictions, and supply chain rebalancing, are still at play which mayaffect the pace of recovery. The Company believes that demand inmarble slag has bottomed out and it would register steady growth inthe year. During the six months ended 30 June 2024 (“HY2024”),revenueattributable to marble slag business was approximatelyRMB27.7 million, representing an increase of approximately RMB13.3millionor 91.7%as compared to approximately RMB14.4 millionfor the six months ended 30 June 2023 (“HY2023”). The increasewas primarily due to an increase in domestic consumption demandinChina.The Company believes that the weak global demand,geographic tension and losing confidence in the property market wouldcontinue to cast a shadow on the economic recovery of China. TheCompany will stay vigilant amid the ever-changing macro-environment. Management Discussion and Analysis管理層討論及分析 Food Brand Business The Group operates a food brand business for serving ready-to-cookmeal kits in the United Kingdom (“UK”). The Group, at first, served thefood which were prepared out of the franchised restaurant with theGroup’s recipe and sold them at the food delivery platform. However,since year 2023, the Group has changed tack to serve the ready-to-cook meal kits prepared out of its own central kitchen through aclick-and-mortar distribution channel. The Group has its own websiteon www.celeplate.co.uk to accept the UK customers to place ordersonline and the Group also sells the meal kits in the retailing stores andsupermarkets. The Group now has its own brands of “Celeplate”, “Burgogi BBQ” and “Y” and rolled out five categories ofmeal kits (1) seafood and sashimi, (2) meat and wagyu, (3) BBQ andhotpot, (4) oven-ready Peking duck and (5) fresh meat and seafood.The Group’s sales of food inc