沧海控股中期报告 2024

INTERIM REPORT2024 Contents目錄 6Management Discussion and Analysis 30Condensed Consolidated Statement ofFinancial Position 32Condensed Consolidated Statement ofChanges in Equity 33Condensed Consolidated Statement ofCash Flows 34Notes to the Condensed ConsolidatedFinancial Statements Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Peng Tianbin(Chairman)Mr. Peng Yonghui(Chief Executive Officer)Mr. Peng Daosheng Non-executive DirectorMs. Wang Sufen Independent Non-executive Directors Mr. Chan Lap IpMr. Shi WeixingMr. Yang Zhongkai AUDIT COMMITTEE Mr. Chan Lap Ip(Chairman)Mr. Shi WeixingMr. Yang Zhongkai REMUNERATION COMMITTEE Mr. Yang Zhongkai(Chairman)Mr. Peng TianbinMr. Shi Weixing NOMINATION COMMITTEE Mr. Shi Weixing(Chairman)Mr. Peng YonghuiMr. Yang Zhongkai STRATEGY COMMITTEE Mr. Peng Tianbin(Chairman)Mr. Peng YonghuiMr. Chan Lap Ip AUTHORISED REPRESENTATIVES Mr. Peng YonghuiMr. Tong Tai Alex COMPANY SECRETARYMr. Tong Tai Alex REGISTERED OFFICE IN THE CAYMAN ISLANDS Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands CORPORATE HEADQUARTERS 33881718 17th and 18th FloorsCang Hai Industry BuildingNo. 3388 Cang Hai RoadYinzhou District, Ningbo CityZhejiang ProvinceChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG 166–16815A Room A, 15th FloorSing Ho Finance Building166–168 Gloucester RoadWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 4CHANHIGH HOLDINGS LIMITED滄海控股有限公司Corporate Information (Continued) HONG KONG SHARE REGISTRAR 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong AUDITOR RSM Hong KongCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance29th Floor, Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong PRINCIPAL BANKERS 218 Industrial and Commercial Bank of ChinaNingbo BranchNo. 218 Zhongshan Xi RoadHaishu DistrictNingbo CityZhejiang ProvinceChina 139 Bank of ChinaNingbo BranchNo. 139 Yaohang StreetHaishu DistrictNingbo CityZhejiang ProvinceChina STOCK CODE 02017 02017 www.chanhigh.com.hk COMPANY’ S WEBSITE www.chanhigh.com.hk Management Discussion and Analysis INDUSTRY AND BUSINESS REVIEW 2020 Afterfour years of turbulence caused by the pandemic andinflation,global economic growth appears to be stabilizing.However,faced with a severe and complex internationalenvironmentand the arduous task of domestic reform,development and stability, the growth level is still below thepre-2020level.Domestically,policies have focused onsupply-sidereform,and the real estate market is still in theadjustment process, with real estate investment continuing todeclineand inventory remaining at a high level.Theconstructionindustry,affected by the real estate sector,isgenerally in a downward trend, but there are still developmentopportunities in related infrastructure construction. I.Construction industry expansion slowdown 13.834.8%12020110.46.2%3.9%5.4%1.51.2 Accordingto data released by the National Bureau ofStatistics,in the first half of 2024,the nationalconstruction industry’s total output value was RMB13.83trillion,a year-on-year increase of 4.8%,growth ratedecreased 1 percentage point year-on-year, marking thefourthconsecutive year of decline since 2020;thenational construction industry’s housing construction areawas 11.04 billion square meters, a year-on-year decreaseof6.2%,the decline has been the largest in recentyears.Although the growth rate of total constructionindustryoutput has slowed down,the development ofinfrastructureacross the country is still in a relativelyactivestate,in the first half of 2024,the cumulativegrowth of fixed asset investment was 3.9%, higher thanthesame period last year,and the investment ininfrastructureincreased by 5.4%year-on-year,1.5percentagepoints higher than the overall investment,drivingthe growth of overall investment by 1.2percentagepoints.While real estate developmentinvestment and real estate sales are both declining, thegrowthof infrastructure investment has become animportant support for the construction industry to maintaingrowth. Accordingto statistics,in the first half of this year,investment in water conservancy management increasedby 27.4%, investment in air transportation increased by23.7%, and investment in railway transportation increasedby 18.5%. 27.4%23.7%18.5% II.Continued decline in construction business activity 51.2%1.140.1%4.049.9%1.840.2%2.749.3%0.3 Inthe first half of 2024,the construction industrybusiness activity index continued to decline. In July, theconst