中国东方集团二零二四年中期报告

Contents 190 Financial Highlights Financial Highlights • •Financial Summary Notes: 1.The Company defines EBITDA as profit for the period beforefinance costs — net, income tax expense/(credit), amortisation,depreciation and non-cash non-recurring items. During the sixmonths ended 30 June 2024, there were no adjustments of non-cash non-recurring items in the calculation (2023 correspondingperiod: nil). 1.20246302023 2.(i)(ii)20246302024630 2.The Company defines the adjusted profit for the period (a non-HKFRS measure) as profit for the period excluding non-recurringgain and the provision for impairment of both (i) properties underdevelopment and held for sale; and (ii) loan receivables relatedto the real estate industry in the second-and-lower-tier cities inthe PRC. For the six months ended 30 June 2024, the foregoingprovisions were not made based on the Group’s evaluationof market situation and current provision of relevant propertydevelopment projects in the PRC, and no non-recurring gain wasrecorded. Therefore, such non-HKFRS measure did not apply tothe profit for the six months ended 30 June 2024. Please refer tothe sub-section headed “Management Discussion and Analysis —Non-HKFRS Measure” for details of the non-HKFRS measure. Financial Highlights •Average Selling Price and Gross Profit perTonne of Self-manufactured Steel Products Financial Highlights Corporate Information Board of Directors Executive Directors Sanjay Sharma2024628 Mr. Han Jingyuan(Chairman and Chief Executive Officer)Mr. Zhu JunMr. Shen XiaolingMr. Han Li(Chief Financial Officer)Mr. Sanjay SharmaMr. Li Mingdong(appointed on 28 June 2024) Non-executive Directors Mr. Ondra OtradovecMr. Zhu Hao(retired on 28 June 2024) Ondra Otradovec2024628 Independent Non-executive Directors 20246282024628 Mr. Wong Man Chung FrancisMr. Wang Tianyi(retired on 28 June 2024)Mr. Wang BingDr. Tse Cho Che EdwardMs. Yu Fang Jing(appointed on 28 June 2024) Composition of Board Committees Audit Committee 20246282024628 Mr. Wong Man Chung Francis(Chairman)Mr. Wang Tianyi(retired on 28 June 2024)Mr. Wang BingMs. Yu Fang Jing(appointed on 28 June 2024) Nomination Committee 20246282024628 Mr. Han Jingyuan(Chairman)Mr. Wong Man Chung FrancisMr. Wang Tianyi(retired on 28 June 2024)Mr. Wang BingMs. Yu Fang Jing(appointed on 28 June 2024) Remuneration Committee 20246282024628 Mr. Wong Man Chung Francis(Chairman)Mr. Han JingyuanMr. Wang Tianyi(retired on 28 June 2024)Mr. Wang BingMs. Yu Fang Jing(appointed on 28 June 2024) Corporate Information Authorised Representatives Mr. Han LiMr. Lam Pak Kan Company Secretary Mr. Lam Pak Kan Registered Office Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda Principal Place of Business in Hong Kong 239901–210 Suites 901–2 & 10, 9th Floor, Great Eagle Centre23 Harbour RoadWanchai, Hong Kong Bermuda Principal Share Registrar andTransfer Office MUFG Fund Services (Bermuda) Limited MUFG Fund Services (Bermuda) Limited Hong Kong Branch Share Registrar andTransfer Office Tricor Investor Services Limited Auditor 20246282024628 Deloitte Touche Tohmatsu(appointed on 28 June 2024)PricewaterhouseCoopers(retired on 28 June 2024) Corporate Information Company’s Website www.chinaorientalgroup.com www.chinaorientalgroup.com List of Principal Banks(In Alphabetical Orders) Agricultural Bank of ChinaBank of CangzhouBank of ChengdeBank of ChinaBank of CommunicationsBank of HebeiBank of TianjinChina Citic BankChina Construction BankChina Everbright BankChina Minsheng BankDBS BankHang Seng BankIndustrial and Commercial Bank of ChinaIndustrial BankING Bank N.V.MaybankOCBC BankPing An BankRabobankThe Export-Import Bank of China ING Bank N.V. Management Discussion and Analysis Looking ahead, the Group will strive to make effective use ofits existing sound financial position and efficient managementmodel, on one hand, adopting the “specialisation, industrychain extension, high-tech and high-end”* ()strategy as the direction for transformation and upgrading,continuously optimising the industry and product structure,and blazing a new trail of high-quality development driven byinnovation, on the other hand, actively exploring new modelsand paths that align with green development concepts topromote the Group’s green, low-carbon, and sustainabledevelopment. 20245.4%23.7%2024202320244.36 Looking back at the first half of 2024, despite the global economyas a whole showing a moderate recovery trend and maintainingstable growth, the inflation slowed down, and uncertainty inmonetary policy increased. The economies of different regionscontinued to diverge, and emerging and developing marketeconomies in Asia, such as China, provide the main driving forcefor global economic growth. During the period, China’s economyoperated steadily overall, with progress amidst stability, showingan upward trend of continued recovery. On the downstreamdemand side of the iro