从玉智农二零二四年中期报告

Congyu Intelligent Agricultural Holdings Limited (formerly known as China Finance Investment Holdings Limited)(Incorporated in Bermuda with limited liability) (Stock Code: 875) 2024Interim Report CONTENTS PageCorporate Information2Management Discussion and Analysis4Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income13Condensed Consolidated Statement of Financial Position15Condensed Consolidated Statement of Changes in Equity17Condensed Consolidated Statement of Cash Flows18Notes to the Unaudited Condensed Consolidated Interim Financial Information19Other Information47 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive directorMr. LIN Yuhao(Chairman and Co-Chief Executive Officer) Non-executive directorMs. HAN Xiuhong Independent non-executive directors Mr. LI ShaohuaMs. ZHU RouxiangMs. LI Yang AUDIT COMMITTEE Ms. LI Yang(Committee Chairlady)Mr. LI ShaohuaMs. ZHU Rouxiang REMUNERATION COMMITTEE Ms. ZHU Rouxiang(Committee Chairlady)Mr. LI ShaohuaMs. LI YangMs. HAN Xiuhong NOMINATION COMMITTEE Mr. LIN Yuhao(Committee Chairman)Mr. LI ShaohuaMs. LI YangMs. ZHU Rouxiang CORPORATE GOVERNANCE COMMITTEE Ms. LI Yang(Committee Chairlady)Mr. LI ShaohuaMs. ZHU Rouxiang AUTHORISED REPRESENTATIVES Mr. LIN YuhaoMs. HAN Xiuhong COMPANY SECRETARYMr. AU YEUNG Ming Yin, Gordon REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda CORPORATE INFORMATION HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 31532A Unit 32A, 15/FStar HouseNo. 3 Salisbury RoadTsim Sha TsuiKowloon, Hong Kong AUDITOR McMillan Woods (Hong Kong) CPA LimitedCertified Public Accountants and Public Interest Entity Auditor LEGAL ADVISORLlinks Law Offices LLP PRINCIPAL SHARE REGISTRAR Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 875 SHARE LISTING The Stock Exchange of Hong Kong LimitedStock Code: 875 http://www.cyia.hk CORPORATE WEBSITEhttp://www.cyia.hk ir@cfih.hk INVESTOR RELATIONSEmail: ir@cfih.hk ir@cfih.hk Shareholders may send their request to receive copies of the interimreport by notice in writing to the head office ofthe Company or bysending an email to ir@cfih.hk. MANAGEMENT DISCUSSION AND ANALYSIS The board (the “Board”) of directors (the “Directors”) of Congyu IntelligentAgricultural Holdings Limited (the “Company”) is pleased to presentthe unaudited consolidated interim results ofthe Company and itssubsidiaries (collectively, the “Group”) for the six months ended 30 June2024 (the “Reporting Period”), along with the unaudited comparativefigures for the six months ended 30 June 2023 (the “CorrespondingPeriod”). The Group was principally engaged in growing of agricultural produce,trading of agricultural and meat produce, poultry, seafood and preparedfood in the People’s Republic of China (the “PRC”) (the “Agricultural andMeat Business”) during the Reporting Period. BUSINESS REVIEW Agricultural and Meat Business The Group’s Agricultural and Meat Business has been suffered from theeconomic recession in the PRC during the Reporting Period. Althoughthe Group has been actively developing its trading of poultry and seafoodbusiness, and has strengthened its revenue stream and enlarged itscustomer base by commencing to supply produce, including agriculturaland meat produce, poultry and seafood, to supermarkets and othercustomers in the PRC and commencing online sales during the ReportingPeriod, revenue from the Agricultural and Meat Business decreased byapproximately 72.2%, from approximately HK$1,079.2 million for theCorresponding Period to approximately HK$299.7 million, and the Grouprecorded a gross profit of approximately HK$5.0 million for the ReportingPeriod (2023: HK$20.6 million). 1,079,200,00072.2%299,700,0005,000,00020,600,000 Looking ahead, the Group will continue to control its costs, utilise itsexisting resources and collaborate with its business partners to furtherstrengthen the cultivation of agricultural produce, trading of agriculturaland meat produce, poultry, seafood and prepared food with high potentialfor development, or pursue acquisitions when opportunities arise. Interests in associates The Group held 40% equity interests in Shenzhen Congyu WanxingTechnology Agriculture Co. Ltd.*(“Congyu Wanxing”) and Jiamusi Congyu Modern Agriculture Co. Ltd.*(“Jiamusi Congyu”), respectively. 40% During the Reporting Period, no revenue was recorded (2023: nil) as nobusiness operation was conducted by Congyu Wanxing and JiamusiCongyu (2023: nil). MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW 299,700,0001,079,200,000779,500,00072.2% Duringthe Repor ting Period, the Group’s revenue