中国农产品交易二零二四年中期报告

Contents CORPORATE INFORMATION2INTERIM DIVIDEND5MANAGEMENT DISCUSSION AND ANALYSIS5CORPORATE GOVERNANCE AND OTHER INFORMATION17CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME26CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION28CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY30CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS32NOTES TO CONDENSED CONSOLIDATEDFINANCIAL INFORMATION33 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Tang Ching Ho,GBS, JP, ChairmanMr. Leung Sui Wah, RaymondChief Executive OfficerMr. Wong Ka KitMs. Luo Xu Ying GBS Independent Non-executive Directors Mr. Lau King LungMr. Wong Ping YuenMr. Shang Hai Long(appointed on 20 August 2024)Mr. Li Yin Quan(resigned on 20 August 2024) AUDIT COMMITTEE Mr. Wong Ping Yuen,ChairmanMr. Lau King LungMr. Shang Hai Long(appointed on 20 August 2024)Mr. Li Yin Quan(resigned on 20 August 2024) REMUNERATION COMMITTEE GBS Mr. Shang Hai Long,Chairman(appointed on 20 August 2024)Mr. Lau King LungMr. Wong Ping YuenMr. Tang Ching Ho,GBS, JPMr. Li Yin Quan(resigned on 20 August 2024) NOMINATION COMMITTEE GBS Mr. Lau King Lung,ChairmanMr. Wong Ping YuenMr. Shang Hai Long(appointed on 20 August 2024)Mr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, RaymondMr. Li Yin Quan(resigned on 20 August 2024) EXECUTIVE COMMITTEE Mr. Tang Ching Ho,GBS, JP,ChairmanMr. Leung Sui Wah, RaymondMr. Wong Ka KitMs. Luo Xu Ying GBS AUTHORIZED REPRESENTATIVES Mr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, Raymond GBS COMPANY SECRETARY Ms. Ng Yee Man, Fiona AUDITORS Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS Hong Kong Law: Reed Smith Richards Butler LLP PRC Law: King & Wood Mallesons PRINCIPAL BANKERS Agricultural Bank of China LimitedBank of China LimitedBank of Communications Co., Ltd. Hong Kong BranchChina CITIC Bank Corporation LimitedGuilin Bank Co., Ltd.Ping An Bank Co., Ltd.Qinzhou Metro Area Rural Credit CooperativesThe Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda CHINA AGRI-PRODUCTS EXCHANGE LIMITED Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS INHONG KONG Suite 3202, 32/F, Skyline Tower39 Wang Kwong RoadKowloon BayKowloonHong Kong 39323202 PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT Appleby Global CorporateServices (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda(to be appointed on 1 January 2025) Appleby Global CorporateServices (Bermuda) LimitedCanons Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda(to be ceased on 1 January 2025) MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda BRANCH SHARE REGISTRAR AND TRANSFER OFFICE INHONG KONG Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 LISTING INFORMATION 0149 Shares Listing The Stock Exchange of Hong Kong LimitedStock Code: 0149 HOMEPAGE http://www.cnagri-products.com http://www.cnagri-products.com Interim Dividend The board of directors (the “Board” or the “Director(s)”) of ChinaAgri-Products Exchange Limited (the “Company”, together with itssubsidiaries, collectively referred to as the “Group”) has resolved notto declare any payment of interim dividend for the six months ended30 September 2024 (the “Period”) (for the six months ended 30September 2023 (the “2023 Corresponding Period”): Nil). Management Discussion and Analysis SUMMARY OF FINANCIAL RESULTS Revenue, Gross Profit and Segment Result For the Period, the Group recorded a revenue of approximately HK$303million, representing a decrease of approximately HK$22 million orapproximately 7% from approximately HK$325 million for the six monthsended 30 September 2023 as a result of the decrease in the propertysales recognition as compared to that of the 2023 Corresponding Period.The below table summarises the key financial performance of the Group: 303,000,000325,000,00022,000,0007% During the Period, the Group recorded a gross profit and a segmentresult of approximately HK$140 million and approximately HK$85million, respectively (for the six months ended 30 September 2023:approximately HK$162 million and approximately HK$114 million,respectively), representing a decrease of approximately 14% and adecrease of approximately 25%, respectively, as compared to the 2023Corresponding Period. The decrease in gross profit was mainly due todrop in gross profit in property sales during the Period. The decrease insegment result was mainly due to the drop in gross profit in propertysales and increase in fair value losses on owned investment properties. 140,000,00085,000,000162,000,000114,000,00014%25% Management Discussion and Analysis General an