理文化工2024 年报

Content CORPORATE INFORMATION2CHAIRMAN’S STATEMENT4MANAGEMENT DISCUSSION AND ANALYSIS6CORPORATE GOVERNANCE REPORT11ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT25PROFILE OF DIRECTORS AND SENIOR MANAGEMENT85DIRECTORS’ REPORT90INDEPENDENT AUDITOR’S REPORT100CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME105CONSOLIDATED STATEMENT OF FINANCIAL POSITION106CONSOLIDATED STATEMENT OF CHANGES IN EQUITY108CONSOLIDATED STATEMENT OF CASH FLOWS109NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS111FINANCIAL SUMMARY188 LEE & MAN CHEMICAL COMPANY LIMITED理文化工有限公司 公司資料 BOARD OF DIRECTORS Executive DirectorsMs. Wai Siu Kee(Chairman)Mr. Lee Man Yan(Chief Executive Officer)Mr. Yang Zuo Ning 202438 Non-executive DirectorProfessor Chan Albert Sun ChiJP(Redesignated from an Executive Director on 8 March 2024) BBS Independent non-executive DirectorsMr. Wan Chi Keung, AaronBBS JPMr. Heng Victor Ja WeiMr. Wong King Wai Kirk AUDIT COMMITTEE BBS Mr. Heng Victor Ja Wei(Chairman)Mr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk REMUNERATION COMMITTEE BBS Mr. Heng Victor Ja Wei(Chairman)Mr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk NOMINATION COMMITTEE Ms. Wai Siu Kee(Chairman)Mr. Heng Victor Ja WeiMr. Wan Chi Keung, AaronBBS JPMr. Wong King Wai Kirk BBS COMPANY SECRETARY Mr. Hung Siu Yin AUTHORISED REPRESENTATIVES Ms. Wai Siu KeeMr. Hung Siu Yin REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 16935B Unit B, 35/FLee & Man Commercial Center169 Electric RoadNorth Point, Hong Kong PRINCIPAL BANKERS In Hong Kong: Hang Seng Bank LimitedUnited Overseas Bank Limited, Hong Kong BranchBank of China (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation Limited In the PRC: Bank of China LimitedChina Construction Bank CorporationIndustrial and Commercial Bank of China LimitedHSBC Bank (China) Company LimitedMizuho Bank (China), Ltd. AUDITORS Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong WEBSITE www.leemanchemical.com www.leemanchemical.com Chairman’s Statement主席報告 BUSINESS REVIEW For the year ended 31 December 2024, the Group recorded totalrevenue of HK$3,951 million, down 2.5% year-on-year, and profit for theyear was HK$482 million, up 20.4% year-on-year. The gross profit marginof the chemical operations was 29.4%, representing a 3.4 percentagepoint increase compared to last year, while the Group’s net profit marginrose by 2.3 percentage points year-on-year to 12.2%. 202412 3139.512.5%4.8220.4%3.429.4%2.312.2% 17112,900 Regarding the Group’sChemical operations, changes in geopoliticalsituations and high interest rates prevailing have kept the manufacturingindustry in mainland China on its toes. Prices of the Group’s chemicalproducts moved on different paths, but stayed steady at large. Thanks tothe Group strengthening cost control and production automation bearingfruit, the Group’s gross profit and profit increased during the year. As forProperty operations, the Group sold 17 residential units at RIVERDALEduring the year, with only 11 units remaining. Including leasing revenue,the total revenue of property operations amounted to approximatelyHK$29 million during the year. PROSPECTS 2025 In 2025, the global economy remains uncertain, with the operatingenvironment full of challenges. To tackle this difficult situation, the Groupwill continue to promote production automation at its three factoriesto improve cost-effectiveness and production efficiency. At the driveof national policies, technological innovation and market demand, thechemical industry is expected to gradually develop and move towardshigh-end, green and intelligent production. While striving to guard its existing business, the Group will continue toinvest resources in developing diversified high-value-added chemicalproducts, strengthen its product portfolio, achieve vertical integration ofits production chain, and focus on maintaining the high quality of variousproducts, thereby build its unique competitive advantage. We firmlybelieve that stable and high product quality is critical to strengthening thefoundation of the brand and boost the Group’s profitability. The Group completed the construction of the vinylene carbonate(“VC”) production line at the Changshu plant and the optimization offluoroethylene carbonate