博耳电力2024年度报告

ANNUAL REPORT年度報告2024 CONTENTS 77Consolidated Statement of Profit or Loss andOther Comprehensive Income78Consolidated Statement of Financial Position80Consolidated Statement of Changes in Equity81Consolidated Cash Flow Statement82Notes to the Financial Statements 2Corporate Information4Financial Summary5Chairman’s Statement10Management Discussion and Analysis28Biographical Details of Directors andSenior Management37Corporate Governance Report56Report of the Directors69Independent Auditor’s Report CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Qian Yixiang(Chairman and Chief Executive Officer)Ms. Jia Lingxia(Chief Operating Officer)Mr. Zha Saibin(Mr. Yu Wai Ming as his alternate Director)Mr. Qian ZhongmingMr. Yu Wai Ming Independent Non-executive Directors Mr. Tang JianrongMr. Qu WeiminMr. Lai Wai Leuk AUDIT COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu Weimin REMUNERATION COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu WeiminMr. Qian YixiangMs. Jia Lingxia NOMINATION COMMITTEE Mr. Lai Wai Leuk(Chairman)Mr. Tang JianrongMr. Qu WeiminMr. Qian YixiangMs. Jia Lingxia COMPANY SECRETARYMr. Chan Shiu Pui AUTHORISED REPRESENTATIVES Ms. Jia LingxiaMr. Chan Shiu Pui AUDITORBDO Limited LEGAL ADVISERReed Smith Richards Butler LLP INVESTOR AND MEDIA RELATIONSCONSULTANT Financial PR (HK) Limited CORPORATE INFORMATION(continued) REGISTERED OFFICE Windward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands Windward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands HEAD OFFICE IN THE PRC Luoyang RoadYangshi Industrial ParkHuishan DistrictWuxi CityJiangsu ProvincePRC PRINCIPAL PLACE OF BUSINESS INHONG KONG Unit D, 6th FloorNeich Tower128 Gloucester Road,Wanchai, Hong Kong 1286D PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong www.boerpower.com COMPANY’S WEBSITEwww.boerpower.com 1685 STOCK CODE1685 FINANCIAL SUMMARY CHAIRMAN’S STATEMENT On behalf of the board (the “Board”) of directors (the “Director”)of Boer Power Holdings Limited (the “Company” or “BoerPower”) and its subsidiaries (collectively, the “Group”), I report toshareholders the annual results of the Group for the year ended31 December 2024 (the “year”). 1355.0%513.2%7.43.3% In 2024, global economic development presents bothopportunities and challenges. Although the global economyis gradually recovering, factors such as economic policyuncertainties, geopolitical tensions, and trade frictions continue toconstrain stable growth. Despite the complex and ever-changingexternal environment, China’s economy has remained generallystable, showing steady progress. According to data from theNational Bureau of Statistics, the country’s gross domesticproduct (GDP) for the year reached approximately RMB135trillion, representing a 5.0% year-on-year growth. Nationwidefixed asset investment (excluding rural households) exceededRMB51 trillion, marking a 3.2% year-on-year increase. Althoughthe total profit of industrial enterprises above a designated sizeamounted to approximately RMB7.4 trillion, reflecting a 3.3%decline year-on-year, the timely introduction of a package ofincremental policies has facilitated a steady recovery in industrialproduction and a gradual improvement in profitability. Amid thecurrent macroeconomic environment, the Group has preciselynavigated market dynamics, continuously optimized operationalefficiency, and implemented refined management practices todrive cost reduction and efficiency enhancement strategies,laying a solid foundation for sustainable development. Leveragingour extensive industry experience and technological advantages,the Group has fully utilized our core competitiveness, expandedour diversified customer base, and promoted steady businessgrowth. 680.316.2%29.0%0.6197.519.0%61.863.038.932.731.128.97.9% During the year, the Group adhered to a stable and efficientbusiness strategy, advancing various operations in an orderlymanner and achieving solid overall performance. Benefiting fromthe gradual recovery of market demand, the Group continuedto expand our business scale, recording revenue of RMB680.3million, representing a year-on-year growth of 16.2%. At thesame time, the Group consistently enhanced operationalefficiency through refined management and strengthened costcontrol capabilities. During the year, the Group’s gross profitmargin rose to 29.0%, an increase of 0.6 percentage pointsyear-on-year, while the gross profit reached RMB197.5 million,achieving a year-on-year growth of 19.0%. The Group alsoimplemented rigorous interna