华商能源二零二四年年报

CONTENTS目錄 CORPORATE PROFILE公司簡介FIVE YEARS FINANCIAL SUMMARY五年財務概要CHAIRMAN’S STATEMENT主席報告EXECUTIVE DIRECTOR & EXECUTIVE PRESIDENT’S STATEMENT執行董事及行政總裁報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析PROFILES OF DIRECTORS AND SENIOR MANAGEMENT董事及高級管理層REPORT OF THE DIRECTORS董事會報告書CORPORATE GOVERNANCE REPORT企業管治報告ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT環境、社會及管治報告INDEPENDENT AUDITOR’S REPORT獨立核數師報告CONSOLIDATED FINANCIAL STATEMENTS綜合財務報表NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS綜合財務報表附註CORPORATE INFORMATION公司資料021012162440487196153163170282 CORPORATE PROFILE BUSINESS OVERVIEW CM Energy Tech Co., Ltd. (the “Company” or “CM Energy”, formerlyknown as CMIC Ocean En-Tech Holding Co., Ltd./TSC Group HoldingsLimited) (together with its subsidiaries, the “Group”) is listed on theMain Board of The Stock Exchange of Hong Kong Limited (the “StockExchange”) with stock code 00206. The Company’s primary businessrevolves around four directions, being hydrogen-based energy,shipbuilding and offshore equipment support, smart electronic control,and marine services. 華商能源科技股份有限公司（簡稱「本公司」或「華商能源」，原「華商國際海洋能源科技控股有限公司」╱「TSC集團控股有限公司」）（連同其附屬公司，「本集團」）在香港聯合交易所有限公司主板上市，股票代碼00206。本公司主營業務圍繞氫基能源、船海配套、智能電控、海事服務四個方向。 The products developed under our hydrogen-based green energytechnology mainly comprise of alkaline water electrolysis hydrogenproduction, vessel hydrogen power system integration, hydrogenrefueling stations EPC and hydrogen production integration, enablingthe Company to highlight its industrial manufacturing capability viagreen energy. Shipbuilding and offshore equipment support and high-end energy equipment products mainly include wing shaped rigid sails,methanol/ammonia/LNG supply system, marine ultrafiltration energy-saving products, offshore heavy duty cranes with capacity of 1,600tonnes, jacking system assembly, power control and transmission systems,machine rack pipes, as well as tension adjustment and compensationdevices. The core technology and products have taken the leadership inthe world after years of development. In addition, by virtue of years ofexperience in overseas markets, CM Energy has successfully expanded thebusiness of drilling equipment upgrading, operation and maintenanceservice, engineering technology service and supply chain managementbusiness. 本公司氫基綠色能源技術開發的主要產品有鹼性電解 水 製 氫 系 統 、 船 舶 氫 能 動 力 系 統 集 成 、 加 氫 站EPC、製氫系統集成等，著力打造綠色能源的工業製造能力。船海配套以及高端能源裝備產品主要包括翼型剛性風帆、甲醇╱氨╱LNG供給系統、船用超濾節能產品、1,600噸海上重型吊機、升降系統總成、電力控制及傳動系統、機械排管、張力調整及補償裝置等，核心技術與產品經過多年發展已達到世界領先水平。此外，華商能源憑藉在海外市場的多年深耕，成功開拓了鑽井設備升級改造、運維服務、工程技術服務及供應鏈管理業務。 In the medium to long term, we will continue to focus on the synergisticdevelopment around the four directions of hydrogen-based energy,shipbuilding and offshore equipment support, smart electronic control,and marine services, to enhance our global service network, constructa global service center system, and achieve our rapid growth throughcontinuous innovation, expanding cooperation and making full use ofboth internal and external resources, thus to make our contribution topromote transformation of the energy industry and achievement of zero-carbon emissions, aiming to become a leading technology-based greenenergy enterprise and equipment service provider. 未來中長期發展，我們將繼續圍繞氫基能源、船海配套、智能電控、海事服務四個方向協同發展，通過持續創新、拓展合作和對內外資源的充分利用，強化全球服務網絡，構建全球服務中心體系，實現本公司高速增長，以助力推進能源行業轉型和零碳排放的實現為目標，致力成為行業領先的科技創新型綠色能源及裝備服務商。 STRATEGY TRANSFORMATION 本 集 團 密 切 關 注 綠 色 能 源 和 智 慧 科 技 相 關 產 業 發展，積極尋求綠色能源相關產業投資和整合機會，實現本集團各業務板塊協同聯動效應。通過對產業鏈價值窪地的投資，本集團致力提升本公司整體業績表現，實現股東和投資者利益最大化。 The Group pays close attention to the development of green energyand intelligent technology-related industries, proactively looks foropportunities for investment in and consolidation of green energy relatedindustries to achieve synergistic effects of each of the Group’s businesssegments. Through investing in the undervalued opportunities along theindustrial supply chain, the Group is committed to enhancing the overallperformance of the Company and to maximizing the interest of theshareholders and investors. 未來中長期發展，我們將持續深化「科技創新型綠色能源及裝備服務商」戰略定位，聚焦清潔能源核心技術突破與船舶海洋配套產業協同發展。在全球碳中和進程加速的背景下，能源轉型呈現三大新特徵：氫能產業化進程超預期推進（綠氫製備成本同比下降27%）、船海清潔能源裝備需求爆發式增長、能源數字化與AI技術深度融合催生新業態。我們將強化綠色能源裝備科技創新與場景化應用雙輪驅動。 In the medium to long term, we will continue to deepen our strategicpositioning as a “technological innovation-driven green energy andequipment service provider”, focusing on breakthroughs in core cleanenergy technologies and the synergistic development of the ship andmarine supporting industries. Against the backdrop of accelerating globalcarbon neutrality, the energy transition exhibits three new characteristics:the industrialization process of hydrogen energy is advancing beyondexpectations (with the cost of green hydrogen production decreasingby 27% year-on-year), the explosive growth in demand for ship andmarine clean energy equipment, and the deep integration of energydigitalization with AI technology giving rise to new business models. Wewill strengthen the dual-dr