泛亚环保二零二四年年报

Contents目錄 Corporate Information2Chairman’s Statement4Management Discussion and Analysis6Corporate Governance Report9Directors and Senior Management41Report of the Directors47Independent Auditor’s Report58Consolidated Statement ofProfit or Loss and OtherComprehensive Income67Consolidated Statement ofFinancial Position69Consolidated Statement ofChanges in Equity71Consolidated Statement ofCash Flows72Notes to the ConsolidatedFinancial Statements74Financial Summary17224694147586769717274172 Corporate Information公司資料 DIRECTORS 執行董事 Mr. Guo Jiannan(Chairman)(resigned as Chief Executive Officer on 12 April 2024)Mr. ZhuDuke Li(Chief Executive Officer)(appointed on 12 April 2024)Ms. Pan Chang Zhu Duke Li 獨立非執行董事 Independent Non-executive Directors Mr. Leung Shu Sun, SunnyMr. Hu JianjunMr. Chen Xuezheng COMPANY SECRETARY Mr. Wan San Fai, Vincent AUTHORISED REPRESENTATIVES Mr. Guo JiannanMr. Wan San Fai, Vincent PRINCIPAL BANKERS China Construction Bank CorporationChina Everbright Bank Company LimitedChina CITIC Bank International LimitedHang Seng Bank Limited INDEPENDENT AUDITOR Ascenda Cachet CPA Limited10/F Tien Chu Commercial Building173 Gloucester RoadWanchaiHong Kong 17310 LEGAL ADVISER Chiu & Partners40/F, Jardine House1 Connaught PlaceCentralHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information公司資料 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL PLACE OF BUSINESS IN THE PRC Baihe Industrial ParkXinjie StreetYixing CityJiangsu ProvinceThe PRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG Room 1506, 15/FLippo Sun PlazaNo. 28 Canton Road, Tsim Sha TsuiKowloon, Hong Kong 28151506 WEBSITE www.paep.com.cnwww.paep.com.cn STOCK CODE 556556 Chairman’s Statement主席報告 To Our Shareholders: O n b e h a l f o f t h e B o a r d ( t h e “ B o a r d ” ) o f D i r e c t o r s ( t h e“Directors”), I am pleased to present the annual report of PanAsia Environmental Protection Group Limited (“Pan Asia” or the“Company”) and its subsidiaries (collectively referred to as the“Group”) for the year ended 31 December 2024. During the year, the Group stepped up its efforts to expandits business operations and achieving a net profit of RMB17.5million. Looking ahead, China’s environmental protectionengineering industry will maintain its rapid developmenttrajectory. With the continuous advancement of the “DualCarbon” strategy, the ongoing battle against pollution, and theprogress in environmental technology, the industry will embraceeven broader development prospects. The Group will activelyrespond to national policies, keep pace with industry trends andimprove comprehensive service capabilities. We will providecustomers with high-quality, efficient environmental protectionengineering solutions, contributing to green development andthe construction of a beautiful China. 1,750 FINANCIAL REVIEW During the year under review, the Group generated totalrevenue of RMB251.5 million, an increase of 14.1% comparedwith RMB220.3 million recorded in 2023, which was attributableto the Group’s business development efforts as well as thecontinuous growth in demand for eco-friendly and low-carbonsolutions. Gross profit increased by 27.4% to RMB36.2 million(2023: RMB28.4 million) with the gross profit margin of 14.4%(2023: 12.9%) on the back of continuous portfolio management. Profit attributable to owners of the Company amounted toRMB17.2 million for the year ended 31 December 2024, turningaround from a net profit of RMB1.5 million for the year ended31 December 2023. Basic and diluted earnings per share wasRMB1.76 cents (2023: basic earnings per share of RMB0.17cents). 1,7201501.76 Chairman’s Statement主席報告 PROSPECTS Amid the economic development and industrial upgradingdriven by artificial intelligence, the central and Hong Konggovernments have introduced a series of support policies,strongly boosting the “AI+” sector. Our Group is fully confidentin grasping this opportunity. The central government’s “SeveralOpinions on Promoting the High-quality Development of theEnvironmental Protection Equipment Manufacturing Industry”highlights AI application in environmental protection, spurringintelligent transformation. Plus, the Hongkong government workreport stresses the continuous promotion of “AI+” development,combining digital technology with market strengths to supportthe broad application of large language models (LLM). Based on this, our Group will leverage its expertise andex