CGII HLDGS2024年报

2024ANNUAL REPORT CONTENTS目錄 Corporate Information2 Definitions5 Management Discussion and Analysis12 Biographical Details of Directors and Senior Management25 Corporate Governance Report37 Directors’ Report65 Independent Auditor’s Report109 Consolidated Statement of Comprehensive Income116 Consolidated Statement of Financial Position117 Consolidated Statement of Changes in Equity119 Consolidated Statement of Cash Flows120 Notes to the Consolidated Financial Statements122 公司 資 料Corporate Information 董 事會執行 董 事 BOARD OF DIRECTORSExecutive DirectorsMr. Song Changjiang(Chairman)Mr. Sun Changhuan 非 執行 董 事 Non-executive DirectorsMr. Zhang WenliMs. Ng Shuk Ming 獨立非 執行 董 事 Independent Non-executive Directors Mr. Siu Chi HungMr. Xiao Huan WeiMs. Li Chun Elsy 公司秘 書 COMPANY SECRETARYMr. Hon Ming Sang 授權 代 表 AUTHORISED REPRESENTATIVESMr. Song ChangjiangMr. Hon Ming Sang 審 核 委員會 AUDIT COMMITTEE Mr. Siu Chi Hung(Chairman)Mr. Zhang WenliMr. Xiao Huan Wei 薪 酬委員會 REMUNERATION COMMITTEE Mr. Xiao Huan Wei(Chairman)Mr. Sun ChanghuanMr. Siu Chi Hung 提名委員會 NOMINATION COMMITTEE Mr. Song Changjiang(Chairman)Mr. Xiao Huan WeiMr. Siu Chi HungMs. Li Chun Elsy 公司 資 料Corporate Information 核 數師 AUDITOR 11125 BDO LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor25th Floor, Wing On Centre111 Connaught Road CentralHong Kong 中華人民共和國主 要營業 地點及 總部 PRINCIPAL PLACE OF BUSINESS AND HEADOFFICE IN THE PEOPLE’S REPUBLIC OF CHINA 12 Laoting Economic Development ZoneNo. 12 Yantai RoadHebei ProvinceThe People’s Republic of China 開曼群島註 冊 辦事處 REGISTERED OFFICE INTHE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 香港主 要營業 地點 PRINCIPAL PLACE OF BUSINESSIN HONG KONG 9272704A Unit 2704A, 27th FloorNine Queen’s Road Central9 Queen’s Road CentralHong Kong 主 要 往 來 銀行 PRINCIPAL BANKERS China Construction BankIndustrial and Commercial Bank of ChinaBank of ChinaBank of Communications 公司 資 料 Corporate Information 合 規 顧問 COMPLIANCE ADVISER 21 Altus Capital Limited21 Wing Wo StreetCentralHong Kong 香港法 律 顧問 HONG KONG LEGAL ADVISER 18343 MinterEllison LLP43/F., Hopewell Centre183 Queen’s Road EastHong Kong 主 要 股份過 戶登 記 處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands 香港證券登 記分處 HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 股份 代號1940 STOCK CODEStock Code: 1940 網站www.cgiihldgs.com WEBSITEwww.cgiihldgs.com Unless otherwise stated in the context, the following terms shall have thefollowing meanings in this report: 釋 義Definitions Tangshan Iron and Steel Group Co., Ltd.* “HBIS Tangsteel” “LNG” liquefied natural gas, which is natural gas (predominantly methane) that has beencooled down to liquid form C3the Model Code for Securities Transactions by Directors of Listed Issuers set outin Appendix C3 to the Listing Rules Normal cubic metre per hour the People’s Republic of China 202012 16the prospectus of the Company dated 16 December 2020 Renminbi, the lawful currency of the PRC “RMB” 0.0001“Share(s)”the ordinary share(s) of US$0.0001 each in the share capital of the Company “Shareholder(s)”the holder(s) of the Shares“Stock Exchange”The Stock Exchange of Hong Kong Limited“Tangshan Plate”Tangshan Middle and Heavy Plate Co., Ltd.*“TTG”Tangshan Tangsteel Gases Co., Ltd.*“TTG Laoting Branch”Tangshan Tangsteel Gases Co., Ltd. Laoting Branch*"US"United States of America"USD"United States Dollar, lawful currency of the United States 主 席 報 告Chairman’s Statement Dear Shareholders, On behalf of the Board of the Company, I am pleased to present theannual report of the Group for the Reporting Period. 年度 業 績 ANNUAL RESULTS 20241,313.61202312 311,491.1511.26%2024315.25202312 314.17%20242024130.052023128.08202312 311.54% The total revenue of the Group in 2024 was approximately RMB1,313.61million representing a decrease of approximately 11.26% as compared toapproximately RMB1,491.15 million in the year ended 31 December 2023.Gross profit which amounted to approximately RMB315.25 million in 2024decreased by approximately 4.17% as compared to the year ended 31December 2023, which was mainly due to the continued downturn in thesteel market in 2024 and fierce competition in the liquefied industrial gasmarket, including the fact that the price of lean krypton xenon liquid oxygenin the market has been hovering at low levels, and the consumption ofpipeline gas has not met expectations. The profit for the year attributabletoowners of the Company in 2024 was approximately RMB130.05mill