中国农产品交易二零二五年中期报告

INTERIM REPORT Contents CORPORATE INFORMATION2INTERIM DIVIDEND5MANAGEMENT DISCUSSION AND ANALYSIS5CORPORATE GOVERNANCE AND OTHER INFORMATION19CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME28CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION30CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY32CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS34NOTES TO CONDENSED CONSOLIDATEDFINANCIAL INFORMATION36 Corporate Information BOARD OF DIRECTORS Executive Directors GBS Mr. Tang Ching Ho,GBS, JP, ChairmanMr. Leung Sui Wah, RaymondChief Executive OfficerMr. Wong Ka KitMs. Luo Xu Ying Independent Non-executive Directors Mr. Lau King LungMr. Wong Ping YuenMr. Shang Hai Long AUDIT COMMITTEE Mr. Wong Ping Yuen,ChairmanMr. Lau King LungMr. Shang Hai Long REMUNERATION COMMITTEE GBS Mr. Shang Hai Long,ChairmanMr. Lau King LungMr. Wong Ping YuenMr. Tang Ching Ho,GBS, JP NOMINATION COMMITTEE Mr. Lau King Lung,ChairmanMr. Wong Ping YuenMr. Shang Hai LongMr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, Raymond GBS EXECUTIVE COMMITTEE Mr. Tang Ching Ho,GBS, JP,ChairmanMr. Leung Sui Wah, RaymondMr. Wong Ka KitMs. Luo Xu Ying GBS AUTHORIZED REPRESENTATIVES GBS Mr. Tang Ching Ho,GBS, JPMr. Leung Sui Wah, Raymond COMPANY SECRETARY Ms. Ng Yee Man, Fiona AUDITORS Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS Hong Kong Law: Reed Smith Richards Butler LLP PRC Law: King & Wood Mallesons PRINCIPAL BANKERS Agricultural Bank of China LimitedBank of China LimitedBank of Communications Co., Ltd. Hong Kong BranchChina CITIC Bank Corporation LimitedGuilin Bank Co., Ltd.Ping An Bank Co., Ltd.Qinzhou Metro Area Rural Credit CooperativesThe Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda CHINA AGRI-PRODUCTS EXCHANGE LIMITED中國農產品交易有限公司 Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS INHONG KONG 39323202 Suite 3202, 32/F, Skyline Tower39 Wang Kwong RoadKowloon BayKowloonHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT Appleby Global CorporateServices (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda Appleby Global CorporateServices (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LISTING INFORMATION Shares Listing The Stock Exchange of Hong Kong LimitedStock Code: 0149 0149 HOMEPAGE http://www.cnagri-products.com http://www.cnagri-products.com Interim Dividend The board of directors (the “Board” or the “Director(s)”) of ChinaAgri-Products Exchange Limited (the “Company”, together with itssubsidiaries, collectively referred to as the “Group”) has resolved notto declare any payment of interim dividend for the six months ended30 September 2025 (the “Period”) (for the six months ended30 September 2024 (the “2024 Corresponding Period”): Nil). Management Discussion and Analysis SUMMARY OF FINANCIAL RESULTS Revenue, gross profit and segment result For the Period, the Group recorded a revenue of approximately HK$189million, representing a decrease of approximately HK$114 million orapproximately 38% from approximately HK$303 million for the sixmonths period ended 30 September 2024 as a result of the decreasein the property sales recognition as compared to that of the 2024Corresponding Period. The below table summarises the key financialperformance of the Group: 189,000,000303,000,000114,000,00038% 133,000,000102,000,0001 4 0 , 0 0 0 , 0 0 085,000,0005%20% During the Period, the Group recorded a gross profit and a segmentresult of approximately HK$133 million and approximately HK$102million, respectively (for the six months ended 30 September 2024:approximately HK$140 million and approximately HK$85 million,respectively), representing a decrease of approximately 5% and anincrease of approximately 20%, respectively, as compared to the 2024Corresponding Period. The decrease in gross profit was mainly due todisposal of subsidiaries during the Period. The increase in segment resultwas mainly due to the change from net fair value losses on ownedinvestment properties for the 2024 Corresponding Period to net fair valuegains on owned investment properties for the Period. Management Discussion and Analysis General and administrative expenses, selling expenses andfinance costs 75,000,00084,000,0005,000,00014,000,00040,000,00047,000,000 The Group recorded general and administrative expenses ofapproximately HK$75 million in the Period (the 2024 CorrespondingPeriod: approximately HK$84 million). The decrease is mainly due tothe decrease in legal and professional fee during the Period. Sellingexpenses were approximately HK$5 million in the Period (the 2024Corresponding