CGII HLDGS2025年报

Annual Report CONTENTS目錄 Corporate Information Definitions Chairman’s Statement Five-Year Financial Summary Management Discussion and Analysis Biographical Details of Directors and Senior Management Corporate Governance Report Directors’ Report 64 Consolidated Statement of Comprehensive Income113 Consolidated Statement of Financial Position114 Consolidated Statement of Changes in Equity116 Consolidated Statement of Cash Flows117 Notes to the Consolidated Financial Statements119 公司 資 料Corporate Information BOARD OF DIRECTORS 董 事會 執行 董 事 Executive DirectorsMr. Song Changjiang(Chairman)Mr. Sun Changhuan Non-executive DirectorsMr. Zhang WenliMs. Ng Shuk Ming 非 執行 董 事 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 核 數師 AUDITOR 11125 BDO LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor25th Floor, Wing On Centre111 Connaught Road CentralHong Kong PRINCIPAL PLACE OF BUSINESS AND HEADOFFICE IN THE PEOPLE’S REPUBLIC OF CHINA 中華人民共和國主 要營業 地點及 總部 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 香港法 律 顧問 HONG KONG LEGAL ADVISER 1511 Hastings & Co.11th Floor, Gloucester TowerThe Landmark15 Queen’s Road CentralHong 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 WEBSITEwww.cgiihldgs.com 網站www.cgiihldgs.com Unless otherwise stated in the context, the following terms shall have thefollowing meanings in this report: Tangshan Iron and Steel Group Co., Ltd.* liquefied natural gas, which is natural gas (predominantly methane) that has beencooled down to liquid form Normal cubic metre per hour the People’s Republic of China “PRC” or “China” Renminbi, the lawful currency of the PRC 202512 31the year ended 31 December 2025 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 20251,529.12202412 311,313.6116.41%2025378.95202412 3120.21%20252025156.272024130.052024123119.16% The total revenue of the Group in 2025 was approximately RMB1,529.12million representing an increase of approximately 16.41% as compared toapproximately RMB1,313.61 million in the year ended 31 December 2024.Gross profit which amounted to approximately RMB378.95 million in 2025increased by approximately 20.21% as compared to the year ended 31December 2024, which was mainly benefiting from the gradual release ofproduction capacity at the coastal production bases of its major customer,HBIS Group, the Group’s pipeline industrial gas business increased ascompared to last year. Export capacity for liquid products also increasedslightly, and prices for liquid products rose slightly compared to last year.Overall, the continued downturn in the steel market in 2025 and fiercecompetition in the liquefied industrial gas market, including the fact thatthe price of lean krypton xenon liquid oxygen in the market has beenhovering at low levels. The profit for the year attributable to owners of theCompany in 2025 was approximately RMB156.27 million (profit for the yearattributable to owners of the Company was approximately RMB130.05millionin 2024),representing an increase of approximately 19.16%ascompared to the year ended 31 December 2024. REVIEW 回顧 202560,000Nm3/hr40,000Nm3/hr60,000Nm3/hr202511 In 2025, two sets of 60,000Nm3/hr and two sets of 40,000Nm3/hr ASUsofthe Group’s TTG New District Plant(formerly Zhongqi Investment(Tangshan)Plant)were in smooth operation wh