中核国际二零二三年中期报告
StockCode股份代号:2302 2023 INTERIMREPORT中期报告 CONTENTS目录 CorporateInformation公司资料 2 ManagementDiscussion&Analysis管理层讨论及分析 3 CondensedConsolidatedStatementofProfitorLossandOtherComprehensiveIncome简明综合损益表及其他全面收益表 14 CondensedConsolidatedStatementofFinancialPosition简明综合财务状况表 15 CondensedConsolidatedStatementofChangesinEquity简明综合资本变动表 17 CondensedConsolidatedStatementofCashFlows简明综合现金流量表 18 NotestotheCondensedConsolidatedInterimFinancialStatements简明综合中期财务报表附注 19 OtherInformation其他资料 39 CorporateInformation 公司资料 CNNCINTERNATIONALLIMITED (the“Company”togetherwithitssubsidiariesisreferredtoasthe“Group”) (IncorporatedintheCaymanIslandswithlimitedliability) BOARDOFDIRECTORS ChairmanandNon-ExecutiveDirector WangCheng ChiefExecutiveOfficerandExecutiveDirector ZhangYi Non-ExecutiveDirector WuGe IndependentNon-ExecutiveDirectors CuiLiguoZhangLeiChanYeeHoi AUDITCOMMITTEE ChanYeeHoi(Chairman) WuGeCuiLiguoZhangLei REMUNERATIONCOMMITTEE CuiLiguo(Chairman) ZhangYiWuGeZhangLei ChanYeeHoi NOMINATIONCOMMITTEE WangCheng(Chairman) ZhangYiCuiLiguoZhangLei ChanYeeHoi COMPANYSECRETARY LiPhilipSauYan STOCKCODE 2302 中核国际有限公司 （“本公司”及其附属公司统称“本集团”） （于开曼群岛注册成立之有限公司） 董事局 主席暨非执行董事 王成 行政总裁暨执行董事 张义 非执行董事 吴戈 独立非执行董事 崔利国张雷陈以海 审核委员会 陈以海（主席）吴戈 崔利国张雷 薪酬委员会 崔利国（主席）张义 吴戈张雷陈以海 提名委员会 王成（主席）张义 崔利国张雷陈以海 公司秘书 李守仁 股份代号 2302 ManagementDiscussion&Analysis 管理层讨论及分析 RESULTS Forthesixmonthsended30thJune,2023(the“Period”)togetherwiththecorrespondingfiguresforthesixmonthsended30thJune,2022(the“2022Period”),theGrouphasrecordedadecreaseinrevenueandgrossprofitofapproximately87%and96%respectively,toapproximatelyHK$76,144,000(2022Period:approximatelyHK$573,831,000)andHK$673,000(2022Period:approximatelyHK$17,624,000)respectively.Thedecreaseinrevenueandgrossprofitwasattributedbyadropinthesalesofuraniumproductsundertradeswithindependentthirdparties,whichwasprimarilyduetotheincreaseininterestratesin2023,whereasaresult,thecostofinternationaltradefundshadincreasedsignificantly.Inthiseconomicclimate,tradersofuraniumproductspreferredtoholdontotheircurrency,andtheminimalpricefluctuationsintheinternationalnaturaluraniummarketmadetradingunappealing.Thedisinclinationfurtherexacerbatedthereductionofoffshoretradingbusinessopportunitiesforbothbuyersandsellersinthenaturaluraniummarketamidstthehighborrowingcosts.AnothercontributingfactorwouldbethatthedeliveryplanoftheRössingUraniumMine(hasthemeaningascribedtoitinthecircularoftheCompanydated31stMay,2022(the“Circular”))islargelyscheduledinthesecondhalfof2023,similartoitsdeliveryschedulein2022.Nonetheless,theGroupcompletedsalesofapproximately0.2millionpounds(2022Period:approximately1.6millionpounds)ofnaturaluraniumproductsforthePeriod.TherewasalsoanincreaseofshareofresultofanassociatetoapproximatelyHK$21,161,000(2022Period:approximatelyHK$19,346,000),andanincreaseinfinancecosttoapproximatelyHK$6,429,000(2022Period:approximatelyHK$2,871,000)duetoanincreaseinmarketinterestratesingeneral.Asaresultoftheforegoing,anetprofitofapproximatelyHK$8,330,000(2022Period:approximatelyHK$18,079,000)wasrecordedforthePeriod. MARKETANDBUSINESSOVERVIEW TheinterestratehikesduringthePeriodhasincreasedthecostofinternationaltradefundssignificantly,andmanycapitalintensivesectorshavebeenimpacted.Inthiseconomicclimate,tradersofuraniumproductspreferredtoholdontotheircurrency,andtheminimalpricefluctuationsintheinternationalnaturaluraniummarketmadetradingunappealing.Withtheflowofthenaturaluraniumspotmarketbeinggreatlysloweddownbyfinancialinvestors,theinvestmentinnaturaluraniumbyfinancialinvestmentinstitutionswasreducedsignificantlyascomparedtothe2022Period.Thedisinclinationfurtherexacerbatedthereductionofoffshoretradingbusinessopportunitiesforbothbuyersandsellersinthenaturaluraniummarketamidstthehighborrowingcosts.DuringthePeriod,thespotpriceofnaturaluraniumfluctuatedbetweenUS$48/lbU3O8andUS$57.75/lbofU3O8,andsettledatapproximatelyUS$56/lbU3O8attheendofthePeriod.DuringthePeriod,thelong-termnaturaluraniumcontractingpriceincreasedfromUS$51/lbU3O8toapproximatelyUS$56/lbU3O8attheendofthePeriod. 业绩 于截至二零二三年六月三十日止六个月（“回顾期”）及同期相应的截至二零二二年六月三十日止六个月的数字（“二零二二年期间”），本集团录得收益及毛利分别减少约87%及96%至约港币76,144,000元（二零二二年期间：约港币573,831,000元）及港币673,000元（二零二二年期间：约港币 17,624,000元）。收益及毛利减少是由于与独立第三方交易的铀产品销售减少，这主要是因为二零二三年利率上调，导致国际贸易基金成本大幅增加。面对当前的经济气候，铀产品贸易商宁愿持有货币，加上国际天然铀市场的价格波动极少，令买卖的吸引力大减。在高借贷成本下，投资意欲低迷，进一步削减了买卖双方在天然铀市场的离岸贸易商机。另一个原因是罗辛铀矿（具有本公司日期为二零二二年五月三十一日的通函 （“该通函”）所赋予的含义）的交付计划主要安排在二零二三年下半年实施，与二零二二年的交付时间相若。尽管如此，本集团完成了约200,000磅的销售额（二零二二年期间：约1,600,000磅）的天然铀产品。应占一间联营公司的业绩亦增加至约港币21,161,000元 （二零二二年期间：约港币19,346,000元），以及融资成本增加至约港币6,429,000元（二零二二年期间：约港币2,871,000元），原因为市场利率普遍上升。基于上述原因，回顾期录得纯利约港币8,330,000元（二零二二年期间：约港币18,079,000元）。 市场及业务回顾 回顾期的加息导致国际贸易基金成本大幅增加，使多个资本密集型行业都受到影响。面对当前的经济气候，铀产品贸易商宁愿持有货币，加上国际天然铀市场的价格波动极少，令买卖的吸引力大减。天然铀现货市场的流通性随着金融投资者而大幅放缓，金融投资机构对天然铀的投资相较二零二二年期间大幅减少。在高借贷成本下，投资意欲低迷，进一步削减了买卖双方在天然铀市场的离岸贸易商机。回顾期内，天然铀的现货价格于每磅八氧化三铀48美元至每磅八氧化三铀57.75美元之间波动，期末结算价约为每磅八氧化三铀56美元。回顾期内，长期天然铀合约价格由每磅八氧化三铀51美元上升至期末每磅八氧化三铀约56美元。 DuringthePeriod,theGrouphascontinueditsbusinessoftradinguraniumproductsinitsnorm
