(IncorporatedintheCaymanIslandswithlimitedliability)(于开曼群岛注册成立之有限公司) (StockCode股份代号:1822) InterimReport 中期报告 2023 公司资料 CorporateInformation DIRECTORS ExecutiveDirector Mr.LyuNingJiang(ChairmanandChiefExecutiveOfficer) Non-executiveDirector Mr.HuYongGang IndependentNon-executiveDirectors Mr.ZhaoXianmingMr.ChanLikShan (appointedon27January2023)Mr.SoYinWai COMPANYSECRETARY Mr.LeePakChung AUTHORISEDREPRESENTATIVES Mr.LyuNingJiangMr.LeePakChung AUDITCOMMITTEE Mr.ZhaoXianming(Chairman) Mr.ChanLikShan (appointedon27January2023)Mr.SoYinWai NOMINATIONCOMMITTEE Mr.LyuNingJiang(Chairman) Mr.ZhaoXianmingMr.ChanLikShan (appointedon27January2023)Mr.SoYinWai REMUNERATIONCOMMITTEE Mr.ZhaoXianming(Chairman) Mr.ChanLikShan (appointedon27January2023)Mr.SoYinWai HONGKONGSHAREREGISTRAR TricorInvestorServicesLimited17/F.,FarEastFinanceCentre16HarcourtRoad HongKong WEBSITE www.chinawoodint.com.hk 董事 执行董事 吕宁江先生(主席兼首席执行官) 非胡执永行刚董先事生 独赵立宪非明执先行生董事 苏彦威先生 陈(力于山二先零生二三年一月二十七日获委任) 吕宁江先生 公李柏司聪秘先书生授权代表 李柏聪先生 审赵宪核明委先员生(会主席) 苏彦威先生 陈(力于山二先零生二三年一月二十七日获委任) 提吕宁名江委先员生(会主席) 赵陈宪力明山先生 苏(彦于威二先零生二三年一月二十七日获委任) 薪赵宪酬明委先员生(会主席) 苏彦威先生 陈(力于山二先零生二三年一月二十七日获委任) 夏悫道16号 香港 香卓佳港证股券份登记登有记限处公司 远东金融中心17楼 网址 www.chinawoodint.com.hk INTERIMREPORT2023二零二三年中期报告01 公司资料 CorporateInformation STOCKCODE 01822 LEGALADVISOR (HongKongLaw)MichaelLi&Co 19/F.,ProsperityTower, No.39Queen’sRoadCentralHongKong PRINCIPALBANKER BankofCommunicationsCo.,Ltd.HongKongBranch AUDITORS McMillanWoods(HongKong)CPALimitedCertifiedPublicAccountants 24/F.,SiuOnCentre 188LockhartRoad,WanchaiHongKong REGISTEREDOFFICE CricketSquare,HutchinsDrive P.O.Box2681 GrandCaymanKY1-1111CaymanIslands HEADOFFICEANDPRINCIPALPLACEOFBUSINESSINHONGKONG Current(witheffectfrom16August2023) 11thFloor,Tower2,AdmiraltyCentre, 18HarcourtRoad,Admiralty,HongKong Previous 1601,16/F, SunHouse, 90ConnaughtRoadCentral,HongKong PRINCIPALSHAREREGISTRARANDTRANSFEROFFICE Suntera(Cayman)Limited3rdfloor,RoyalBankHouse, 24SheddenRoad,GeorgeTown,GrandCayman, KY1-1110,CaymanIslands 股份代号 01822 (法香律港法顾例问) 19楼 李香智港聪律师事务所皇丰后盛大创道建中大厦39号 主交通要银往行来股份银有行限公司,香港分行核长青数(香师港)会计师事务所有限公司 执香业港会计师 24楼 湾兆仔安骆中克心道188号 注册办事处 CricketSquare,HutchinsDrive P.O.Box2681 GrandCaymanKY1-1111CaymanIslands 总办事处及香港主要营业地点 现香在港(自2023年8月16日生效) 第座楼 金海钟富夏中悫心道18号 211 以香往港 楼室 干大诺新道行中90号 161601 主要股份过户登记处 Suntera(Cayman)Limited3rdfloor,RoyalBankHouse, 24SheddenRoad,GeorgeTown,GrandCayman, KY1-1110,CaymanIslands 02CHINAWOODINTERNATIONALHOLDINGCO.,LIMITED中木国际控股有限公司 管理层讨论及分析 ManagementDiscussionandAnalysis BUSINESSREVIEW Toallshareholders, Duringthefirsthalfof2023,China’seconomygraduallystabilizedandrebounded,witha5.5%year-on-yeargrowthingrossdomesticproductionrecorded.Sincethebeginningoftheyear,pent-upconsumerdemandhasbeengraduallyreleasedinmanypartsofChina.Notwithstandingthis,thepropertysectorinChinaisstillstrugglingtoemergefromthecreditcrisisafterthegovernmentcrackeddownonitsdebtlevelsinAugust2020.Woodconsumptioniscloselylinkedtothehousingmarketanditsdemandforconstructionmaterials,flooring,furniture,anddecorativeitems.AccordingtotheNationalBureauofStatisticsinChina,newhousingstartshascontinuedtodeclineinthefirsthalfof2023.Asaresult,thebusinessenvironmentinwhichtheGroupoperatesremainstobechallengingandtoughduringthesixmonthsended30June2023(the“ReportingPeriod”). Wood-relatedBusiness DuringtheReportingPeriod,theCompanycontinueditseffortsindevelopingitscorewood-relatedbusiness,includingwoodmanagement,distributionandprocessingofwoodandtimberproductsaswellastheprocessingandsaleofantique-stylewoodfurniture. WiththecontinuouseffortsoftheCompanyandthevaluableexpertiseandextensivebusinessconnectionsbroughttotheGroupbyMr.Lyu,therevenuegeneratedfromthewood-relatedbusinesshasincreasedfromapproximatelyHK$41.9millionforthesixmonthsended30June2022toapproximatelyHK$96.9millionfortheReportingPeriod. 业务回顾 致全体股东: 二零二三年上半年,中国的经济逐步稳定复苏,国民生产总值按年录得5.5%的增长。自年初起,中国多个地区逐渐释出压抑已久的消费需求。尽管如此,自二零二零年八月政府打压债务水平后,中国的物业房产板块仍未从信贷危机中走出来。木材消耗与房屋市场及其对建材、地板、家具及装饰品的需求息息相关。根据中国国家统计局的资料,二零二三年上半年,新房屋动工率持续下跌。因此,截至二零二三年六月三十日止六个月内(“报告期间”),本集团营运所在的业务环境仍然充满挑战及严峻。 木材相关业务 报告期间内,本公司不断努力开发其核心木材相关业务,包括木材管理、木材及木材产品的分销及加工,以及仿古木家俬的加工及销售。 鉴于本公司的不断努力及吕先生为本集团带来的宝贵专业知识及广泛的业务关系,木材相关业务产生的收益由截至二零二二年六月三十日止六个月的约41,900,000港元增加至报告期间的约96,900,000港元。 INTERIMREPORT2023二零二三年中期报告03 管理层讨论及分析 ManagementDiscussionandAnalysis Processinganddistributionoffurniturewood Sincelate2020,theGrouphasestablishedChinaWoodGreenResources(Shenzhen)Co.,Limited*中木绿色资源(深圳)有限公司(“CWGreen”),awholly-ownedsubsidiaryoftheGroup,asthemainoperatingcompanytodeveloptheGroup’scorewood-relatedbusiness,whichisprincipallyengagedintheprovisionofcomprehensivesupplychainmanagementservicesandtheprocessinganddistributionofavarietyoffurniturewoods,whichmainlycompriseofredmahoganywood,sandalwood,rosewood,pinewood,andfirwood,sourcedinthePRCandoverseas. TheGroup’srevenuegeneratedfromtheprocessinganddistributionoffurniturewoodfortheReportingPeriodamountedtoapproximatelyHK$81.0million(2022:approximatelyHK$40.7million). Manufacturingandsalesofantique-stylewoodfurnitureandotherwoodenproducts