正业国际中期报告2024

Contents目錄 261214 Corporate InformationChairman’s StatementFinancial HighlightsCondensed Consolidated Statement ofProfit or Loss and OtherComprehensive IncomeCondensed Consolidated Statement ofFinancial Position15Condensed Consolidated Statement ofChanges in Equity18Condensed Consolidated Statement ofCash Flows19Notes to the Condensed ConsolidatedFinancial Statements23Management Discussion and Analysis53Corporate Governance and OtherInformation72 Corporate Information公司資料 Board of DirectorsExecutive Directors Mr. Hu Zheng(Chairman and Chief Executive Officer)Mr. Hu Hancheng(Co-Chairman)(Mr. Hu Jianjun as his alternate)Mr. Hu Hanchao(Mr. Tan Xijian as his alternate)Mr. Hu JianpengMs. Chen Wei Non-executive DirectorMs. Hu Jianwen Independent Non-executive Directors Mr. Chung Kwok Mo JohnMr. Liew Fui KiangMr. Shin Yick Fabian Chief Executive OfficerMr. Hu Zheng Company SecretaryMs. Jiang Ying Audit Committee Mr. Chung Kwok Mo John(Chairman)Mr. Liew Fui KiangMr. Shin Yick Fabian Remuneration Committee Mr. Shin Yick Fabian(Chairman)Mr. Chung Kwok Mo JohnMr. Hu ZhengMr. Liew Fui Kiang Corporate Information公司資料 Nomination Committee Mr. Hu Zheng(Chairman)Mr. Chung Kwok Mo JohnMr. Liew Fui KiangMr. Shin Yick Fabian Risk Management Committee Mr. Hu Zheng(Chairman)Mr. Liew Fui KiangMr. Chung Kwok Mo JohnMr. Shin Yick FabianMs. Chen Wei Budget Management Committee Mr. Hu Zheng(Chairman)Mr. Hu HanchaoMr. Hu HanchengMs. Chen Wei Registered Office Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda Headquarter and Principal Place ofBusiness in China 28220 20th Floor, Building 2, Ocean Plaza28 Boai No. 6 Road, Eastern DistrictZhongshan City, GuangdongThe People’s Republic of China Corporate Information公司資料 Principal Place of Business inHong Kong 414–424252502 Suite 2502, 25th FloorChinaweal Centre414–424 Jaffe RoadWan ChaiHong Kong Authorized Representatives Mr. Hu ZhengMs. Jiang Ying Legal Adviser As to Hong Kong lawLoeb & Loeb LLP Conyers Dill & Pearman As to Bermuda lawConyers Dill & Pearman Auditor • Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditors Principal Share Registrar andTransfer Office in Bermuda MUFG Fund Services (Bermuda)Limited26 Burnaby StreetHamilton HM 11Bermuda MUFG Fund Services (Bermuda)Limited26 Burnaby StreetHamilton HM 11Bermuda Corporate Information公司資料 Branch Share Registrar andTransfer Office in Hong Kong Computershare Hong Kong Investor ServicesLimited17/F, Shop 1712–1716, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712–1716 Principal Bankers Bank of ChinaIndustrial Bank Company LimitedChina Guangfa Bank 3363 Share InformationStock code: 3363 http://www.zhengye-cn.com Company’s Official WebsiteAddresshttp://www.zhengye-cn.com Chairman’s Statement董事長報告 On behalf of the board of directors (the “Board”)of Zhengye International Holdings CompanyLimited (the “Company”), I am pleased topresent the interim results of the Company andits subsidiaries (the “Group”) for the six monthsended 30 June 2024. During the first half of 2024, global economica c t i v i t y s l o w e d d o w n a s e x p e c t e d , w i t heconomic fundamentals becoming morestabilized. Although the overall performance ofthe economy exceeded anticipations, numerouschallenges remained, including persistentinflationary pressures and complex geopoliticalsituations. In particular, tensions in the MiddleEast are likely to result in volatility in energyprices, which in turn could affect the globalmarket. Domestically, during the first half of thisyear, China’s economy managed to maintain therecovery trend that emerged in the second halfof last year, despite various ongoing difficultiesand challenges, such as fading consumerconfidence, which had not yet been successfullytackled, and a waning market expectation, whichwas in need of a boost. Nevertheless, with thecontinued implementation of a series of macro-economic policies aimed at stabilizing growth,we believe that China’s economy will continue toimprove its ability to withstand risks, overcomechallenges and achieve steady and sustainabledevelopment. Chairman’s Statement董事長報告 5.61%6.89%14.08%2.77% During the Review Period, as the effects of themacro-economic policies gradually took hold,market demand for paper packaging observeda slow recovery, and the industry experienceda rebound. During the first half of the year, theGroup’s procurement price of raw materialsdecreased by approximately 5.61% year-on-year, while the sales price of paper packagingproducts increased slightly by approximately6.89% compared to the corresponding periodlast year. The Group recorded a profit marginof 14.08%, which was 2.77% higher than thecorresponding period last year. The Group’sperformance improved significantly compared tothe corresponding period last year. 1,161,830,0001,164,940,000163,598,00014.08%15,026,0003 For the six months ended 30 J