中国金属利用2022年报

CorporateProfile公司概况 2 Chairman’sStatement主席报告 3 ManagementDiscussionandAnalysis管理层讨论及分析 5 DirectorsandSeniorManagement董事及高级管理层 21 ReportoftheDirectors董事会报告 25 CorporateGovernanceReport企业管治报告 48 IndependentAuditor’sReport独立核数师报告 71 ConsolidatedStatementofProfitorLossandOtherComprehensiveIncome综合损益及其他全面收益表 77 ConsolidatedStatementofFinancialPosition综合财务状况表 78 ConsolidatedStatementofChangesinEquity综合权益变动表 80 ConsolidatedStatementofCashFlows综合现金流量表 81 NotestotheConsolidatedFinancialStatements综合财务报表附注 83 FiveYearFinancialSummary五年财务概要 180 CorporateInformation公司资料 181 CONTENTS目录 CORPORATEPROFILE 公司概况 ChinaMetalResourcesUtilizationLimited(“CMRU”orthe“Company”)wasincorporatedintheCaymanIslandsasanexemptedcompanywithlimitedliabilityon22February2013.TheCompanyanditssubsidiaries(the“Group”)areafast-growingmanufacturerofrecycledcopperproducts,alsoknownascoppersemis,inSouthwestChina.ThesharesoftheCompany(the“Shares”)werelistedontheMainBoardofTheStockExchangeofHongKongLimited(the“StockExchange”)since21February2014(the“ListingDate”). Weprocessrecycledscrapcopperand,toalesserextent,electrolyticcopper,tomanufacturearangeofcopperproducts,includingcopperwirerods,copperwires,copperplatesandcoppergranules.Beginningin2013,wehavealsosoldarangeofcommunicationcablesandpowertransmissionanddistributioncablesusingcopperwirerodsthatweproduceastheprincipalrawmaterial.Weplantobroadenourproductrangeandpursueopportunitiesforfurtherverticalintegration.InlightoffavourabledevelopmenttrendsinChinaandouradvantagesinrawmaterialsupply,facilitylocationandpreferentialgovernmentalpolicies,webelievewearewellpositionedtobecomealeadingintegratedrecycledcopperproductsupplierinChinacoveringthekeyvalue-creatingactivitiesintheindustrychain. Wecurrentlyownseveralproductionfacilitiesforrecycledcopperproducts.ThesefacilitiesarelocatedinSichuanProvince,HunanProvince,HubeiProvinceandHenanProvince.Wearealsooperatingourtradingbusinessofcopper,aluminiumandnickelproducts. Thisannualreport,inbothEnglishandChineseversions,isavailableontheCompany’swebsiteathttp://www.cmru.com.cn/. ShareholdersoftheCompany(“Shareholders”)mayatanytimechangetheirchoiceoflanguage(s)(eitherEnglishonlyorChineseonlyorbothlanguages)ofCorporateCommunications. Shareholdersmaysendtheirrequesttochangetheirchoiceoflanguage(s)ofCorporateCommunicationsbynoticeinwritingtotheHongKongBranchShareRegistraroftheCompanywithComputershareHongKongInvestorServicesLtd.at17MFloorHopewellCentre,183Queen’sRoadEast,WanChai,HongKong. 中国金属资源利用有限公司（“中国金属资源利用”或“本公司”）为一家于2013年2月22日在开曼群岛注册成立的获豁免有限公司。本公司及其附属公司（“本集团”）是中国西南部增长迅速的再生铜产品（亦称为铜半制成品）制造商。本公司股份（“股份”）自2014年2月21日（“上市日期”）起在香港联合交易所有限公司（“联交所”）主板上市。 本集团主要加工回收的废铜，其次是电解铜，从而生产多种铜产品，包括铜线材、铜线、铜排和铜米。自2013年起，我们亦销售多种通信电缆和送配电缆，这些电缆以我们生产的铜线材作为主要原材料。我们计划扩大产品类型，并寻求机会进一步垂直集成。鉴于中国的有利发展趋势及我们在原材料供应、设施所在地及利好的政府政策等方面的优势，相信我们已具备条件成为中国领先的综合再生铜产品供应商，涵盖产业链内的主要价值创造活动。 本集团目前拥有数个再生铜产品生产设施。该等设施位于四川省、湖南省、湖北省及河南省。我们亦经营买卖铜、铝及镍制品业务。 本年报的中、英文本已登载于本公司网站 http://www.cmru.com.cn/。 本公司股东（“股东”）可随时更改收取公司通讯的语言版本的选择（即英文本或中文本或中、英文本）。 股东可以书面通知本公司在香港的股份过户登记分处，香港中央证券登记有限公司，地址为香港湾仔皇后大道东183号合和中心17M楼，提出更改收取公司通讯的语言版本的选择。 CHAIRMAN’SSTATEMENT 主席报告 DearShareholders, OnbehalfoftheBoardofDirectors(the“Board”)oftheCompany,IherebypresenttheauditedconsolidatedannualresultsoftheCompanyanditssubsidiaries(collectivelythe“Group”)fortheyearended31December2022. 2022hasbeenthemostchallengingyearinthehistoryofourGroupsofar.Theripplingeffectoftheburstingofthebubbleinthepropertymarketwhichbeganin2021notonlysignificantlyaffectedthedemandofcopperandcopperproducts,italsoseriouslyaffectedChina’seconomyasawhole.Inaddition,theresurgenceofCoronavirusDisease2019(COVID-19)duringtheyearhasfurtherdampenedthealreadyweakenedeconomy.Furthermore,citiesandregionallockdownswhichwerecarriedoutasmeasurestocounterCOVID-19causedsignificantdisruptionstoindustrialactivitiesaswellassupplychains.Consequently.Ourbusinesshasbeenmateriallyadverselyaffected.OurGrouprecordedadecreaseincoppersalesby68.8%in2022ascomparedto2021andrecordedanetlossofapproximatelyRMB4,763.2millionfor2022. Inordertoweatherthissituationandsafeguardourbusinessesandassets,wehavetakentheinitiativetoapplyforbankruptcyreorganizationforsomeofouroperatingsubsidiaries.Theseapplicationshavebeenapprovedbytherelevantcourts.Theeffectofthebankruptcyreorganizationswouldbethatthedebtsoftheoperatingsubsidiariesarerestructuredaswellasreducedsothattheintrinsicvalueandbusinesspotentialofthequalityassetsheldbythesubsidiariescanbereleased,allowingthesubsidiariestofullyutilizesuchassetstoincreasetheirrevenuegenerationability. Goingforward,ourimmediatepriorityistocompletesuccessfullythebankruptcyreorganisationsofoursubsidiariesassoonaspossible.Inworkingthroughthebankruptcyreorganizations,shorttermoperationalandfinancialresultsareexpectedtobeadverselyaffected.Nevertheless,weareconfidentinourlongtermbusinessprospectsasweseefuturedemandforourproducts,particularlycopper,shouldremainstrong,especiallyinareassuchasnewinfrastructureconstruction,newenergyautomobileandfacilities,hightechhomeappliancesandel