Financial Performance - Revenue for the first half of 2020 was RMB 4,314,031 thousand, a decrease of 28.6% compared to RMB 6,043,385 thousand in the same period of 2019[8] - Gross profit for the first half of 2020 was RMB 1,786,157 thousand, resulting in a gross margin of 41%, down from 44% in the previous year[8] - Profit attributable to owners of the company was RMB 878,414 thousand, a decline of 42% from RMB 1,510,397 thousand in the first half of 2019[8] - Basic earnings per share for the first half of 2020 were RMB 0.561, compared to RMB 0.964 in the same period of 2019[8] - The company reported a net profit of RMB 1,510,397 thousand for the six months ended June 30, 2020, compared to RMB 2,301,268 thousand for the same period in 2019, reflecting a decrease of 34.4%[17] - The net profit for the six months ended June 30, 2020, was RMB 878,414,000, a decrease of 42% compared to RMB 1,510,397,000 for the same period in 2019[25] - The company's net profit for the reporting period was RMB 909.6 million, a decrease of RMB 638.9 million compared to RMB 1,548.5 million in the same period of 2019[47] Cash Flow and Liquidity - Net cash generated from operating activities for the first half of 2020 was RMB 1,519,984 thousand, down from RMB 2,307,109 thousand in the first half of 2019, representing a decline of 34.2%[13] - The total cash and cash equivalents at the end of June 30, 2020, were RMB 9,156,644 thousand, an increase from RMB 6,877,884 thousand at the end of June 30, 2019[13] - The net increase in cash and cash equivalents for the first half of 2020 was RMB 1,214,068 thousand, compared to RMB 1,869,193 thousand in the same period of 2019[13] - The company's cash and cash equivalents were approximately RMB 9,156.6 million as of June 30, 2020, an increase from RMB 7,942.6 million as of December 31, 2019[48] Assets and Liabilities - Total assets as of June 30, 2020, were RMB 14,642,994 thousand, slightly down from RMB 14,690,432 thousand at the end of 2019[11] - Total liabilities to total assets ratio was 0.39, indicating a stable financial position[9] - The total liabilities as of June 30, 2020, were RMB 1,246,115,000, a decrease from RMB 2,174,123,000 as of December 31, 2019[32] - The total trade and other receivables as of June 30, 2020, amounted to RMB 2,366,684,000, a decrease of 40% from RMB 3,962,640,000 as of December 31, 2019[30] - The total inventory as of June 30, 2020, was RMB 726,255,000, an increase of 7.7% from RMB 674,380,000 as of December 31, 2019[29] Operational Efficiency - The company continues to focus on cost control and operational efficiency to navigate the challenging market conditions[10] - Distribution and selling expenses decreased by RMB 42.7 million or 19% to RMB 178.6 million due to reduced freight and packaging costs[46] Capital Expenditures and Investments - Capital expenditures for property, machinery, and equipment amounted to RMB 67.5 million, up from RMB 36.1 million in the previous year[36] - Capital expenditures for the six months ended June 30, 2020, were approximately RMB 143,200,000, a decrease from RMB 293,200,000 for the same period in 2019[50] - The group reported capital commitments of approximately RMB 67,500,000 as of June 30, 2020, compared to RMB 36,100,000 at the end of 2019[50] Market Outlook - The group plans to sell 17.36 million tons of cement products in the second half of 2020, with a total annual sales target of 28.5 million tons[52] - The group anticipates a recovery in cement prices in the third and fourth quarters of 2020, following a seasonal adjustment period[52] - The government plans to invest approximately RMB 1.29 trillion in 150 major water conservancy projects, which is expected to drive indirect investments of about RMB 6.6 trillion[52] Corporate Governance - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2020, ensuring compliance with relevant accounting standards[60] - The company did not recommend any dividend for the six months ended June 30, 2020, consistent with the previous year[62] - The company maintained sufficient public float as per the listing rules during the six months ended June 30, 2020[64] Employee and Organizational Information - The group employed 3,866 staff members as of June 30, 2020, and provides various insurance benefits in accordance with applicable laws[51] - The group has no foreign currency hedging policy in place but monitors foreign exchange risks[51] Shareholding Structure - Asia Cement holds approximately 67.73% equity in the company, with Asia Cement Singapore owning about 4.07% equity through its 99.96% ownership of Asia Cement[56]

(於開曼群島註冊成立的有限公司) 股份代號： (於開曼群島註冊成立的有限公司) 股份代號： 年報 目錄 2 公司資料 3 財務摘要 4 主席報告 8 副主席報告 10 行政總裁報告 14 管理層討論及分析 24 企業管治報告 33 董事及高級管理人員 38 董事會報告 47 獨立核數師報告 簡明綜合財務報表 51 綜合損益及其他全面收益表 52 綜合財務狀況表 54 綜合權益變動表 55 綜合現金流量表 57 綜合財務報表附註 142 財務概要 公司資料 董事會 執行董事 徐旭平先生 （副主席） 張才雄先生 吳中立博士 （行政總裁） 張振崑先生 林昇章先生 吳玲綾女士 非執行董事 徐旭東先生 （主席） 獨立非執行董事 詹德隆先生 王偉先生 李高朝先生 王國明博士 公司秘書 何小碧女士 授權代表 吳中立博士 何小碧女士 審核委員會成員 詹德隆先生 （主席） 徐旭東先生 李高朝先生 薪酬委員會成員 王國明博士 （主席） 徐旭東先生 詹德隆先生 提名委員會成員 徐旭東先生 （主席） 詹德隆先生 王偉先生 獨立委員會成員 李高朝先生 （主席） 詹德隆先生 王國明博士 註冊辦事處 Cricket Square, Hut ...