中集安瑞科控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號: 3899) 2020 年報 戰略聚焦 有質增長 願景 成為清潔能源、化工環境及液態食品領域的行業 領先的科技型企業。 使命 以科技進步、產品創新，讓能源更清潔，使環境可持續，為生活 添美好！為客戶提供高品質、可信賴的裝備和專業化綜合增值服 務，為員工和股東提供良好的回報，為社會創造可持續價值！ 關於我們 中集安瑞科控股有限公司於2004年成立，自2005年在香港聯交所上市，為中集 集團成員之一。我們主要從事廣泛用於清潔能源、化工環境及液態食品三個行 業的各類型運輸、儲存及加工裝備的設計、開發、製造、工程、銷售及運作， 並提供有關技術保養服務。我們的營銷網絡遍布全球，旗下國內外成員企業20 餘家，在中國、德國、比利時、英國及加拿大等國家擁有生產基地和研發中 心，營銷網絡遍布全球。 | 目錄 | 五年財務概覽 | 2 | | --- | --- | --- | | | 財務摘要 | 3 | | | 公司資料 | 4 | | | 董事長報告 | 5 | | | 管理層討論與分析 | 10 | | | 業務回顧 | | | | 清潔能源 | 10 ...

Financial Performance - Total revenue for the first half of 2020 was RMB 5,319,352 thousand, a decrease of 19.2% compared to RMB 6,584,418 thousand in the same period of 2019[7]. - Net profit attributable to equity holders was RMB 215,993 thousand, down 43.6% from RMB 382,879 thousand in 2019[7]. - Basic earnings per share decreased by 44.4% to RMB 0.109 from RMB 0.196 in the previous year[7]. - The company's profit for the six months ended June 30, 2020, was RMB 205,230 thousand, a decrease of 47% compared to RMB 387,433 thousand for the same period in 2019[11]. - Total comprehensive income for the period was RMB 188,391 thousand, down 51% from RMB 388,400 thousand in the previous year[11]. - The reported segment profit for the first half of 2020 was RMB 308,332, a decrease of 50.7% compared to RMB 625,085 in 2019[28]. - Revenue from the sale of goods was RMB 4,058,090, down 6.5% from RMB 4,340,974 in the same period of 2019[31]. - Revenue from engineering project contracts was RMB 1,261,262, a decline of 43.8% from RMB 2,243,444 in 2019[31]. - The overall gross profit margin declined by 1.1 percentage points to 14.2% from 15.3% in 2019[69]. - Operating profit margin decreased by 2.3 percentage points to 5.4% from 7.7% in the same period last year, with operating profit down by 43.1%[69]. Assets and Liabilities - Total assets as of June 30, 2020, were RMB 15,758,966 thousand, a slight decrease of 0.9% from RMB 15,900,033 thousand at the end of 2019[6]. - The company's total liabilities were RMB 7,606,083 thousand, an increase from RMB 7,397,817 thousand at the end of 2019[13]. - The net asset value of the company was RMB 7,237,044 thousand as of June 30, 2020, down from RMB 7,384,511 thousand at the end of 2019[13]. - The total assets of the reporting segments as of June 30, 2020, were RMB 13,821,084 thousand, slightly down from RMB 14,091,345 thousand as of December 31, 2019[26]. - The total liabilities as of June 30, 2020, were RMB 8,521,922, which is relatively stable compared to RMB 8,515,522 at the end of 2019[29]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2020, was RMB 227,466,000, compared to a cash outflow of RMB 296,124,000 for the same period in 2019[17]. - The company reported a net cash outflow from investing activities of RMB 214,663,000 for the first half of 2020, compared to RMB 258,613,000 in the previous year[17]. - The net cash used in financing activities was RMB 217,585,000 for the first half of 2020, a significant decrease from RMB 527,633,000 in the same period of 2019[17]. - The company's cash and cash equivalents decreased by RMB 204,782,000 during the first half of 2020, compared to a decrease of RMB 1,082,370,000 in the same period of 2019[17]. - Cash and cash equivalents as of June 30, 2020, were RMB 2,330,622,000, a decrease of 8.0% from RMB 2,534,752,000 as of December 31, 2019[44]. Inventory and Receivables - Inventory turnover days increased to 149 days from 116 days, indicating a longer holding period for inventory[7]. - Total inventory as of June 30, 2020, was RMB 3,856,692,000, an increase of 4.9% compared to RMB 3,676,319,000 as of December 31, 2019[40]. - Trade receivables as of June 30, 2020, amounted to RMB 2,634,336,000, a decrease of 3.0% from RMB 2,715,828,000 as of December 31, 2019[41]. - Trade payables as of June 30, 2020, were RMB 2,241,025,000, a decrease of 7.4% from RMB 2,420,392,000 as of December 31, 2019[46]. Subsidiaries and Acquisitions - The company has over 20 subsidiaries globally, with production bases and advanced R&D centers in multiple countries[4]. - The company acquired 100% of Lindenau Full Tank Services GmbH for €3,010,000 (approximately RMB 23,328,000) on January 1, 2020[61]. - The company also acquired 100% of McMillan (Coppersmiths & Fabricators) Ltd. for £3,800,000 (approximately RMB 33,223,000) on April 3, 2020[61]. - Total cash outflow for acquisitions amounted to RMB 52,280 thousand after accounting for cash held by acquired subsidiaries[62]. Research and Development - The research and development costs for the first half of 2020 were RMB 130,088, an increase of 4.3% from RMB 125,015 in 2019[35]. - The clean energy division has successfully completed multiple R&D projects, including the development of an active intelligent gas supply system for LNG vehicles, ensuring stable pressure and power output[83]. - The division has developed the world's first 45-foot LNG tank container with a lightweight frame structure and large volume design, which has already secured export orders[83]. - The division is actively expanding into the environmental industry, focusing on industrial hazardous waste management, which has high technical and qualification barriers, and significant growth potential[87]. Market and Segment Performance - The clean energy segment generated revenue of RMB 2,993,243 thousand from external customers, while the chemical environment segment generated RMB 1,072,219 thousand[26]. - The clean energy segment's revenue fell by 4.1% to RMB 2,993,243,000, accounting for 56.3% of total revenue, up from 47.4% in 2019[67]. - The chemical environment segment's revenue dropped by 44.5% to RMB 1,072,219,000, representing 20.2% of total revenue, down from 29.4% in 2019[67]. - The liquid food segment's revenue decreased by 32.2% to RMB 1,021,611,000, making up 19.2% of total revenue, down from 22.9% in 2019[68]. Shareholder Information - As of June 30, 2020, the total issued A-shares of the company amounted to 1,526,182,872 shares, with the percentage calculations based on this figure[109]. - Major shareholder 中集 holds 1,371,016,211 shares, representing 68.20% of the total issued share capital[111]. - The company has granted stock options for a total of 76,620,000 shares under its incentive plan as of June 30, 2020[113]. - The exercise price for the stock options is set at RMB 8.06 per share, with 75% of the options exercisable from September 28, 2014, to September 27, 2020[108]. Legal and Compliance - CIMC Enric Holdings Limited's subsidiary, CIMC Enric Investment Holdings Shenzhen Co., Ltd., is involved in a lawsuit where SOEG PTE LTD claims RMB 153,456,000 for equity transfer payment and RMB 50,000 for legal fees[126]. - The Jiangsu Provincial High People's Court ruled against SOEG's claims, requiring SOEG to bear litigation costs of RMB 809,330[126]. - The company has complied with the Corporate Governance Code as per the listing rules for the six months ending June 30, 2020[128].

Financial Performance - Total revenue for the first half of 2019 reached RMB 6,584,418 thousand, representing a 16.5% increase compared to RMB 5,649,719 thousand in the same period of 2018[7]. - Gross profit increased by 14.6% to RMB 1,007,258 thousand, with a gross margin of 15.3%, slightly down from 15.6% in 2018[7]. - EBITDA for the first half of 2019 was RMB 646,212 thousand, up 13.5% from RMB 569,246 thousand in 2018[7]. - Net profit attributable to equity holders rose by 24.2% to RMB 382,879 thousand, compared to RMB 308,353 thousand in the previous year[7]. - Basic earnings per share increased to RMB 0.196, a 23.3% rise from RMB 0.159 in 2018[7]. - Total comprehensive income for the period was RMB 388,400,000, up from RMB 295,909,000, marking a 31.2% increase year-over-year[12]. - The company reported a profit of RMB 387,433,000 for the six months ended June 30, 2019, representing a 23.1% increase from RMB 314,647,000 in the same period of 2018[12]. - Reported segment profit for the first half of 2019 was RMB 625,085,000, an increase of 31.5% compared to RMB 475,128,000 in the same period of 2018[42]. Assets and Liabilities - Total assets as of June 30, 2019, were RMB 15,477,665 thousand, a decrease of 2.4% from RMB 15,853,354 thousand at the end of 2018[6]. - Total liabilities decreased to RMB 7,071,364,000 from RMB 8,089,634,000, a reduction of 12.5%[13]. - The company's net asset value rose to RMB 6,880,367,000, up from RMB 6,545,794,000, which is an increase of 5.1%[14]. - Current assets decreased to RMB 10,763,865,000 from RMB 11,761,233,000, indicating a decline of 8.5%[13]. - The total assets for the reporting segments amounted to RMB 15,261,705,000 as of June 30, 2019, slightly down from RMB 15,334,321,000 as of December 31, 2018[40]. - The total liabilities for the reporting segments were RMB 7,231,800,000 as of June 30, 2019, compared to RMB 8,252,362,000 as of December 31, 2018, showing a decrease of approximately 12%[40]. Cash Flow and Financing - Cash and cash equivalents decreased significantly by 36.7% to RMB 1,856,293 thousand from RMB 2,930,271 thousand[6]. - The net cash used in operating activities was RMB 296,124 thousand for the six months ended June 30, 2019, compared to RMB 267,473 thousand for the same period in 2018, indicating a decrease in cash flow from operations[19]. - The net cash used in financing activities was RMB 527,633 thousand for the six months ended June 30, 2019, compared to a net cash inflow of RMB 99,742 thousand for the same period in 2018, indicating a significant change in financing strategy[19]. - The company’s debt-to-equity ratio improved to 16.9%, down from 18.3% in the previous period[6]. - The bank loans increased significantly to RMB 962,458,000 from RMB 686,320,000, representing a rise of 40%[14]. Segment Performance - The clean energy segment generated revenue of RMB 3,120,071,000 for the six months ended June 30, 2019, compared to RMB 2,516,134,000 for the same period in 2018, reflecting a growth of about 24%[40]. - The chemical environment segment reported revenue of RMB 1,507,136,000 for the six months ended June 30, 2019, down from RMB 1,699,997,000 in the same period of 2018, indicating a decline of approximately 11%[40]. - The liquid food segment achieved revenue of RMB 1,410,177,000 for the six months ended June 30, 2019, compared to RMB 1,410,177,000 for the same period in 2018, remaining stable[40]. - The clean energy segment's adjusted operating profit was RMB 185,489,000 for the six months ended June 30, 2019, compared to RMB 113,395,000 for the same period in 2018, indicating a significant improvement[40]. Research and Development - Research and development expenses increased to RMB 125,015,000 in the first half of 2019, compared to RMB 84,959,000 in the same period of 2018, reflecting a focus on innovation[49]. - The clean energy division launched several successful R&D projects, including a 30,000 m³ LNG dual-metal full-container tank and a 20,000 m³ skid-mounted liquefaction device[96]. - The company is developing a non-contact liquid level sensor for smart tank management, which will enable intelligent monitoring of temperature, pressure, and liquid levels in containers[100]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code as per the Hong Kong Stock Exchange during the six months ending June 30, 2019[123]. - The audit committee consists of four independent non-executive directors, overseeing financial reporting and risk management[124]. - The company has established a standard code for securities trading by directors, ensuring compliance with regulations[122]. Future Outlook and Strategy - The company aims to expand its presence in clean energy and environmental sectors, aligning with its vision to be a world-leading enterprise in these industries[2]. - The company plans to continue expanding its operations in clean energy and chemical environments, focusing on the design and manufacturing of transportation and storage equipment[20]. - The company is actively exploring the environmental industry, which has significant market potential and high profit margins, particularly in the industrial solid waste recycling sector[99]. - The company aims to enhance its competitive edge in the tank container business by expanding the application of special tank containers and leveraging IoT technology for smart logistics[99].