H 中國鋁罐控股有限公司 China Aluminum Cans Holdings Limited (於開曼群島註冊成立之有限公司) 股份代號：6898 中期報告 2021 in 目錄 2 公司資料 4 業務回顧 5 管理層討論及分析 11 中期簡明綜合財務報表審閱報告 12 中期簡明綜合損益及其他全面收益表 13 中期簡明綜合財務狀況表 15 中期簡明綜合權益變動表 17 中期簡明綜合現金流量表 19 中期簡明綜合財務資料附註 28 其他資料 二零二一年中期報告 ｜ 中國鋁罐控股有限公司 02 公司資料 | --- | --- | |--------------------------------|----------------------------| | 董事會 | 授權代表 | | 執行董事 | 連運增先生 | | 連運增先生 （主席） | 何詠欣女士 (ACG, ACS (PE)) | | 董江雄先生 | 公司秘書 | | 非執行董事 | 何詠欣女士 (ACG, ACS (PE)) | | 郭德宏先生 | 註冊辦事處 | | 獨立非執行董事 | Windward 3 | | 連達鵬博士 | Reg ...

中國鋁罐控股有限公司 China Aluminum Cans Holdings Limited (於開曼群島註冊成立之有限公司) 股份代號：6898 电 報 2020 | --- | --- | --- | --- | --- | --- | --- | |-------|---------|-----------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | 目 | 錄 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2 | 公司資料 | | | | | | | | | | | | | | | 4 | 主席報告 | | | | | | | 5 | 管理層討論及分析 | | | | | | | 10 | 企業管治報告 | | | | | | | 24 | 環境、社會及管治報告 | | | | | | | 48 | 董事及高級管理層履歷 | | | ...

Revenue and Sales Performance - For the six months ended June 30, 2020, the revenue from aluminum aerosol cans was approximately HKD 98.6 million, a significant decrease of about 21.6% compared to HKD 125.8 million for the same period in 2019[8]. - The number of aluminum aerosol cans sold during the same period was approximately 57.6 million cans, down from 75.2 million cans in 2019, reflecting a decline in sales volume[10]. - Revenue from Chinese customers accounted for 91.1% of total revenue, with sales from this segment decreasing by approximately 22.2% due to the economic slowdown and the impact of the COVID-19 pandemic[11]. - Revenue for the six months ended June 30, 2020, was HKD 98,573,000, a decrease of 21.6% from HKD 125,799,000 in the same period of 2019[48]. - Revenue from continuing operations for the six months ended June 30, 2020, was HKD 98,573,000, a decrease of 21.6% from HKD 125,799,000 in the same period of 2019[66]. Profitability and Financial Performance - Gross profit for the period was approximately HKD 37.0 million, a decrease of about 23.4% from HKD 48.3 million in 2019, leading to a gross margin reduction from 38.4% to 37.5%[13]. - Net profit from continuing operations for the six months ended June 30, 2020, was approximately HKD 14.2 million, a decrease of about 33.8% compared to HKD 21.5 million for the same period in 2019[18]. - Profit before tax from continuing operations was HKD 18,891,000, a decline of 32.7% compared to HKD 28,049,000 in 2019[48]. - Total comprehensive income for the period was HKD 7,302,000, significantly lower than HKD 36,256,000 in the same period last year[49]. - The company reported a profit attributable to owners of approximately HKD 14.2 million for the six months ended June 30, 2020, resulting in basic and diluted earnings per share of HKD 0.016 and HKD 0.010, respectively[39]. Costs and Expenses - The cost of sales for the six months ended June 30, 2020, was approximately HKD 61.6 million, representing about 62.5% of revenue, a slight increase of 0.9% compared to 61.6% in 2019[12]. - Sales and distribution expenses for the six months ended June 30, 2020, were approximately HKD 3.7 million, a decrease of about 28.8% compared to HKD 5.2 million for the same period in 2019[15]. - Administrative expenses for the six months ended June 30, 2020, were approximately HKD 10.0 million, down about 18.7% from HKD 12.3 million in the same period of 2019[16]. - Financing costs for the six months ended June 30, 2020, were approximately HKD 66,000, a decrease of about 32.0% from HKD 97,000 in the same period of 2019[17]. - The total tax expense from continuing operations for the period was HKD 4,648,000, a decrease from HKD 14,465,000 in the previous year[70]. Cash Flow and Financial Position - Cash and cash equivalents increased to HKD 74,096,000 from HKD 51,698,000 at the end of 2019, reflecting a positive cash flow[51]. - The company reported a net cash inflow from operating activities of HKD 23,687,000, a decrease from HKD 50,292,000 in the same period of 2019, reflecting a decline of approximately 53%[58]. - The net cash flow from financing activities was HKD 6,557,000, a significant improvement compared to a net cash outflow of HKD 194,878,000 in the previous year[66]. - The company reported a net cash inflow of HKD 25,781,000 for the period, contrasting with a net outflow of HKD 163,476,000 in the previous year[66]. - As of June 30, 2020, the group held net current assets of approximately HKD 97.0 million, compared to HKD 84.0 million as of December 31, 2019[20]. Investments and Capital Expenditures - The company plans to continue diversifying its product offerings while leveraging strong R&D capabilities to develop high-margin, high-demand new products[9]. - Further investments will be made to introduce automation systems and upgrade existing production facilities to enhance product quality and production efficiency[9]. - The company plans to establish a new R&D laboratory, with HKD 12 million allocated, of which HKD 3.3 million has been utilized by June 30, 2020[30]. - Capital commitments as of June 30, 2020, were approximately HKD 2.4 million, an increase from HKD 1.7 million as of December 31, 2019[31]. - The company acquired assets at a cost of HKD 4,751,000 during the six months ended June 30, 2020, compared to HKD 8,492,000 in the same period of 2019[75]. Shareholder and Equity Information - The company issued HKD 780 million convertible bonds to finance the acquisition of Topspan Holdings Limited, with a conversion price adjusted from HKD 1.08 to HKD 0.46 per share[34]. - If all convertible bonds are exercised, the total number of issued shares would increase by 494,228,072 shares, representing approximately 54.81% of the issued share capital as of June 30, 2020[36]. - The company declared dividends of HKD 20,452,000 for the period, compared to HKD 20,959,000 in the previous year, indicating a decrease of approximately 2.4%[56]. - The interim dividend declared for the six months ended June 30, 2020, is HK$0.23 per share, down from HK$0.42 per share for the same period in 2019[122]. - The total number of issued shares as of June 30, 2020, was 901,785,000, with the percentage of shares held by the ultimate shareholder amounting to 73.25%[98]. Employee and Management Information - The group had approximately 271 employees as of June 30, 2020, down from 277 employees as of December 31, 2019[28]. - Total remuneration paid to key management personnel for the six months ended June 30, 2020, was HKD 2,767,000, a decrease of 39.5% compared to HKD 4,569,000 in 2019[88]. - The company’s key management personnel received a total of HKD 1,516,000 in bonuses for the six months ended June 30, 2020, down from HKD 2,614,000 in the previous year[88]. Corporate Governance and Compliance - The Audit Committee reviewed the financial statements for the six months ended June 30, 2020, and recommended their adoption by the Board[114]. - The company has complied with the Corporate Governance Code, except for the provision that the roles of Chairman and CEO should be separate[119]. - The Risk Management Committee reviewed the hedging policies related to aluminum ingot procurement and foreign currency forward contracts, confirming compliance[117]. - The company has established a Remuneration Committee to provide recommendations on the remuneration policies for all directors and senior management[115]. - The Nomination Committee is responsible for reviewing the board structure and ensuring a balanced mix of skills and experience among board members[116].

501日 年 報 中國鋁罐控股有限公司 China Aluminum Cans Holdings Limited (於開曼群島註冊成立之有限公司) 股份代號：6898 目 錄 2 公司資料 4 主席報告 5 管理層討論及分析 10 企業管治報告 24 環境、社會及管治報告 45 董事及高級管理層履歷 49 董事會報告 62 獨立核數師報告 66 綜合損益及其他全面收益表 67 綜合財務狀況表 69 綜合權益變動表 71 綜合現金流量表 73 財務報表附註 136 財務摘要 公司資料 02 鍾詒杜先生（主席） 郭德宏先生 連達鵬博士 葉偉文先生 | --- | --- | |-----------------------|----------------------------------------| | 董事會 | 授權代表 | | 執行董事 | 連運增先生 | | 連運增先生 （主席） | 何詠欣女士 (ACIS, ACS (PE)) | | 董江雄先生 | | | 非執行董事 | 公司秘書 何詠欣女士 (ACIS, ACS (PE)) | | 郭德宏先生 | | | 獨立非執行董事 | 註冊辦事處 | ...

中國鋁罐控股有限公司 China Aluminum Cans Holdings Limited (於開曼群島註冊成立之有限公司) 股份代號：6898 2019 中期報告 公司資料 2 業務回顧 4 管理層討論及分析 5 中期簡明綜合財務報表審閱報告 11 中期簡明綜合損益及其他全面收益表 12 目錄 中期簡明綜合財務狀況表 14 中期簡明綜合權益變動表 16 中期簡明綜合現金流量表 18 中期簡明綜合財務報表附註 20 其他資料 34 I i i .75 02 中國鋁罐控股有限公司 ｜ 二零一九年中期報告 公司資料 | --- | --- | |---------------------|-------| | | | | 執行董事 | | | 連運增先生 （主席） | | | 董江雄先生 | | | 非執行董事 | | | 郭德宏先生 | | | 獨立非執行董事 | | | 連達鵬博士 | | | 郭楊女士 | | | 鍾詒杜先生 | | | 葉偉文先生 | | 董事會轄下委員會 審核委員會 葉偉文先生（主席） 連達鵬博士 郭楊女士 鍾詒杜先生 薪酬委員會 郭楊女士（主席） 連運增先生 郭德宏先生 連達鵬博士 ...

Financial Performance - The total revenue for the year ended December 31, 2018, was approximately HKD 861.5 million, an increase of about 14.0% compared to HKD 756.1 million in 2017[10] - The net profit for the year was approximately HKD 85.4 million, up about 16.7% from HKD 73.2 million in the previous year[10] - The group's revenue increased by approximately 14.0% compared to the same period in 2017, with aluminum aerosol can sales generating about HKD 250.7 million and aerosol and non-aerosol products generating about HKD 610.9 million[19] - Revenue from aerosol and non-aerosol products increased by approximately 17.8% compared to 2017, rising from HKD 518.4 million to HKD 610.9 million[22] - Sales from overseas customers saw a significant increase of approximately 49.2%, contributing HKD 233.8 million to total revenue, up from HKD 156.7 million in 2017[25] - The group's total sales cost was approximately HKD 594.4 million, representing about 69.0% of total revenue, a slight decrease from 69.7% in 2017[26] - The group's net profit for the period was approximately HKD 85.4 million, an increase of about 16.7% from HKD 73.2 million in 2017, with a net profit margin of approximately 9.9%[29] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.0218 per share, compared to HKD 0.0107 per share in 2017[11] - The company has adopted a dividend policy prioritizing cash dividends, with decisions based on financial performance, operational needs, and other relevant factors[110] Strategic Initiatives - The company aims to enhance its market position by focusing on customer needs, increasing R&D investment, and developing high-demand, high-value products[15] - The company plans to strengthen its brand penetration in China and expand its international market presence in the Asia-Pacific region[15] - The company recognizes the strategic opportunities presented by the "Belt and Road" initiative, which could enhance the aerosol industry in related countries[12] - The company plans to continue developing high-margin, high-demand new products while optimizing internal resources and investing in automation systems to enhance product quality and production efficiency[20] Acquisitions and Investments - The company acquired a 70% stake in a cosmetics aerosol can filling company, which was approved by independent shareholders on January 10, 2018, and completed on March 29, 2018[12] - The acquisition of 70% of the issued share capital of Guangzhou Eurasia Aerosol and Daily Chemical Products Manufacturing Co., Ltd. was completed for a cash consideration of HKD 90 million[51] - The acquisition of Guangdong Eurasia Packaging Co., Ltd. was completed on March 29, 2018, with a cash consideration of €5,969,100 (approximately HKD 54.7 million) for a new automated production line using digital printing technology[53] - The group had no major investments during the reporting period, consistent with the previous year[43] Corporate Governance - The board consists of four executive directors, one non-executive director, and four independent non-executive directors, ensuring high independence and effective decision-making[65] - The company has adopted and complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are held by the same individual[57] - Independent non-executive directors possess extensive expertise in accounting, finance, law, and business, ensuring high-quality independent opinions and judgments[61] - The company has maintained compliance with the listing rules regarding the independence of its board members, with independent non-executive directors constituting over one-third of the board[65] - The company has established a robust governance framework to ensure balanced power and effective oversight of its operations[64] Risk Management - The risk management committee is responsible for evaluating and monitoring significant risks, ensuring effective risk management systems are in place[113] - The company has established a structured process for risk identification, considering both internal and external factors[120] - The board is responsible for approving the group's risk management strategies and policies[118] - The company emphasizes the importance of risk management for achieving long-term sustainable growth[113] Environmental Initiatives - The company has focused on monitoring environmental safety standards and has implemented measures to reduce emissions, including the use of low VOC paints and advanced dust control systems[132] - The company has achieved a 10% reduction in raw material usage through the application of aluminum can wall thickness technology, earning recognition with a patent gold award in Zhongshan City[152] - The company has converted its production line heating from electric to natural gas, resulting in an average energy saving of approximately 12.2%, with a reduction in natural gas usage of about 110,000 cubic meters[153] - The company has established an environmental management system certified to ISO 14001 for both aerosol and non-aerosol product production[143] Employee Welfare - The company actively participates in charitable activities and provides paid leave and bonuses to encourage employee involvement in public welfare[185] - The company provides breakfast for employees and conducts annual health checks to ensure their well-being[185] - The company has established a salary management system to further motivate employees and enhance work enthusiasm[185] Board Composition and Diversity - The board's composition includes members with diverse expertise, which is expected to drive better decision-making and strategic direction[200] - The company has a formal nomination policy to enhance board diversity and governance standards[77] - The board members possess extensive knowledge in manufacturing, international trade, finance, and corporate management, contributing to the company's growth[76]