E-COMMODITIES：INTERIMREPORT2023.pdf

1、Stock Code:17332023INTERIM REPORT21724252628303252Management Discussion and AnalysisOther InformationConsolidated Statement of Profit or LossConsolidated Statement of Profit or Loss and Other Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityC

2、ondensed Consolidated Cash Flow StatementNotes to the Unaudited Interim Financial ReportReview Report to the Board of Directors of E-Commodities Holdings LimitedContentsI.OVERVIEW1H20221H202316,78218,512Revenue(in HK$million)1H20221H20237218952022/12/312023/6/3002,0004,0008,0007,1997,5872022/12/3120

3、23/6/3005,00010,00015,00013,29413,1702,2712,9592022/12/312023/6/30Total Equity(in HK$million)Cash Balance(in HK$million)Total Assets(in HK$million)Net Profit(in HK$million)Supply Chain Trading Volume(million tonnes)1H20221H20234.560.515.077.850.368.21*CoalOthers015,00010,0005,00020,00010050100200300

4、90002,0001,0003,0008006004005007006,000*Excluding trading volume of approximately 4.97 million tonnes of Mongolia coal executed through our associate Xianghui Energy(Xiamen)Co.,Ltd.*(象暉能源(廈門)有限公司)(“Xianghui Energy”).2E-COMMODITIES HOLDINGS LIMITEDINTERIM REPORT 2023Management Discussion and Analysis

5、II.FINANCIAL REVIEW1.Revenue OverviewFor the first half of 2023,the amount of imported coking coal in China increased significantly,leading to a shift towards abundant supply.On the other hand,insufficient downstream demand for restocking led to an imbalanced structure in respect of the demand and s

6、upply of coking coal and the continuous transfer of profits downstream in the ferrous industry chain resulted in a downward trend in the coking coal price during the first half of the year.In such a challenging market,the Company recorded a consolidated revenue of approximately HK$18,512 million,rep