E-COMMODITIES：2021ANNUALREPORT.pdf

1、股份代號：1733Annual Report 2021年報Chairmans Statement 2Management Discussion and Analysis of 5 Financial Conditions and Operating ResultsProfile of Directors and Senior Management 27Corporate Governance Report 31Report of the Directors 43Independent Auditors Report 56Consolidated Statement of Profit or L

2、oss 64Consolidated Statement of Profit or Loss and 66 Other Comprehensive IncomeConsolidated Statement of Financial Position 67Consolidated Statement of Changes in Equity 69Consolidated Cash Flow Statement 71Notes to the Financial Statements 74Definitions 166Five-Year Financial Summary 172Company In

3、formation 1732E-COMMODITIES HOLDINGS LIMITEDANNUAL REPORT 2021Chairmans StatementDear Shareholders and colleagues,2021 was an out of the ordinary and challenging year.The Company was exposed to the ups and downs of the commodities market.In the first three quarters,the market supply and demand were

4、unbalanced,and the price of coking coal rose sharply,which resulted from changes in Chinas coal import policy and the continuous global pandemic outbreak.In the fourth quarter,under the measures taken by the National Development and Reform Commission(NDRC)to ensure the supply and price stability of

5、coking coal,the output of coking coal increased,and the molten iron decreased in the meantime with reduced demands of coking coal,resulting in a downward price of coking coal.Under such volatile market,benefit from the full anticipation of the Companys management and business team,timely adjustment

6、of strategy and innovative business model,the Company recorded annual revenue of HK$41,184 million and net profit of HK$3,495 million.According to the data of the China Customs,in 2021,China imported a total of 54.70 million tonnes of coking coal,representing a significant decrease of 24.62%compared