E-COMMODITIES：2023ANNUALREPORT.pdf

1、股份代號：1733Annual Report 2023年報Chairmans Statement2Management Discussion and Analysis of Financial Conditions and Operating Results5Profile of Directors and Senior Management24Corporate Governance Report29Report of the Directors43Independent Auditors Report58Consolidated Statement of Profit or Loss66C

2、onsolidated Statement of Profit or Loss and Other Comprehensive Income68Consolidated Statement of Financial Position69Consolidated Statement of Changes in Equity71Consolidated Cash Flow Statement73Notes to the Financial Statements76Definitions167Five-Year Financial Summary172Company Information173CO

3、NTENTS2E-COMMODITIES HOLDINGS LIMITEDANNUAL REPORT 2023Chairmans StatementDear Shareholders and colleagues,In 2023,the coking coal market showed a trend of initial suppression and then followed by a rebound.During the first half year,there was a generally ample supply of coking coal,but the maintena

4、nce and decreased production in steel mills led to a decline in demand;thus,the imbalance of the demand and supply resulted in a downward pressure on coal prices.By contrast,in the second half of the year,the demand entered a seasonal inventory replenishment cycle resulting in rebounding procurement

5、 by the downstream purchasers,which led to a resurgence in the coking coal price.In such a volatile market environment,leveraging the strategic,balanced and stable business layout,as well as the dedication of all employees,the Company recorded an operating income of HK$40,587 million and a net profi

6、t of HK$2,194 million for the year of 2023,representing a year-on-year increase of 17.94%and 28.68%as compared with the year of 2022,respectively.The year 2023 marked a breakthrough in the imported coking coal market in China.According to relevant customs data,China imported a total volume of 102.51