E-COMMODITIES：2020ANNUALREPORT.pdf

1、ANNUAL REPORT 2020年報 2020Annual Report 2020年報股份代號：1733CONTENTSChairmans Statement 2Management Discussions and Analysis of 4 Financial Conditions and Operating ResultsProfile of Directors and Senior Management 23Corporate Governance Report 27Report of the Directors 39Independent Auditors Report 51Con

2、solidated Statement of Profit or Loss 57Consolidated Statement of Profit or Loss and 59 Other Comprehensive IncomeConsolidated Statement of Financial Position 60Consolidated Statement of Changes in Equity 62Consolidated Cash Flow Statement 64Notes to the Financial Statements 67Definitions 162Five-Ye

3、ar Financial Summary 166Company Information 1672E-COMMODITIES HOLDINGS LIMITEDANNUAL REPORT 2020Chairmans StatementDear shareholders and colleagues,In 2020,the downturn of the global economy,together with the spread of the novel coronavirus(“COVID-19”)epidemic all around the world,the change and unc

4、ertainties in the relationship between countries and in the economic landscape,all placed heavy pressure on the global progress of the Companys supply chain of coking coal and other commodities,while at the same time creating more business opportunities.According to the General Administration of Cus

5、toms of China,the total imported coking coal in China amounted to approximately 72.57 million tonnes in 2020,a slight decrease compared to 74.67 million tonnes in 2019.Under a prudent business strategy formulated by the Board and the management of the Company,and the support and effort from all walk

6、s of life and our staff,together by leveraging the seasoned expertise in the commodities market and execution capabilities of our trading team,the Company achieved sales of 17.89 million tonnes of seaborne coking coal,an increase of approximately 2.04 million tonnes compared to the same period last