E-COMMODITIES：2022ANNUALREPORT.pdf

1、Chairmans Statement2Management Discussion and Analysis of Financial Conditions and Operating Results5Profile of Directors and Senior Management26Corporate Governance Report30Report of the Directors44Independent Auditors Report60Consolidated Statement of Profit or Loss68Consolidated Statement of Prof

2、it or Loss and Other Comprehensive Income70Consolidated Statement of Financial Position71Consolidated Statement of Changes in Equity73Consolidated Cash Flow Statement75Notes to the Financial Statements78Definitions169Five-Year Financial Summary174Company Information175CONTENTS2E-COMMODITIES HOLDINGS

3、 LIMITEDANNUAL REPORT 2022Chairmans StatementDear Shareholders and colleagues,Looking back at 2022,we forged ahead energetically and courageously in a complex and volatile market.Due to the complex and ever-changing international situation,the frequent occurrence of black swan events,coupled with th

4、e impact of pandemic resurgence and real estate policies in China,the coking coal market transformed from strong supply and weak demand to weak supply and demand in 2022,the raw material inventory of downstream coking steel enterprises remained at a low level,the price of coking coal fluctuated wide

5、ly in the supply and demand game and shifted downwards.Facing such unexpected challenges,the Company benefited from the strategic advantages in its business layout,parallelly employed the eastern and western resource channels,simultaneously developed trading and integrated supply chain services,and

6、finally achieved an annual revenue of HK$34,414 million and a net profit of HK$1,705 million,respectively.In 2022,with the development of the Russia-Ukraine conflict,the import pattern of coking coal was reshaped.Mongolia and Russia emerged as the primary exporters of coking coal to China,from which