Annual Report 2018

16 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 CHAIRMAN’S STATEMENT 董事長報告書 Dear Shareholders, RESULTS FOR THE YEAR On behalf of the fellow members of the Board, I am pleased to present the audited annual results of the Group for the year ended 31 December 2018. For the year ended 31 December 2018, the trade war has increased the uncertainty in global economic growth and as such the economic sentiment has been under significant pressure. As for China, its economy grew at its slowest pace in 28 years in 2018, the annual growth rate of GDP fell to 6.6%, down 0.2 percentage point from that of the previous year. Fixed-asset investment, including construction of plants and condominiums, rose 5.9%, contracting from the previous year of a 7.2% increase. Other discernible slow down occurred in infrastructure investment which grew at a meagre 3.8%, down markedly from the previous year’s 19% increase. The most dampening of all was the growth rate of automobile sales in China fell into negative territory for the first time since 1990. In addition, unilateralism and trade protectionism prevailed which hampered export growth rate. Notwithstanding the above adversities, the Group’s revenue amounted to HK$2,254,170,000, representing a slight growth of 6.7% from the previous year (2017: HK$2,113,258,000), attributable to the great effort made by our sales team. We were able to raise average selling price on top of increasing sales tonnage while the procurement cost of our principal raw material, wire rod dropped during the year. The Group’s gross profit margin increased by 2.6 percentage points to 11.9%. As a consequence of the increase in gross profit margin, the Group generated operating profit of HK$89,404,000 when comparing with operating loss of HK$44,979,000 last year. However, the Group recorded net loss of HK$8,681,000, decreased by HK$49,837,000 when compared to last year due to a net foreign exchange loss of HK$20,771,000 during the year. The Group’s net asset value was HK$0.696 per Share at 31 December 2018, decreased by 3.8% as compared to HK$0.724 at the end of 2017. The Group narrowed its loss per Share of HK0.45 cents for the year when compared to that of HK3.56 cents for the previous year. 致列位股東： 本年度業績 本人謹代表董事會成員欣然提呈本集團截至二 零一八年十二月三十一日止年度之經審核年度 業績。 截至二零一八年十二月三十一日止年度，貿易 戰增加全球經濟增長的不確定性，景氣度顯著 承壓。至於中國，於二零一八年其經濟增長速 度為二十八年來的最低水平， GDP 年增長率 下降至 6.6% ，比上年下降 0.2 個百分點。包括 建設工廠和公寓在內的固定資產投資增長由去 年增長 7.2% 收窄為 5.9% 。其他明顯放緩出現 在基礎設施投資上，其僅增長 3.8% ，與去年 增長 19% 相比顯著下降。最令人遺憾的是， 中國汽車銷售增長率自一九九零年以來首次降 至負值。此外，單邊主義和貿易保護主義盛 行，阻礙了出口增長率。 儘管存在上述逆境，基於我們的銷售團隊 作出了巨大努力，本集團營業額報港幣 2,254,170,000 元，較去年（二零一七年：港 幣 2,113,258,000 元）略微增長 6.7% 。當我們 的主要原材料，盤條的採購成本於本年度下降 時，我們除了能增加銷售量，還能夠提高平均 銷售價格。本集團的毛利率上升 2.6 個百分點 至 11.9% 。由於毛利率上升，本集團錄得經營 溢利港幣 89,404,000 元，相對去年則為經營 虧損港幣 44,979,000 元。然而，由於本年度 錄得外幣匯兌淨虧損港幣 20,771,000 元，令 本集團錄得淨虧損港幣 8,681,000 元，但較去 年減少港幣 49,837,000 元。 於二零一八年十二月三十一日，本集團的資產 淨值為每股港幣 0.696 元，較二零一七年底的 港幣 0.724 元減少 3.8% 。與去年每股虧損港幣 3.56 仙相比，本集團於本年度每股虧損縮窄至 港幣 0.45 仙。