Annual Report 2020

MANAGEMENT DISCUSSION AND ANALYSIS 管理層論述及分析 30 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 毛利 本集團來自持續經營業務之毛利比去年上升 4.3% 至港幣 394,322,000 元（二零一九年：港 幣 377,944,000 元），主要是由於鋼簾線分部的 毛利上升所致。於本年度本集團來自持續經營 業務之毛利率亦比去年同期上升 1.7 個百分點 至 19.3% 。於本年度本集團來自持續經營業務 之毛利明細如下： 分銷及銷售費用 於本年度本集團來自持續經營業務之分銷及銷 售費用報港幣 84,149,000 元（二零一九年：港 幣 90,033,000 元），比去年減少 6.5% ，主要是 由於鋼簾線分部的出口銷售下降。 行政費用 於本年度本集團來自持續經營業務之行政費 用報港幣 55,956,000 元（二零一九年：港幣 54,429,000 元），比去年上升 2.8% ，該增加主 要是由於在二零一九年八月滕州東方收到土地 使用權證，因此本年度土地之攤銷費用及相關 行政費用增加。 Gross profit Gross profit for the continuing operations of the Group increased by 4.3% over last year’s to HK$394,322,000 (2019: HK$377,944,000), which was mainly due to the increase of gross profit of steel cord segment. Gross profit margin for the continuing operations of the Group also increased by 1.7 percentage points to 19.3% for the year as compared to that of last year. The breakdown of gross profit for the continuing operations of the Group for the year is as follows: Year ended 31 December 截至十二月三十一日止年度 2020 2019 二零二零年 二零一九年 HK$’000 Gross profit margin (%) HK$’000 Gross profit margin (%) % change 港幣千元 毛利率 (%) 港幣千元 毛利率 (%) 變動 (%) Steel cord 鋼簾線 392,932 19.3 376,502 17.6 +4.4 Property rental 物業租賃 1,390 93.0 1,442 99.4 –3.6 Total 總計 394,322 19.3 377,944 17.6 +4.3 Distribution and selling expenses Distribution and selling expenses for the continuing operations amounted to HK$84,149,000 (2019: HK$90,033,000) for the year, decreased by 6.5% over last year’s, mainly due to the decrease in export sales of steel cord segment. Administrative expenses Administrative expenses for the continuing operations amounted to HK$55,956,000 (2019: HK$54,429,000) for the year, increased by 2.8% as compared to last year. This increase was primarily due to the land use right certificates received by TESC in August 2019, thus the amortisation of land use rights and the related administrative expenses for the year increased.