超威動力定期财报：超威動力：中期報告2019

2CorporateInformation公司資料4ManagementDiscussion&Analysis管理層討論及分析13Directors’Report董事會報告27ReportonReviewofCondensedConsolidatedFinancialStatements簡明綜合財務報表審閱報告29CondensedConsolidatedStatementofProfitorLossandOtherComprehensiveIncome簡明綜合損益表及其他全面收益表30CondensedConsolidatedStatementofFinancialPosition簡明綜合財務狀況表32CondensedConsolidatedStatementofChangesinEquity簡明綜合權益變動表33CondensedConsolidatedStatementofCashFlows簡明綜合現金流量表35NotestotheCondensedConsolidatedFinancialStatements簡明綜合財務報表附註Contents目錄CorporateInformation公司資料2ChaoweiPowerHoldingsLimited/InterimReport2019PLACEOFLISTINGTheStockExchangeofHongKongLimited(the“StockExchange”)STOCKCODE00951BOARDOFDIRECTORSExecutiveDirectorsMr.ZhouMingming(ChairmanandChiefExecutiveOfficer)Mr.ZhouLongruiMs.YangYunfeiMr.YangXinxinNon-executiveDirectorMs.FangJianjunIndependentNon-executiveDirectorsMr.WangJiqiangProf.OuyangMinggaoMr.LeeConwayKongWaiMr.NgChiKitAUDITCOMMITTEEMr.LeeConwayKongWai(Chairman)Mr.WangJiqiangProf.OuyangMinggaoMr.NgChiKitREMUNERATIONCOMMITTEEMr.LeeConwayKongWai(Chairman)Mr.ZhouMingmingMr.WangJiqiangNOMINATIONCOMMITTEEMr.ZhouMingming(Chairman)Mr.WangJiqiangMr.LeeConwayKongWaiCOMPANYSECRETARYMr.LeungWaiYipCPAAUTHORIZEDREPRESENTATIVESMr.ZhouMingmingMr.LeungWaiYipCPAREGISTEREDOFFICEP.O.Box31119GrandPavilionHibiscusWay,802WestBayRoadGrandCayman,KY1-1205CaymanIslands上市地點香港聯合交易所有限公司（「聯交所」）股份代號00951董事會執行董事周明明先生（主席兼行政總裁）周龍瑞先生楊雲飛女士楊新新先生非執行董事方建軍女士獨立非執行董事汪繼強先生歐陽明高教授李港衛先生吳智傑先生審核委員會李港衛先生（主席）汪繼強先生歐陽明高教授吳智傑先生薪酬委員會李港衛先生（主席）周明明先生汪繼強先生提名委員會周明明先生（主席）汪繼強先生李港衛先生公司秘書梁偉業先生CPA授權代表周明明先生梁偉業先生CPA註冊辦事處P.O.Box31119GrandPavilionHibiscusWay,802WestBayRoadGrandCayman,KY1-1205CaymanIslandsCorporateInformation公司資料3超威動力控股有限公司/2019中期報告中國總辦事處及主要營業地點中國浙江省長興縣畫溪工業園區城南路18號香港主要營業地點香港九龍尖沙咀廣東道28號力寶太陽廣場13樓1308A室主要往來銀行中國建設銀行長興解放東路支行中國銀行長興縣支行法律顧問有關香港法律陸繼鏘律師事務所與摩根路易斯律師事務所聯營有關中國法律錦天城律師事務所有關開曼群島法律康德明律師事務所核數師德勤關黃陳方會計師行，執業會計師香港證券登記處香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712–16室開曼群島股份過戶登記處RoyalBankofCanadaTrustCompany(Cayman)Limited4thFloor,RoyalBankHouse24SheddenRoad,GeorgeTownGrandCaymanKY1-1110,CaymanIslands公司網址HEADQUARTERSANDPRINCIPALPLACEOFBUSINESSINTHEPRCNo.18,ChengnanRoad,HuaxiIndustrialFunctionAreaChangxingCountyZhejiangProvince,PRCPRINCIPALPLACEOFBUSINESSINHONGKONGUnit1308A,13/F,LippoSunPlaza28CantonRoad,TsimShaTsuiKowloon,HongKongPRINCIPALBANKSChinaConstructionBank,ChangxingJieFangDongRoadSub-branchBankofChina,ChangxingCountySub-branchLEGALADVISERSAstoHongKonglawLuk&PartnersinAssociationwithMorgan,Lewis&BockiusAstoPRClawAllbrightLawOfficesAstoCaymanIslandslawConyersDill&PearmanAUDITORSDeloitteToucheTohmatsu,CertifiedPublicAccountantsHONGKONGSHAREREGISTRARComputershareHongKongInvestorServicesLimitedShop1712–16,17thFloorHopewellCentre183Queen’sRoadEastWanchai,HongKongCAYMANISLANDSSHAREREGISTRARANDTRANSFEROFFICERoyalBankofCanadaTrustCompany(Cayman)Limited4thFloor,RoyalBankHouse24SheddenRoad,GeorgeTownGrandCaymanKY1-1110,CaymanIslandsCOMPANYWEBSITEManagementDiscussion&Analysis管理層討論及分析4ChaoweiPowerHoldingsLimited/InterimReport2019ChaoweiPowerHoldingsLimited(the“Company”)anditssubsidiaries(Collectively,the“Group”)ismainlyengagedinthemanufacturingandsalesoflead-acidmotivebatteries,lithium-ionbatteriesandotherrelatedproducts,whichareprimarilyusedinelectricbikes,electrictricyclesandspecial-purposeelectricvehicles,amongothers.Relyingonitsfamous“CHILWEE”brand,advancedproductiontechnologiesandmarket-orientedsalesstrategy,theGrouphascontinuedtomaintainmarketleadership.TheGroupiscommittedtoimprovingtheproductiontechnologiesunderpinningitsbatteryproducts.Throughtechnologicalexchangesandcooperatingwithworld-leadingenterprises,theGrouppursuesresearchanddevelopment(“R&D”)ofbatteryproductswithmoresuperiorperformance,betterenergyefficiencyandmoreeco-friendly,soastoenhanceitscorecompetitivenessforrespondingtothenationalstrategicrequirementsandmarketdemands.ForthePeriod,theGroup’stotalrevenueamountedtoapproximatelyRMB11,711million.Overallgrossprofitmarginwasapproximately12.9%(correspondingperiodof2018:approximately10.9%),representinganincreaseoftwopercentagepoints,primarilyduetocostreduction.ProfitattributabletoownersoftheCompanywasapproximatelyRMB286.0million(correspondingperiodof2018:approximatelyRMB102.4million),representingasurgeof179.3%.EarningspershareamountedtoRMB0.26(correspondingperiodof2018:RMB0.09).INDUSTRYOVERVIEWElectricbikemarketdevelopingsteadilyThePeople’sRepublicofChina(the“PRC”)ranksthetopmanufacturerandsellerofelectricbikesintheworld.Electricbikesareinexpensive,smallinsize,convenientandenergy-efficient,hencetheycontinuetobeanindispensablemeansofdailytransportationinthirdandfourthtiercities,townsandruralareas.AccordingtostatisticsoftheChinaBicycleAssociation,ownershipofelectricbikeshasreachedover250millioninthePRC.And,demandforelectricbikesisexpectedtogrowsteadily.AccordingtothereportofthemarketresearchcompanyFrost&Sullivan(“F&S”),thesalesvolumeofelectricbikesinthePRCisexpectedtogrowatacompoundannualgrowthrate(CAGR)ofapproximately5.2%between2016and2021.超威動力控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）主要從事鉛酸動力電池、鋰離子電池及其他相關產品的製造及銷售，產品主要應用於電動自行車、電動三輪車及特殊用途電動車等。

依託享負盛名的「超威」品牌、先進的生產技術和以市場為導向的銷售策略，本集團繼續保持市場領先地位。

本集團致力提升電池產品的生產技術，通過與世界領先企業進行技術交流和合作，持續研究及開發（「研發」）性能更優越、能效更佳及更環保的電池產品，提升本集團的核心競爭力，以響應國家戰略的要求和迎合市場需求。

於本期間，本集團總收入約人民幣117.11億元。

整體毛利率約為12.9%（二零一八年同期：約10.9%），同比增加兩個百分點，主要由於成本下降令毛利率有所提升所致。

本公司擁有人應佔利潤約為人民幣2.860億元（二零一八年同期：約人民幣1.024億元），同比大增179.3%。

每股基本盈利為人民幣0.26元（二零一八年同期：人民幣0.09元）。

行業回顧電動自行車市場穩定發展中華人民共和國（「中國」）是全球電動自行車生產和銷售第一大國。

電動自行車擁有低成本、體積小、便捷及節能的優勢，持續成為三、四線城鎮及農村不可或缺的代步工具。

根據中國自行車協會數據，國內電動自行車社會保有量已超過2.5億輛。

電動自行車的需求預計將穩定發展，根據市場調研公司弗若斯特沙利文（Frost&Sullivan，簡稱「弗若斯特沙利文」）的報告，預測中國電動自行車的銷售量於二零一六至二零二一年的複合年均增長率約為5.2%。

ManagementDiscussion&Analysis管理層討論及分析5超威動力控股有限公司/2019中期報告ContinuousgrowthindemandforelectrictricyclesWiththeChinesesocietycontinuingtogrowandurbanizationprogressinstablestrides,transportationnetworkimprovingandpercapitaspendinginthecountryrising,marketdemandforvarioustypesofelectricvehicleshaskeptclimbingsteadily.ThePRChasanagingpopulation,pushingupdemandforsmallelectrictricyclesasapreferredtransportofelderly.Developmentofe-commercedrivingtherapidgrowthoftheexpressdeliveryandstorageandlogisticsindustryinthePRChasalsobracedthecontinuousgrowthindemandforlargerelectrictricyclesforshort-haulgoodstransportationaswellaselectricforkliftdemand.Moreover,accordingtothe“ActionPlanforComprehensiv……