PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 股份代號：1820 （於開曼群島註冊成立的有限公司） 年報 2024 目 錄 目 錄 2 公司資料 3 主席報告 5 管理層討論及分析 10 董事及高級管理層履歷 13 董事會報告 25 企業管治報告 34 獨立核數師報告 38 綜合全面收益表 39 綜合財務狀況表 41 綜合權益變動表 43 綜合現金流量表 45 綜合財務報表附註 98 五年財務概要 公司資料 董事會 執行董事 鄭顯俊先生 （主席） 談大成先生 非執行董事 周天力先生（於2024 年 6 月18日辭任） 獨立非執行董事 王計生先生 江天錫先生 蘇崇武博士 朱纓女士（於2024 年10 月21日獲委任） 審核委員會 江天錫先生 （主席） 周天力先生（於2024 年 6 月18日起不再擔任） 蘇崇武博士 王計生先生 薪酬委員會 王計生先生 （主席） 鄭顯俊先生 蘇崇武博士 提名委員 鄭顯俊先生 （主席） 王計生先生 江天錫先生 環保委員會 蘇崇武博士 （主席） 鄭顯俊先生 江天錫先生 公司秘書 傅嬋逸女士 核數師 香港立信德豪會計師事務所有限公司 執業 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 國 際 濟 豐 包 裝 集 團 承董事會命 國際濟豐包裝集團 主席 鄭顯俊 香港，2025年3月26日 於本公告日期，執行董事為鄭顯俊先生及談大成先生；及獨立非執行董事為王計生先生、江天錫先生、蘇崇 武博士及朱纓女士。 茲提 述國際濟 豐包裝 集團（「本公 司」， 連同其 附屬公司 為「 本集團」）日期為2025 年3 月25 日 的有關已刊發之截至2024年12月31日止年度的未經審核年度業績公告（「年度業績公告」）。 除另有指明外，本公告所用詞彙與年度業績公告所界定者具有相同涵義。 本 公 司 謹 此 澄清 ， 由 於 無 心 之 失 ， 年 度 業績 公 告 第 23 頁 中 標 題為「 為 釐 定獲 派 發 特 別 股 息 的 權 利 而 暫 停 辦 理 股 份 過 戶 登 記 手 續」段 落 的 第 ...

國 際 濟 豐 包 裝 集 團 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 （ 於開曼群島註冊成立的有限公司） （股份代號：1820） PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 截至2024年12月31日止年度的 全年業績公告 | 全年業績摘要 | | | | | --- | --- | --- | --- | | | 2024年 | 2023年 | 2024年對比 | | | 人民幣千元 | 人民幣千元 | 2023年 | | 營業收入 | 2,132,395 | 2,002,406 | 6.5% | | 毛利 | 324,104 | 341,418 | – 5.1% | | 年內（虧損）╱溢利 | (19,374) | 22,414 | (186.4 %) | | 每股（虧損）╱盈利（人民幣）—基本 | (6)分 | 7分 | (185.7 %) | 末期股息及特別股息 董事會 ...

llennium PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 國際濟豐包裝集團 (於開曼群島註冊成立的有限公司) 股份代號：1820 中期報告 2024 2 公司資料 4 財務摘要 5 管理層討論及分析 15 企業管治和其他資料 17 19 簡明綜合全面收益表 20 簡明綜合財務狀況表 22 簡明綜合權益變動表 23 簡明綜合現金流量表 24 Interim Report 2024 1 目 錄 簡明綜合中期財務報表 審閱報告 簡明綜合中期財務報表附註 公司資料 | --- | --- | |----------------------------------------------------|-------------------------------------------------------------------------------| | | | | 董事會 | 環保委員會 | | 執行董事 | 蘇崇武博士 （主席） | | 鄭顯俊先生 （主席） 談大成先生 | 鄭顯俊先生 江天錫先生 | | 非執行董事 | 公司秘書 | | 周天力先生（於 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容而引致 的任何損失承擔任何責任。 PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 國 際 濟 豐 包 裝 集 團 （ 於開曼群島註冊成立的有限公司） （股份代號：1820） 截至2024年6月30日止六個月 的未經審核中期業績公告 特別股息 及 暫停辦理股份過戶登記手續 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company reported sales of RMB 3,110 million for the year, an increase from RMB 2,829 million in the previous year[60]. - The company recognized revenue of RMB 2,829 million from contracts that were recorded as contract liabilities at the beginning of the year, down from RMB 3,744 million[61]. - The company reported a total comprehensive income of RMB 49,455,000 for the year 2023, compared to RMB 60,758,000 in 2022, showing a decrease of about 18.5%[75]. - The company paid dividends totaling RMB 43,087,000 in 2023, compared to RMB 40,637,000 in 2022, reflecting an increase of approximately 6.0%[75]. Assets and Liabilities - The net book value of right-of-use assets as of December 31, 2023, is RMB 300,065,000, an increase of 4.8% from RMB 286,644,000 in 2022[1]. - The net book value of properties, plants, and equipment as of December 31, 2023, is RMB 31,456,000, down from RMB 34,847,000 in 2022, a decrease of 6.9%[5]. - As of December 31, 2023, accounts payable amounted to RMB 202,234,000, an increase of 7.4% from RMB 187,549,000 in 2022[18]. - The total liabilities, including bank loans and other borrowings, decreased from RMB 348,340,000 in 2022 to RMB 335,577,000 in 2023, reflecting a reduction of 3.7%[24]. - The company’s total current liabilities were RMB 307,608,000, down from RMB 348,340,000 in the previous year, indicating a decrease of 11.7%[24]. Cash Flow and Financing - The total cash outflow for leases during the year was RMB 44,656,000, down 48.3% from RMB 86,318,000 in 2022[1]. - The group reported financing cash flow changes totaling RMB (55,738,000) for the year, with significant repayments of bank loans amounting to RMB 415,339,000[91]. - The total cash flow from financing activities showed a net outflow, indicating a strategic focus on debt repayment and financial management[91]. - The company reported a financing cash flow change total of RMB (87.7 million) for the year ending December 31, 2023[122]. Tax and Deferred Tax - The group has unutilized tax losses of approximately RMB 89,368,000 as of December 31, 2023, compared to RMB 76,404,000 in 2022, indicating an increase of 16.5%[7]. - The group has confirmed deferred tax assets of RMB 66,995,000 as of December 31, 2023, up from RMB 55,224,000 in 2022, reflecting an increase of 21.1%[8]. Credit Risk and Receivables - The credit risk associated with accounts receivable from the top five customers accounts for 16% of total receivables, an increase from 14% in 2022[137]. - The expected credit loss rate for accounts receivable overdue by 1 to 90 days is 0.25%, while for those overdue by 91 to 180 days, it is 3.84%[139]. - The total expected credit loss for the group as of December 31, 2023, is RMB 5,118 thousand, with a total carrying value of RMB 535,425 thousand[139]. - The total amount of accounts receivable without credit impairment at the end of the reporting period was RMB 576,224 thousand, with a credit loss of RMB 5,879 thousand[178]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[169]. - The board is responsible for reviewing and monitoring the company's governance and compliance policies[174]. - The company will continue to review and enhance its corporate governance practices to ensure compliance with the governance code[169]. Management and Remuneration - The total remuneration for key management personnel increased to RMB 6,750,000 in 2023, up from RMB 4,931,000 in 2022, reflecting a growth of approximately 37%[86]. - The company has established a remuneration committee to review and recommend compensation policies for directors and senior management based on performance and market practices[54]. Shareholder Information - As of December 31, 2023, PMHC holds a beneficial ownership of 198,522,200 shares, representing 66.03% of the total shares[99]. - Jinfu Investment Limited and its controlled entities collectively hold 200,752,200 shares, accounting for 66.78% of the total shares[99]. - The company has not entered into any equity-linked agreements that would lead to the issuance of shares during the year[103]. Lease Liabilities - The lease liabilities as of December 31, 2023, amounted to RMB 329,352,000, an increase from RMB 315,166,000 in 2022, reflecting a growth of approximately 4%[68]. - The minimum lease payments for the next year are RMB 51,998,000, compared to RMB 45,606,000 in the previous year, indicating an increase of about 14%[68]. Interest Expenses - The interest expense for lease liabilities in 2023 was RMB 16,715,000, up from RMB 14,722,000 in 2022, representing an increase of approximately 13.5%[70]. - The interest expenses for bank loans amounted to RMB 12,169,000 during the year[91]. Future Commitments - As of December 31, 2023, the total capital commitment for the acquisition of property, plant, and equipment amounted to RMB 50,345,000, a significant increase from RMB 1,115,000 in 2022[87]. - The group entered into a financing lease agreement for property and machinery with a total value of RMB 30,420,000, which remains undelivered as of December 31, 2023[85].

國際會計準則第21號（修訂本）— 缺乏可互換性 國際會計準則理事會頒佈缺乏可互換性對國際會計準則第21號匯率變動的影響進行修訂（ 修訂本）。 該修訂本乃由於國際財務報告準則詮釋委員會（ 該委員會）收悉有關於長期缺乏可互換性時如何釐定 匯率之資料而產生。於該修訂本之前，國際會計準則第21號並無就當貨幣不可互換為另一種貨幣時 匯率的釐定進行明確規定，導致做法存在差異。 該修訂本引入規定以評估一種貨幣何時可互換為另一種貨幣及何時不可。該修訂本要求實體於得出 貨幣不可互換為另一種貨幣的結論時估計即期匯率。 本集團預期採納有關修訂本不會對該等綜合財務報表產生任何重大影響。 國際財務報告準則第16號（修訂本）— 售後回租中的租賃負債 國際財務報告準則第16號（ 修訂本）明確指出賣方承租人在計量售後回租交易中產生的租賃負債時使 用 的 規 定 ， 以 確 保 賣 方 承 租 人 不 確 認 與 其 保 留 的 使 用 權 有 關 的 任 何 收 益 或 虧 損 金 額 。 該 修 訂 本 在 2024年1月1日或之後開始的年度期間生效，並須追溯應用於在首次應用國際財務報告準則第16號當 日（ 即2019年1月1日）之後進行 ...

2023 PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION Interim Report 2023 INTERIM REPORT 中期報告 PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION （於開曼群島註冊成立的有限公司） 股份代號：1820 中期報告 2023 (Incorporated in the Cayman Islands with limited liability) Stock code : 1820 x D KD e 目 錄 2 4 公司資料 財務摘要 管理層討論及分析 5 15 企業管治和其他資料 17 簡明綜合中期財務報表 審閱報告 19 22 23 24 | --- | --- | |--------------------------------|----------------------------------| | 董事會 | 環保委員會 | | 執行董事 | 蘇崇武博士 （主席） | | 鄭顯俊先生 （主席） 談大成先生 | 鄭顯俊先生 江天錫先生 | | 非執行董事 | 公司秘書 | | ...

Financial Performance - The company recorded revenue of approximately RMB 946.7 million for the period, a decrease of about RMB 115.8 million or approximately 10.9% compared to the same period last year[6]. - The net profit attributable to equity holders was approximately RMB 3.7 million, down about 58.4% from approximately RMB 8.9 million in the same period last year[17]. - The company's revenue for the six months ended June 30, 2023, was RMB 946.72 million, a decrease of 10.9% from RMB 1,062.50 million in the same period of 2022[31]. - Gross profit for the same period was RMB 158.11 million, slightly down from RMB 160.87 million, resulting in a gross margin of approximately 16.7%[31]. - The company reported a decrease in sales and distribution expenses to RMB 59.15 million from RMB 56.35 million, reflecting a rise of 5.1%[31]. - The total comprehensive income for the period was RMB 1.70 million, down from RMB 4.01 million in the same period of 2022[31]. - The company reported a net profit of RMB 3.7 million for the six months ended June 30, 2023, compared to RMB 8.9 million for the same period in 2022[47]. - The group's net profit attributable to shareholders was approximately RMB 3.7 million, a decrease of about 58.4% from approximately RMB 8.9 million in the same period last year, resulting in a net profit margin decrease from 0.8% to 0.4%[107][108]. Cash Flow and Investments - Cash inflow from operating activities was RMB 115.2 million, down from RMB 161.0 million in the same period last year[12]. - Cash used in investing activities decreased to RMB 6.5 million from RMB 44.3 million in the same period last year, primarily due to equipment purchases for existing factories[13]. - The company’s cash and cash equivalents at the end of the period were RMB 140.9 million, an increase from RMB 118.4 million at the end of the same period last year[12]. - Operating cash flow net amount was approximately RMB 115.2 million, a decrease of about RMB 45.8 million compared to RMB 161.0 million in the same period last year[86]. - As of June 30, 2023, the company's bank deposits amounted to RMB 10,446,000, compared to RMB 42,274,000 on December 31, 2022[70]. Dividends and Shareholder Returns - The company announced a special dividend of HKD 0.08 per share, expected to be paid around December 15, 2023[15]. - The company did not declare any interim dividends for the period[17]. - The company approved a final dividend of RMB 21,063,000 at the annual general meeting held on June 21, 2023, compared to RMB 19,555,000 for the final dividend in 2022[74]. Cost and Expenses - The cost of goods sold for the period was RMB 788.6 million, a decrease from RMB 901.6 million in the same period last year[5]. - Sales and distribution expenses increased by approximately 5.2% to about RMB 59.2 million from RMB 56.3 million in the same period last year, mainly due to increased sales expenses from new plants[81]. - Administrative expenses for the period were approximately RMB 77.1 million, a decrease of about 4.0% from approximately RMB 80.3 million in the same period last year, mainly due to enhanced cost control measures[105]. Market and Operational Insights - The company operates primarily in China, generating over 90% of its revenue and identifiable assets from this market[40]. - The group maintained a cautious optimism regarding performance recovery in the second half of 2023, considering the impact of the traditional peak season and the end of three years of pandemic control measures in the first half of 2023[102]. - The company has maintained its focus on optimizing customer order structures and enhancing technological and service upgrades to drive new growth[54]. - The group will continue to closely monitor market conditions and take appropriate measures to respond to ongoing market changes[102]. Accounting and Compliance - The company continues to apply the same accounting policies as in the previous financial year, with no early adoption of new or revised International Financial Reporting Standards[34]. - The company's actual tax rate for the period was 59.8%, compared to 37.3% in the same period last year[83]. - The average credit period for goods sales is between 30 to 120 days from the invoice date[68]. - The company had no significant contingent liabilities as of June 30, 2023[88]. - The average effective annual interest rate on bank loans during the period ranged from 3.52% to 3.90%, compared to 3.85% to 3.90% in the same period last year[97]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[118].

llennium PACIFIC MILLENNIUM PACKAGING GROUP CORPORATION 國際濟豐包裝集團 (於開曼群島註冊成立的有限公司) 股份代號：1820 | --- | --- | --- | --- | |-------|---------------------------------|-------|-------| | | | | | | | | | | | 2 3 | 公司资料 主席報告 | | | | 4 | 管理層討論及分析 | | | | 8 | | | | | 11 | 董事及高級管理層履歷 董事會報告 | | | | | | | | | 23 | 企業管治報告 | | | | 31 | 獨立核數師報告 | | | | 35 | 綜合全面收益表 | | | | 36 | 綜合財務狀況表 | | | | 38 | 綜合權益變動表 | | | | 40 | 綜合現金流量表 | | | | 42 | 綜合財務報表附註 | | | | 98 | 五年財務概要 | 1 | | | --- | --- | |--------------------------------- ...