1、2020Annual Report年報Annual Report 年報 2020Contents 目錄Chairman Statement 主席報告23Management Discussion and Analysis of the Group Financial Review 本集團之管理層討論及分析財務回顧48Corporate Governance Report 企業管治報告927Biographical Details of Directors 董事履歷詳情2831Directors Report 董事會報告書3244Independent Auditors Report 獨立核數師
2、報告書4553Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收入報表5455Consolidated Statement of Financial Position 綜合財務狀況報表5657Consolidated Statement of Changes in Equity 綜合權益變動報表5859Consolidated Statement of Cash Flows 綜合現金流量表6061Notes to the Consolidated Financial Stateme
3、nts 綜合財務報表附註62194Financial Information of Five Years 五年財務概要195Corporate Information 公司資料1962Yuan Heng Gas Holdings Limited 2020 Annual ReportChairman Statement主席報告Dear Shareholders,On behalf of Yuan Heng Gas Holdings Limited(the“Company”,together with its subsidiaries,the“Group”),I would like to pre
4、sent the audited results of the Group for the year ended 31 March 2020 to the shareholders.During the year,slowing global economic growth and continuous international trade tensions,the global demand for oil slowed down and international oil prices remained volatile.The growth of natural gas industr
5、y has also slowed down in China due to the narrowing of increase in“Coal to Gas”.At the beginning of 2020,the outbreak of novel coronavirus disease(“COVID-19”)epidemic resulted in a further slowdown in the global economy.The gross consumption of natural gas in China climbed down with downward pressu
6、re in overall pricing and the international oil price also plunged.Under the strains of the COVID-19 pandemic and intensified competition in the oil and gas market,the Groups business had,during the year,faced hefty challenges.During the financial year,the Group recorded gross amounts from operation