ASIAENERGY-NEW：InterimReport2019.pdf

1、Contents02Management Discussion and Analysis02 Business Review07 Prospects08 Financial Review19 Employees20 Change in Directorship20 Subsequent Events22Corporate Governance and Other Information22 Corporate Governance22 Board of Directors25 Compliance with Model Code25 Sufficiency of Public Float25

2、Risk Management and Internal Control26 Disclosure of Interests31 Share Option Schemes38 Related Party Transactions38 Purchase,Sale or Redemption of Listed Securities of the Company39Condensed Consolidated Statement of Comprehensive Income41Condensed Consolidated Statement of Financial Position43Cond

3、ensed Consolidated Statement of Changes in Equity44Condensed Consolidated Statement of Cash Flows45Notes to the Condensed Consolidated Interim Financial Statements83Glossarye_192124(AELG_IR).indb 128/8/2019 23:41:2702Management Discussion and AnalysisBusiness ReviewDuring the period under review,the

4、 Company and its subsidiaries(together,the“Group”)together with its joint venture,were principally engaged in the(i)railway construction and operations;and(ii)shipping and logistics businesses.Railway Construction and OperationsThe Group started its investment in railway construction and operations

5、in July 2009 through the acquisition of 100%equity interest in Gofar Holdings Limited(“Gofar”)which indirectly holds a 62.5%equity interest in each of 承德遵小鐵路有限公司(Chengde Zunxiao Railway Limited*)(“Zunxiao Company”)and 承德寬平鐵路有限公司(Chengde Kuanping Railway Limited*)(“Kuanping Company”),and a 51%equity

6、interest in 唐山唐承鐵路運輸有限責任公司(Tangshan Tangcheng Railway Transportation Company Limited*)(“Tangcheng Company”)(collectively referred as the“Railway Companies”).The business scope of the Railway Companies consists of the construction and operation of a 121.7 kilometer singletrack railway(the“Zunxiao Rai