PDF《中国大冶有色金属矿业有限公司》

(於开曼群岛注册成立之有限公司) (股份代号: 00661) 年报

2010 (Incorporated in Bermuda with limited liability) (Stock Code: 00661) Annual Report

2010 中国大冶有色金属矿业有限公司 China Daye Non-Ferrous Metals Mining Limited Annual Report 年报

2010 Contents China Daye Non-Ferrous Metals Mining Limited Annual Report

2010 1 Page(s) CORPORATE INFORMATION

2 CHAIRMAN'

S STATEMENT

3 MANAGEMENT DISCUSSION AND ANALYSIS

12 REPORT OF THE DIRECTORS

15 CORPORATE GOVERNANCE REPORT

26 INDEPENDENT AUDITORS'

REPORT

31 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

33 CONSOLIDATED STATEMENT OF FINANCIAL POSITION

35 STATEMENT OF FINANCIAL POSITION

37 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

38 CONSOLIDATED STATEMENT OF CASH FLOWS

39 NOTES TO THE FINANCIAL STATEMENTS

41 FINANCIAL SUMMARY

122 Corporate Information China Daye Non-Ferrous Metals Mining Limited Annual Report

2010 2 Board of Directors Executive Directors: Wan Bi Qi (Chairman) Chen Xiang Yuan Ping Independent Non-executive Directors: Wang Guoqi Wang Qihong Qiu Quan Zhou Audit Committee/ Remuneration Committee Wang Guoqi Wang Qihong Qiu Quan Zhou Company Secretary Chan Yim Kum Solicitors As to Bermuda law: Conyers, Dill &

Pearman As to Hong Kong law: Keith Lam Lau &

Chan Auditors PAN-CHINA (H.

K.) CPA LIMITED Banker Hang Seng Bank Limited Industrial and Commercial Bank of China (Asia) Limited Bank of Communications Co., Limited Registered Office Clarendon House

2 Church Street Hamilton HM11 Bermuda Head Office and Principal Place of Business Unit 2001, World Wide House,

19 Des Voeux Road Central, Hong Kong Principal Registrar Butterfield Fund Services (Bermuda) Limited Rosebank Centre

14 Bermudiana Road Pembroke Bermuda Hong Kong Branch Registrar TRICOR INVESTOR SERVICES LIMITED 26th Floor, Tesbury Centre

28 Queen'

s Road East Hong Kong Stock Codes Ordinary shares:

661 Preference shares:

421 Chairman'

s Statement China Daye Non-Ferrous Metals Mining Limited Annual Report

2010 3 Dear Shareholders, On behalf of the board of directors (the Board ) of China Daye Non-Ferrous Metals Mining Limited (the Company ) and its subsidiaries (the Group ), I am pleased to present the annual results of the Group for the financial year ended

31 December 2010. Financial Review During the year under review, the Group recorded a revenue of approximately HK$954.3 million (For the period ended

31 December 2009: HK$1.6 million), representing an increase of approximately 56,976.2% against the prior period. Net loss attributable to owners of the Company amounted to approximately HK$23.1 million (For the period ended

31 December 2009: HK$91.1 million). During the year, owing to an increase in the fair value of the mining right as at

31 December 2010, the Group recorded an impairment on mining right written back amounted to HK$14.04 million (For the period ended

31 December 2009: HK$87.4 million). As compared to previous fiscal period, the Group'

s turnover was increased and the net loss was narrowed significantly. The reason is that the Group engaged in trading non-ferrous metals which recorded a turnover amounted to HK$946.5 million and a gross profit amounted to HK$13.19 million. In addition, the loss of the Group for the period ended

31 December

2009 was significantly disoriented by the one-off share based payment amounted to HK$87.6 million. Business Review and Prospect Business Review The Group is principally engaged in corporate investment and trading in securities, minerals exploitation and trading in non-ferrous metals. Given the continuing economic growth and accelerated industrialization and urbanization in the PRC, natural resources are in demand at all times and the Board considers that the demand for natural resources will maintain its growth momentum. Mining and Related Businesses In view of the prospects of the natural resources business, during the year, the Company achieved the following developments as part of the Group'