Annual Report 2021

07 合豐集團控股有限公司 • 二零二一年年報 MANAGEMENT DISCUSSION AND ANALYSIS (CONTINUED) 管理層討論及分析（續） 業務回顧 （續） 有關集團的上游業務，自二零二零年三月接 獲當地政府有關設立清遠市高污染燃料禁燃 區的通函後，集團已積極採取措施，計劃將 其鍋爐改用清潔能源。然而，管理層經咨詢 律師意見後了解有關通函內容存在不合理地 方，亦與現行法規有抵觸，加上有關鍋爐的 牌照年審於二零二零年十月順利通過，集團 上游廠房獲評為環保誠信企業（綠牌企業）， 能達到廣東省政府所設立相關政策所規定的 超低排放標準，並可繼續使用，故律師意見 認為有關通函的規定於當時並無效及不適用 於本集團，亦無法例或規例就現有燃煤鍋爐 改用清潔能源有具體的時間表，集團的上游 業務沒有違反任何有效及已生效的法例或規 例，惟屬於本集團自願採取之行動。踏入二 零二一年十月份，當地政府暫停有關鍋爐的 牌照年審事宜，以致集團的上游業務需暫時 停產。於暫時停產期間，本集團繼續就燃煤 鍋爐牌照年審程序與當地政府協調以恢復生 產，並同時恢復本集團管理層於去年取消進 行根據當地政府之環保政策將燃煤鍋爐改用 燃氣鍋爐的項目。本集團已聘請供應商並簽 訂合約，以進行改用燃氣鍋爐工程項目，並 協助本集團完成鍋爐牌照年審程序，預計將 於二零二三年恢復生產。就改用燃氣鍋爐之 影響而言，管理層預期箱板紙分部之每噸成 本將增加約人民幣 350 元。菲律賓大型紙漿 生產線於二零二三年完成安裝後，原材料成 本應大幅減少。整體而言，對箱板紙分部之 毛利率將不會有重大影響。 BUSINESS REVIEW (Continued) For the upstream business of the Group, since receiving a notice from the local government regarding the establishment of the Prohibition Zone for High-Pollution Fuels in Qingyuan City in March 2020, the Group has taken active measures and plans to change its boilers to use clean energy. However, upon receipt of legal advice in respect of the related notice, the management noted that the content of the notice was unreasonable and contradicted the existing regulations. In addition, annual inspection of licences of the relevant boilers was renewed successfully in October 2020 and the Group’s upstream factory was awarded Environmental Integrity Enterprise (Green Label Enterprise) which could meet the ultra-low emission standards as required by the relevant policies set by the government of the Guangdong Province and continue to use it. With reference to the legal advice, the relevant policies of the notice was invalid and not applicable to the Group at that time and no law or regulation having concrete timetable for existing coal-fuel boiler to change to use clean energy, the Group’s upstream business did not violate any valid and existing laws or regulation but in itself a voluntary action taken by the Group. Entering October 2021, the local government suspended the annual inspection of the licence of the boilers, resulting in the temporary suspension of the Group’s upstream business. During the period of temporary suspension of production, the Group continues to coordinate with the local government for the annual inspection procedures of the licences for the coal-fuel boilers to resume production and in parallel to resume the project to change its boilers f r om coa l - f ue l bo i l e r s t o ga s - f ue l bo i l e r s pu r s uan t t o t he environmental policies of the local government that was cancelled by the management of the Group in last year. The Group has engaged a supplier and entered into a contract to carry out the project for the works to change to gas-fuel boilers and assist the Group in completing the annual inspection procedures of the licences for the boilers, and expects to resume production in 2023. For the impact of change to gas-fuel boilers, the management expects that for the containerboard segment, cost per ton should increase by around RMB350. With the completion of installation of large-scale pulp production lines in the Philippines in 2023, the cost of raw material should greatly decrease . Overall, the impact on gross profit margin on containerboard segment is not significant.