Annual Report 2021

18 SHOUGANG CENTURY HOLDINGS LIMITED 首佳科技製造有限公司 MANAGEMENT DISCUSSION AND ANALYSIS 管理層論述及分析 業務回顧 經營回顧 本集團主要從事製造子午線輪胎用鋼簾線、 切割鋼絲及膠管鋼絲。截至二零二一年十二月 三十一日止年度，本集團來自持續經營業務 之營業額增加 32.0% 至港幣 2,694,810,000 元 （二零二零年：港幣 2,041,553,000 元），這得 益於本集團生產基地的生產能力及銷售價格 增加，本集團的總收入錄得增長。然而，二零 二一年下半年經濟受疫情反彈影響，本集團業 務的經營環境充滿挑戰。因此，本集團截至二 零二一年十二月三十一日止年度之淨溢利由 去年的港幣 148,254,000 元減少 45.4% 至港幣 80,879,000 元。董事會認為，除稅後溢利降低 乃主要由於： • 毛利率降低乃由於二零二一年下半年原 材料價格及海運費的大幅上漲未能及時 轉嫁至客戶； • 銷售及分銷費用增加；及 • 並無截至二零二零年十二月三十一日止 年度就土地使用權之減值損失撥回而產 生之非經常性收入約港幣 46,867,000 元。 BUSINESS REVIEW Review of operations The Group is principally engaged in the manufacturing of steel cords for radial tyres, sawing wires and hose wires. For the year ended 31 December 2021, the Group’s revenue for the continuing operations increased by 32.0% to HK$2,694,810,000 (2020: HK$2,041,553,000), this is benefited from an increase in production capacity of the Group’s production base and selling prices, the Group’s total revenue recorded growth. However, the economy in the second half of 2021 was affected by the rebound of the epidemic, the business environment of the Group’s business was full of challenges. Therefore, the Group’s net profit for the year ended 31 December 2021 decreased by 45.4% over last year of HK$148,254,000 to HK$80,879,000. The Board considers that the decrease in profit after tax was mainly attributable to: • the decrease in gross profit margin due to the fact that the substantial increase in raw material prices and ocean freight rates in the second half of 2021 had not been passed to the customers in time; • the increase in selling and distribution expenses; and • the absence of a non-recurring income of approximately HK$46,867,000 arising from the reversal of impairment loss on land use rights for the year ended 31 December 2020.