民生国际2022年报

CONTENTS目錄OVERVIEW概覽Corporate Information公司資料2Financial Highlights財務摘要4Chairman’s Statement主席報告6Management Discussion and Analysis管理層討論與分析8Profile of Directors and Senior Management董事及高級管理人員履歷19Corporate Governance Report企業管治報告23Environmental, Social and Governance Report環境、社會及管治報告43Report of the Directors董事會報告70FINANCIAL SECTION財務部分Independent Auditor’s Report獨立核數師報告86Consolidated Statement of Profit or Loss綜合損益表94Consolidated Statement of Profit or Loss and other Comprehensive Income綜合損益及其他全面收益表95Consolidated Statement of Financial Position綜合財務狀況表96Consolidated Statement of Changes in Equity綜合權益變動表98Consolidated Statement of Cash Flows綜合現金流量表101Notes to the Consolidated Financial Statements綜合財務報表附註103Five-Year Financial Summary五年財務摘要227Principal Properties主要物業228 2Man Sang International Limited Annual Report 2022CORPORATE INFORMATION公司資料董事會執行董事胡興榮先生（主席）黃曉海先生金江桂先生李振宇先生徐昊昊先生（行政總裁）獨立非執行董事鮑依寧女士黃昆杰先生袁海波先生審核委員會黃昆杰先生（主席）鮑依寧女士袁海波先生薪酬委員會鮑依寧女士（主席）胡興榮先生黃曉海先生黃昆杰先生袁海波先生提名委員會胡興榮先生（主席）黃曉海先生鮑依寧女士黃昆杰先生袁海波先生公司秘書何詠欣女士ACG, HKACG(PE)授權代表黃曉海先生何詠欣女士核數師信永中和（香港）會計師事務所有限公司註冊公眾利益實體核數師BOARD OF DIRECTORSExecutive DirectorsMr. Hu Xingrong (Chairman)Mr. Huang XiaohaiMr. Jin JiangguiMr. Li ZhenyuMr. Xu Haohao (Chief Executive Officer)Independent Non-Executive DirectorsMs. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi PoAUDIT COMMITTEEMr. Wong Kwan Kit (Chairman)Ms. Pau Yee LingMr. Yuen Hoi PoREMUNERATION COMMITTEEMs. Pau Yee Ling (Chairman)Mr. Hu XingrongMr. Huang XiaohaiMr. Wong Kwan KitMr. Yuen Hoi PoNOMINATION COMMITTEEMr. Hu Xingrong (Chairman)Mr. Huang XiaohaiMs. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi PoCOMPANY SECRETARYMs. Ho Wing Yan ACG, HKACG(PE)AUTHORISED REPRESENTATIVESMr. Huang XiaohaiMs. Ho Wing YanAUDITORSHINEWING (HK) CPA LimitedRegistered Public Interest Entity Auditor 3二零二二 年年報 民生國際有限公司CORPORATE INFORMATION公司資料法律顧問有關香港法律柯伍陳律師事務所有關百慕達法律Conyers Dill & Pearman主要往來銀行中國建設銀行（亞洲）股份有限公司香港上海滙豐銀行有限公司主要股份登記處MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda香港股份過戶登記分處 卓佳秘書商務有限公司香港皇后大道東183號合和中心54樓（有關地址將會自2022年8月15日起改為香港夏愨道16號遠東金融中心17樓）上市資料香港聯合交易所有限公司普通股（股份代號：938）註冊辦事處Clarendon House2 Church StreetHamilton HM11Bermuda主要營業地點香港柴灣新業街8號八號商業廣場25樓全層公司網址www.msil.com.hk投資者關係電郵：ir@msil.com.hkLEGAL ADVISERSAs to Hong Kong lawONC LawyersAs to Bermuda lawConyers Dill & PearmanPRINCIPAL BANKERSChina Construction Bank (Asia) Corporation LimitedThe Hongkong and Shanghai Banking Corporation LimitedPRINCIPAL SHARE REGISTRARMUFG Fund Services (Bermuda) Limited4th floor NorthCedar House41 Cedar AvenueHamilton HM12BermudaHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICETricor Secretaries LimitedLevel 54, Hopewell Centre183 Queen’s Road EastHong Kong(with effect from 15 August 2022, the address will be changed to 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong)LISTING INFORMATIONThe Stock Exchange of Hong Kong LimitedOrdinary Share (Stock Code: 938)REGISTERED OFFICEClarendon House2 Church StreetHamilton HM11BermudaPRINCIPAL PLACE OF BUSINESSUnit WF, 25th FloorEight Commercial Tower8 Sun Yip StreetChai Wan, Hong KongCOMPANY WEBSITEwww.msil.com.hkINVESTOR RELATIONSEmail: ir@msil.com.hk 4Man Sang International Limited Annual Report 2022FINANCIAL HIGHLIGHTS財務摘要KEY FINANCIAL PERFORMANCE主要財務表現Year ended 31 March截至3月31日止年度Consolidated Statement of Profit or Loss綜合損益表20222021Change變動% – Revenue (HK$’000)– 收入（千港元）116,656158,729 (42,073)(26.51)%– Gross loss (HK$’000)– 毛損（千港元）(8,394)(24,278)15,884(65.43)%– Loss before tax (HK$’000)– 除稅前虧損（千港元）(375,244)(514,965)139,721(27.13)%Owners擁有人Loss for the year and attributable to the owners of the Company (HK$’000)本公司擁有人應佔年內虧損 （千港元）(371,735)(521,821)150,086(28.76)%Basic and diluted loss per share (HK dollars)每股基本及攤薄虧損（港元）(0.69)(1.26)0.57(45.24)% As at 31 March於3月31日Consolidated Statement of Financial Position綜合財務狀況表20222021Change變動% Net assets (HK$’000)資產淨值（千港元）190,159189,1281,0310.55%Cash and cash equivalents (HK$’000)現金及等同現金（千港元）31,770153,787 (122,017)(79.34)%Promissory notes, bank and other borrowings (HK$’000)承兌票據、銀行及其他借貸 （千港元）2,802,2642,908,705 (106,441)(3.66)%Equity attributable to owners of the Company (HK$’000)本公司擁有人應佔權益 （千港元）190,159189,1281,0310.55% 5二零二二 年年報 民生國際有限公司FINANCIAL HIGHLIGHTS財務摘要(1) 毛利率指本集團毛利除以收入。(2) 股東資金回報指本公司擁有人應佔虧損除以本公司擁有人應佔總權益。(3) 流動比率指流動資產總值除以流動負債總額。(4) 資本負債比率指承兌票據、銀行及其他借貸（包括流動及非流動部分）除以總權益。KEY FINANCIAL RATIOS主要財務比率20222021Change變動 Gross profit margin(1)毛利率(1)(7.20)%(15.30)%8.10 percentagepoints個百分點Return on equity(2)股東資金回報(2)(195.49)%(275.91)%80.42 percentage points個百分點Current ratio (times)(3)流動比率（倍）(3)1.491.71Gearing ratio (times)(4)資本負債比率（倍）(4)14.7415.38 (1) Gross profit margin represents gross profit divided by revenue of the Group.(2) Return on equity is defined as the ratio of loss attributable to owners of the Company to total equity attributable to owners of the Company.(3) Current ratio is defined as the ratio of total current assets to total current liabiliti