星光集团截至二零二三年三月三十一日止年度年报

CONTENTS目 錄 Corporate Information4Chairman’s Statement7Chairman’s Letter22Financial Summary24Report of the Directors26Corporate Governance Report39Management Profile64List of Properties69Independent Auditor’s Report72Consolidated Income Statement84Consolidated Statement of Comprehensive Income85Consolidated Statement of Financial Position86Consolidated Statement of Changes in Equity88Consolidated Statement of Cash Flows90Notes to the Consolidated Financial Statements92 董 事 DIRECTORS 執 行 董 事 Executive Directors Mr. Lam Kwong Yu(Chairman and Chief Executive Officer)Mr. Tin Shing(Senior Vice President)Mr. Poon Kwok Ching(Senior Vice President)Mr. Wong Wai Kwok(Senior Vice President) 非 執 行 董 事 Non-Executive Director Ms. Yeung Chui 獨 立 非 執 行 董 事 Independent Non-Executive Directors Mr. Chan Yue Kwong, MichaelMr. Kwok Lam Kwong, Larry,SBS, JPMr. Tam King Ching, KennyMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 審 核 委 員 會 AUDIT COMMITTEE Mr. Tam King Ching, Kenny(Chairman)Mr. Chan Yue Kwong, MichaelMr. Kwok Lam Kwong, Larry,SBS, JPMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 薪 酬 委 員 會 REMUNERATION COMMITTEE Mr. Chan Yue Kwong, Michael(Chairman)Mr. Kwok Lam Kwong, Larry,SBS, JPMr. Tam King Ching, KennyMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 提 名 委 員 會 NOMINATION COMMITTEE Mr. Kwok Lam Kwong, Larry,SBS, JP(Chairman)Mr. Chan Yue Kwong, MichaelMr. Lam Kwong YuMr. Tam King Ching, KennyMs. Yeung ChuiMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 授 權 代 表 AUTHORISED REPRESENTATIVES Mr. Lam Kwong YuMr. Poon Kwok Ching CORPORATE INFORMATION 公 司 秘 書 COMPANY SECRETARY Mr. Poon Kwok Ching 核 數 師 AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd FloorPrince’s BuildingCentral, Hong Kong 法 律 顧 問 LEGAL ADVISER 1827 Howse Williams27/F., Alexandra House18 Chater RoadCentral, Hong Kong 註 冊 辦 事 處 REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda 總 辦 事 處 及 主 要 營 業 地 點 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 3/F., Perfect Industrial Building31 Tai Yau StreetSanpokongKowloonHong Kong 股 票 過 戶 登 記 處 SHARE REGISTRARS AND TRANSFER OFFICES 主 要 股 票 過 戶 登 記 處 Principal Share Registrar and Transfer Office MUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM12Bermuda 香 港 股 票 過 戶 登 記 分 處 Hong Kong Branch Share Registrar and Transfer Office 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt Road, Admiralty,Hong Kong 主 要 銀 行 PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedBank of China (Hong Kong) LimitedChina Construction Bank 網 址 WEBSITE http://www.hkstarlite.com http://www.hkstarlite.com 股份代 號 STOCK CODE 403 403 業 績 RESULTS Forthe year ended 31st March,2023,the Group’s revenuedecreased by 12% to approximately HK$923 million. A profit ofapproximately HK$5 million was recorded, compared to a profitHK$357 million last year. Excludingthe disposal of the entire equity interest in StarlitePrinters (Shenzhen) Co., Ltd last year and the resulting net gainofapproximately HK$483 million,the core profit level of theGroup improved as a result of the effective implementation of anumber of cost optimisation measures and the exchange gainsfrom the depreciation of Renminbi during the period. During the reporting period, the global political and economicsituationremained complex and severe.The turmoil in theworldorder such as geopolitical conflicts and escalatingcollisionsamong great powers exacerbated the risk of globaleconomicdownturn or even recession.The recovery of theglobal economy has been hindered by multiple factors such asslowingdomestic demand and high inflation in developedeconomies, and the unfavorable macro environment has affectedthepurchasing power and consumption desire of endconsumers,which in turn affected the demand for variousconsumer goods. In the face of abnormal fluctuations from thedemand side, our customers have adopted a more conservativebusinessmodel.In addition to tightening order and inventorypolicies, they also delayed the development of certain potentialprojects,which had a short-term impact on the Group’sbusiness growth. Despite the sharp fluctuations in the economicenvironment, the performance of the three plants in China wasbetter than expected during the period. A profit was recordedfor the Guangzhou plant while the loss narrowed significantlyforthe Shaoguan plant.The Suzhou plant improved itsprofitabilitydespite the disruption of Shanghai’s lockdownmeasures and the decline in sales at the beginning of the year.Onthe other hand,sales remained stable,but a loss wasrecorded in the ASEAN region. Facingthe complex and ever-changing domestic a