德永佳集团2023年报

Contents目錄 02Corporate & Shareholder Information04Financial and Operational Highlights06Chairman’s Statement07Management’s Discussion and Analysis14Report of the Directors25Corporate Governance Report40Independent Auditor’s ReportAudited Financial Statements49Consolidated Statement of Profit or Loss50Consolidated Statement of Comprehensive Income51Consolidated Statement of Financial Position53Consolidated Statement of Changes in Equity55Consolidated Statement of Cash Flows58Notes to the Financial Statements Corporate & Shareholder Information公司及股東資料 DIRECTORS Poon Bun Chak(Executive Chairman)Ting Kit Chung(Chief Executive Officer)Poon Ho TakCheng Shu Wing*Law Brian Chung Nin*Ho Lai Hong* (appointed on 31 August 2022)*Independent Non-executive Directors ***2022831* AUDIT COMMITTEELaw Brian Chung Nin(Chairman)Cheng Shu WingHo Lai Hong (appointed on 31 August 2022) 2022831 2022831 NOMINATION COMMITTEE Cheng Shu Wing(Chairman)Law Brian Chung NinHo Lai Hong (appointed on 31 August 2022)Ting Kit Chung 2022831 REMUNERATION COMMITTEE Ho Lai Hong(Chairman)(appointed on 31 August 2022)Cheng Shu WingLaw Brian Chung NinTing Kit Chung COMPANY SECRETARYChan Chi Hon Clarendon House2 Church StreetHamilton HM 11Bermuda REGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11Bermuda 22316 HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS16th Floor, Metroplaza Tower II223 Hing Fong Road, Kwai ChungNew Territories, Hong Kong 97927 AUDITOR Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong LEGAL ADVISORSJennifer Cheung & Co.Wilkinson & Grist Corporate & Shareholder Information公司及股東資料 PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedBNP ParibasCitibank, N.A.The Hongkong and Shanghai Banking Corporation LimitedHang Seng BankMizuho Bank Limited 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 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong WEBSITEShttp://www.texwinca.com/http://www.irasia.com/listco/hk/texwinca/ http://www.texwinca.com/http://www.irasia.com/listco/hk/texwinca/ SHARE INFORMATIONPlace of ListingStock CodeBoard LotFinancial Year End 003212,000331 Listing on the Main Board of The StockExchange of Hong Kong Limited003212,000 shares31 March 2022202211910.0202316 FINANCIAL CALENDAR Interim Results 2022:Results announcement dateInterim DividendDividend payment date 9 November 2022HK10.0 cents per ordinary share6 January 2023 2022/2023202361610.020238312023104 Annual Results 2022/2023:Results announcement dateFinal DividendEx-dividend dateDividend payment date 16 June 2023HK10.0 cents per ordinary share31 August 20234 October 2023 Closure of register of members (both days inclusive): 1.202382120238242.202394202396 1.Entitlement to attend and vote at the annual general meeting– From 21 August 2023 to 24 August 2023 2.Entitlement to the proposed final dividend– From 4 September 2023 to 6 September 2023 2023 ANNUAL GENERAL MEETING24 August 2023 20232023824 Financial and Operational Highlights財務與業務摘要 1.2.3.4.5. Notes: 1.Interest cover was calculated by dividing the profit before interest and taxby the interest expenses. 2.EBITDA is the earnings before interest, tax, depreciation and amortisationexpenses. Number of shares was on weighted average basis. 4.Dividend yield was calculated by dividing the dividends per share by theclosing market price per share as at the end of the respective reportingperiod. 5.The financial results of the above refer to the results of the Group for eachfinancial year. And, the other figures used were the position of the Group asat the end of the respective reporting period. Chairman’s Statement主席報告書 7519160.7%24.7%29.0%25.9%10.0 For the year ended 31 March 2023, the Group’s profit attributable toordinary equity holders of the Company was HK$75 million, a dropof 60.7% compared with HK$191 million reported for 2022. Revenuedecreased by 24.7% and gross profit margin fell to 25.9% from lastyear’s 29.0%. The Board has recommended a final dividend of HK10.0cents per share. In the year, the textile business faced serious challenges. The Russia-Ukraine war caused global inflation and disrupted consumer sentimentinternationally. In the second half of 2022, substantial retailers neededto destock inventories instead of procuring new products. The Groupexperienced immense operating pressure mainly due to rising costs anda slowdown in order demand. China’s consumer market was also impacted by stringent pandemiccontrol measures throughout the year. Many China cities adoptedstrict lockdown policies, resulting many stores of the Group had toclose or shorten the business time. In the year,