义合控股2022/2023年报

Contents 2Corporate Information4Chairman’s Statement7Management Discussion and Analysis15Corporate Governance Report35Profiles of Directors and Senior Management42Report of Directors64Independent Auditor’s Report71Consolidated Statement of Profit or Loss andOther Comprehensive Income 73Consolidated Statement of Financial Position75Consolidated Statement of Changes in Equity77Consolidated Statement of Cash Flows79Notes to the Consolidated Financial Statements205Five Year Financial Summary206Glossary Corporate Information DIRECTORSExecutive Directors: 2022731 Mr. JIM Yin Kwan Jackin (Chairman)Mr. CHUI Mo Ming (Vice-chairman)Mr. YAN Chi Tat (Chief Executive Officer)Mr. LEUNG Hung Kwong DerrickMr. XU JunMin (resigned on 31 July 2022) 頴20235312023531 Non-executive Director: Ms. LEE Sze Wing Mabel (appointed on 31 May 2023)Mr. WANG Jian (resigned on 31 May 2023) Independent Non-executive Directors: Mr. LEE Luk ShiuMr. YU Hon KwanMr. WONG Chi Keung Johnny AUDIT COMMITTEE Mr. LEE Luk Shiu (Chairman)Mr. YU Hon KwanMr. WONG Chi Keung Johnny NOMINATION COMMITTEE Mr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk Shiu REMUNERATION COMMITTEE Mr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk Shiu COMPANY SECRETARYMr. CHONG Man Hung Jeffrey AUTHORISED REPRESENTATIVESMr. YAN Chi TatMr. CHONG Man Hung Jeffrey INDEPENDENT AUDITORS SHINEWING (HK) CPA Limited Corporate Information Windward 3 REGISTERED OFFICE IN THE CAYMAN ISLANDS Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 191104–06 Units 1104–06Nan Fung Commercial Centre19 Lam Lok StreetKowloon BayHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDSOcorian Trust (Cayman) Limited Ocorian Trust (Cayman) LimitedWindward 3Regatte Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Windward 3Regatte Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedDBS Bank (Hong Kong) LimitedFubon Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank Limited www.yee-hop.com.hk COMPANY WEBSITEwww.yee-hop.com.hk 01662 STOCK CODE01662 Chairman’s Statement Dear Shareholders 2023331 On behalf of the Board, I am pleased to present the annual report ofthe Group for the year ended 31 March 2023. The Group is a long established contractor in Hong Kong and isprincipally engaged in the provision of foundation works (includethe construction of mini-piles, rock-socketed steel H-piles and drivensteel H piles, and other civil work, which includes site formationworks, and road and pavement works) and tunneling works (includepipe jacking, hand dig tunnel and cut-and-over tunnel works) inHong Kong and overseas. In late March 2021, the Group has diversified and expanded topremisesrevitalisation and enhancement business by enteringtwo cooperation agreements which relate to premises situated inGuangzhou, a first-tier city in the PRC. 20213 Windmill Street304202333196.4%20231.7 The Group has also invested in an associated company for thepurpose of the development of the Birmingham Property Project. TheBirmingham Property Project consists of 304 residential apartmentssituated at the Windmill Street, Birmingham, the United Kingdom.As at 31 March 2023, 96.4% of the apartments have been sold andthe share of profits from the Birmingham Property Project for the2023 Financial Year was approximately HK$1.7 million. Chairman’s Statement RESULT SUMMARY 2023707.820223.8%76.2202226.7%12.1202265.0%20230.0220220.07259.0 During the 2023 Financial Year, the Group recorded a consolidatedrevenuefrom the continuing operations of approximatelyHK$707.8 million, representing a decrease of 3.8% from the 2022Corresponding Year. Gross profit from the continuing operationsof the Group amounted to HK$76.2 million, a decrease of 26.7%from the 2022 Corresponding Year. Profit attributable to ownersof Company from the continuing operations amounted to HK$12.1million representing a decrease of 65.0% as compared to that in the2022 Corresponding Year. Earnings per share from continuing anddiscontinued operations was HK$0.02 for the 2023 Financial Yearcomparing with HK$0.07 for the 2022 Corresponding Year. TheGroup maintains healthy financial position with net current assets ofHK$259.0 million and net cash position at the financial year end. COVID-1911866.12023331869.4 Despite the challenges and difficulties, brought by the COVID-19pandemic with the dedicated support of our staff and customers,the Group has been awarded 11 contracts with original contractsums of totaling HK$866.1 million and