东方表行集团2023 年报

2023年 報Annual Report 1 Annual Report 2023 二零二三年年報CONTENTS目錄CORPORATE INFORMATION CHAIRMAN’S STATEMENT AND MANAGEMENT DISCUSSION AND ANALYSISDIRECTORS AND SENIOR MANAGEMENTCORPORATE GOVERNANCE REPORTENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTDIRECTORS’ REPORTINDEPENDENT AUDITOR’S REPORTCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OF FINANCIAL POSITIONCONSOLIDATED STATEMENT OF CHANGES IN EQUITYCONSOLIDATED STATEMENT OF CASH FLOWSNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFINANCIAL SUMMARY公司資料 2主席報告及管理層討論及分析 3-9董事及高級管理層 10-11企業管治報告 12-35環境、社會及管治報告 36-69董事會報告 70-80獨立核數師報告 81-86綜合損益及其他全面收益表 87-88綜合財務狀況表 89-90綜合權益變動表 91-92綜合現金流量表 93-95綜合財務報表附註 96-226財務摘要 227-228 2Oriental Watch Holdings Limited 東方表行集團有限公司CORPORATE INFORMATION公司資料BOARD OF DIRECTORS Mr. Yeung Him Kit, Dennis (Chairman and Managing Director) Madam Yeung Man Yee, Shirley (Executive Director) Mr. Lam Hing Lun, Alain (Finance Director) Dr. Li Sau Hung, Eddy (Independent Non-executive Director) Mr. Choi Man Chau, Michael (Independent Non-executive Director) Mr. Sun Dai Hoe, Harold (Independent Non-executive Director)COMPANY SECRETARY Mr. Lam Hing Lun, AlainPRINCIPAL BANKERS Hang Seng Bank Limited Bank of China (Hong Kong) Limited Standard Chartered Bank (Hong Kong) LimitedAUDITOR Deloitte Touche Tohmatsu Certified Public Accountants and Registered Public Interest Entity AuditorHONG KONG BRANCH Tricor Secretaries Limited SHARE REGISTRARS 17th Floor, Far East Finance Centre, No. 16 Harcourt Road, Hong KongHONG KONG LEGAL Jennifer Cheung & Co ADVISERBERMUDA LEGAL Conyers, Dill & Pearman ADVISERREGISTERED OFFICE Clarendon House Church Street Hamilton HM 11 BermudaPRINCIPAL PLACE OF 19th Floor BUSINESS Wing On Centre 111 Connaught Road Central Hong Kong董事會 楊衍傑先生 （主席兼董事總經理） 楊敏儀女士 （執行董事） 林慶麟先生 （財務董事） 李秀恒博士 （獨立非執行董事） 蔡文洲先生 （獨立非執行董事） 孫大豪先生 （獨立非執行董事）公司秘書 林慶麟先生主要往來銀行 恒生銀行有限公司 中國銀行（香港）有限公司 渣打銀行（香港）有限公司核數師 德勤‧關黃陳方會計師行 執業會計師及註冊公眾利 益實體核數師股份過戶 卓佳秘書商務有限公司 登記處 香港 香港分處 夏愨道16號 遠東金融中心 17樓香港法律顧問 張美霞律師行百慕達法律 Conyers, Dill & Pearman 顧問註冊辦事處 Clarendon House Church Street Hamilton HM 11 Bermuda主要營業地點 香港 干諾道中111號 永安中心 十九樓 Oriental Watch Holdings Limited 東方表行集團有限公司3 Annual Report 2023 二零二三年年報CHAIRMAN’S STATEMENT AND MANAGEMENT DISCUSSION AND ANALYSIS主席報告及管理層討論及分析MANAGEMENT DISCUSSION AND ANALYSISGroup ResultsOn behalf of the Board of Directors (the “Board”) of Oriental Watch Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”), I hereby present you the audited consolidated results of the Group for the year ended 31 March 2023 (the “Year”).Despite its existence of more than three years, the COVID-19 pandemic continued to bring lingering impact to the market. In the first half of the fiscal year, Mainland China saw a notable surge in cases, which was subsequently followed by sustained strict lockdown measures. That has led to drastic changes to people’s everyday lives, with offline sales and traffic almost impossible. The uncertainties surrounding the global economy, such as growing geopolitical tension, sharp inflation, and surging interest rates, have also brought serious questions to people’s purchasing power, which was subsequently translated into pessimism among consumers. The same case could also be applied to Hong Kong, where outdoor activities were less preferred, and sales of high-ticket items suffered as a result of consumer conservatism.However, as the second half of the financial year unfolded, the world seemed to see light at the end of the tunnel. Mainland China saw a change in its COVID strategy from prevention to adaptation, by relaxing its lockdown measures and announcing its border reopening in January 2023; whereas in Hong Kong, there was also the announcement of easing border contro