建溢集团年度报告 2022/2023

ANNUAL REPORT for the year ended 31 March 2023 C O N T E N T S目 錄 BIOGRAPHICAL DETAILS OF THE DIRECTORS董事履歷詳情26 CORPORATE GOVERNANCE REPORT企業管治報告51 INDEPENDENT AUDITOR’S REPORT獨立核數師報告81 Consolidated statement of financial position綜合財務狀況表95 Consolidated statement of changes in equity綜合權益變動表97 Consolidated statement of cash flows綜合現金流量表98 Notes to financial statements財務報表附註100 FINANCIAL SUMMARY財務概要240 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive Directors Mr. Cheng Chor Kit(Chairman and Chief Executive Officer)Mr. Liu Tat LuenMr. Cheng Tsz ToMr. Cheng Tsz HangMr. Lee Kim Wa, Winston* 鄭楚傑先生（主席兼行政總裁）廖達鸞先生鄭子濤先生鄭子衡先生李劍華先生* 馮華昌博士 Non-executive DirectorDr. Fung Wah Cheong, Vincent 黃𦏸維先生孫季如博士鄭國乾先生**張宏業先生 Independent non-executive Directors Mr. Wong Chi WaiDr. Sun Kwai Yu, VivianMr. Cheng Kwok Kin, Paul**Mr. Cheung Wang Ip *李劍華先生於二零二二年十二月二日辭任執行董事。**鄭國乾先生於二零二二年九月十二日辭世。 *Mr. Lee Kim Wa, Winston resigned as an executive Directoron 2 December 2022.**Mr.Cheng Kwok Kin,Paul deceased on 12 September2022. COMPANY SECRETARY Mr. Hung Kam Wing, Timmy 洪錦榮先生 HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS 香港九龍新蒲崗六合街25-27號嘉時工廠大廈7樓 7/F., Galaxy Factory Building25-27 Luk Hop StreetSan Po Kong, KowloonHong Kong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda CORPORATE INFORMATION公司資料 BERMUDA PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE MUFG Fund Services (Bermuda) LimitedRosebank Centre11 Bermudiana RoadPembroke HM 08Bermuda MUFG Fund Services (Bermuda) LimitedRosebank Centre11 Bermudiana RoadPembroke HM 08Bermuda HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 卓佳登捷時有限公司香港夏愨道16號遠東金融中心17樓 Tricor Tengis Limited17/F., Far East Finance Centre,16 Harcourt Road,Hong Kong AUDITOR 羅兵咸永道會計師事務所執業會計師及註冊公眾利益實體核數師 PricewaterhouseCoopersCertified Public Accountants and Registered PIE Auditor PRINCIPAL BANKERS 香港上海滙豐銀行有限公司恒生銀行有限公司 The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank Limited CORPORATE WEBSITEwww.kinyat.com.hk www.kinyat.com.hk CHAIRMAN’S STATEMENT主席報告 Dear valued shareholders, 致各位股東： Onbehalf of the board(the“Board”)of directors(the“Directors”) of Kin Yat Holdings Limited (the “Company” or“Kin Yat”, and, together with its subsidiaries, the “Group”),I am pleased to present to you the results for the yearended 31 March 2023 (the “Year” or ’FY2023’). 本 人 謹 代 表 建 溢 集 團 有 限 公 司（「本 公 司」或「建 溢」，連 同 其 附 屬 公 司 統 稱「本 集 團」）董事（「董事」）會（「董事會」）欣然向股東提呈截至二零二三年三月三十一日止年度（「本年度」或「二零二三財年」）的業績。 MARKET OVERVIEW FY2023represents a tough year for most of thecompaniesfrom every industry,with consumer goodsand manufacturing businesses particularly hard-hit by thedrasticmacro changes during the Year.In early 2022,theRussia-Ukraine conflict has created notable supplychain disruptions across the globe, drastically increasingcommodityprices and logistic cost.The potential of asustainedwar,growing inflation,rising interest rates,alongwith the lingering COVID-19 impact,have alsocasted further uncertainties on future economic outlook.Consumers,especially those in Europe and the U.S.,reacted by becoming increasingly conservative and price-sensitive over purchases of non-daily goods. As a result,sales of most consumer electronic products subsequentlydropped,prohibiting retailers and distributors fromordering replenishment. The Group’s branded customerswere also being forced to delay or reduce their ordersamid the lack of visibility. 二 零 二 三 財 年 對 各 行 各 業 的 大 部 份 公 司 而言為艱難的一年，其中消費品和製造業在這一年中受到宏觀變化的打擊尤其嚴重。二零二二年初，俄烏衝突在全球範圍內造成顯著的 供 應 鏈 中 斷，令 大 宗 商 品 的 價 格 和 物 流成本大幅增加。戰爭可能持續，通脹不斷升溫，利率持續上升，加上2019新型冠狀病毒病的影響持久不散，亦給未來經濟前景帶來更多不明朗因素。消費者，尤其是歐美的消費者，對購買非日常用品的態度日益變得保守及對價格敏感。大部分電子消費品的銷售因而隨之下降，故零售商和分銷商亦不得已地減少補貨。由於情況不明朗，本集團的品牌客戶亦在無奈下推遲或減少訂單。 在生產端，中國作為全球最大的生產國和本集團的主要生產地，本年度內亦面臨前所未有的挑戰。國家實行了既嚴格且以頻繁封鎖為本的清零政策，希望避免大規模感染而導致其醫療系統的負擔壓力增大。國內原材料及零部件供應變得困難，勞動力供應亦成為日益嚴重的瓶頸。因此，本集團於深圳及韶關的生產亦無從避免地受到重大成本壓力及邊際效益下滑的影響。 On the production-end, China, being the world’s largestmanufactureras well as the Group’s major productionlocation, also saw unprecedented challenges during theYear. In the hope to avoid mass infections and incur agrowing burden on its medical system, the country haspursued a zero-COVID policy that was typified by strictand frequent lockdowns. Raw materials and parts supplybecame difficult within the country, with labour availabilityalsobecoming a growing bottleneck.As a result,theGroup’sproduction in Shenzhen and Shaoguan werealso unavoidably affected, suffering from significant costpressure and diseconomies of scale. CHAIRMAN’S STATEMENT主席報告 （續） MARKET OVERVIEW(continued) 消 費 者 的 悲 觀 情 緒 亦 蔓 延 至 中 國 的 房 地 產市場。需求疲弱導致房地產價格顯著回落，而房價下跌又令置業者或投資者更加猶豫，他們在熊市氣氛中對房價的負擔能力有所下降。具體而言，二零二二年中國百強房地產發展商的銷售額為人民幣7.6萬億元，較去年下 降41.3%。銷 售 轉 化 率 不 高，加 上 房 價 下跌，亦對整個行業的房地產項目造成顯著的損害。 The consumer pessimism also extended to China’s realestate market. The weak demand has led to a notableadjustment in real estate prices, and the drop has, in turn,led to even more h