嘉创地产二零二二/二零二三年年报

Contents Corporate Information2Key Information for Shareholders4Financial Highlights6Chairman’s Statement8Corporate Governance Report21Senior Management Profile57Report of the Directors65Environmental, Social and Governance Report85Independent Auditor’s Report126Consolidated Financial Statements136Four-Year Financial Summary252Properties Held by the Group254 Corporate Information REGISTERED OFFICE Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Block C, 9th FloorSoutheast Industrial Building611–619 Castle Peak RoadTsuen WanNew TerritoriesHong Kong 611–6199C www.krpd.com.hk WEBSITEwww.krpd.com.hk DIRECTORS Executive DirectorsMr. HO Man Chung(Chief Executive Officer)Mr. HO Wai Hon, BrianMs. YIU Yuet FungMr. ZHU Nianhua Non-executive DirectorMr. HO Cheuk Fai(Chairman) Independent Non-executive DirectorsMr. CHOI Wai HinMr. HO Lai HongDr. LO Yung Fong AUDIT COMMITTEE Mr. CHOI Wai Hin(Chairman)Mr. HO Lai HongDr. LO Yung Fong REMUNERATION COMMITTEE Dr. LO Yung Fong(Chairman)Mr. HO Wai Hon, BrianMr. CHOI Wai HinMr. HO Lai Hong Corporate Information NOMINATION COMMITTEE Mr. HO Lai Hong(Chairman)Mr. HO Wai Hon, BrianMr. CHOI Wai HinDr. LO Yung Fong COMPANY SECRETARYMr. WONG Ho Kwan AUDITOR KPMGCertified Public AccountantsPublicInterest Entity Auditor registered in accordancewiththe Accounting and Financial Reporting CouncilOrdinance8th Floor Prince’s Building10 Chater RoadCentral, Hong Kong 108 LEGAL ADVISER 15323203 3207 Jingtian & Gongcheng LLPSuites 3203–3207, 32/F,Edinburgh Tower, The Landmark15 Queen’s Road CentralHong Kong PRINCIPAL BANKERSHang Seng Bank LimitedAgricultural Bank of China Limited PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedRooms 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong Key Information for Shareholders FINANCIAL CALENDAR 2023Financial Year End31 March 2023 Announcement of 2022/23 results21 June 2023 Last day to register for the entitlement to attend andvote at the 2022/23 Annual General Meeting23 August 2023 2022/23 Annual General Meeting30 August 2023 Last day to register for 2022/23Final Dividends4 September 2023 2022/23 Final Dividend expectedPayment Date21 September 2023 MARKET CAPITALISATIONAs at 31 March 2023(Closing Price: HK$1.40)HK$707,510,720 (576,115,872)1.14 As at 30 June 2023(Closing Price: HK$1.14)HK$576,115,872 Key Information for Shareholders STOCK CODE The Stock Exchange of Hong Kong Limited(the “Stock Exchange”)Main Board2421 2421 BOARD LOT 2,000 2,000 ordinary shares of the Company (the “Share(s)”) SHAREHOLDER SERVICES Any matters relating to your shareholding, such as transferof shares, change of name or address, and loss of sharecertificatesshould be addressed in writing to the HongKong branch share registrar of KRP Development HoldingsLimited (the “Company”): 183171712–16 Computershare Hong Kong Investor Services LimitedRooms 1712–16, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong (852) 2862-8628(852) 2529-6087 Tel: (852) 2862-8628Fax: (852) 2529-6087 INVESTOR RELATIONSFor enquiries, please contact: 611–6199C Block C, 9th Floor, Southeast Industrial Building611–619 Castle Peak RoadTsuen Wan, New TerritoriesHong Kong (852) 2956 7580ir@krpd.com.hk Chairman’s Statement PRINCIPAL BUSINESS AND RESULTS For the year ended 31 March 2023, the Group principallyengaged in: Aboutique residential property developer which mainlyengagedin the development and sales of residentialpropertiesin the fast-developing residential markets inDongguan, Huizhou and Foshan. (1)BUSINESS REVIEW I. I.Results (a)700,751,000775,555,00010%74%76%180,846,000243,660,000 (a)F o rt h e ye a r e n d e d 31 M a r ch 2023,therevenue of the Group amounted toRMB700,751,000(for the year ended 31March2022:R MB775,555,000),whichdecreasedby approximately 10%whencomparedwith the corresponding periodlast year. Our gross profit margin amountedto 74% (for the year ended 31 March 2022:76%).Profit at tributable to the equit yshareholders of the Company amounted toRMB180,846,000(for the year ended 31March 2022: RMB243,660,000). (b)As at 31 March 2023, the Group had landbankof approximately 253,594 squaremeters(“sq.m.”).(as at 31 March 2022:196,018 sq.m.), which mainly included theland parcel located at Hecheng Sub-district,GaomingDistrict,Foshan(the“FoshanProject”), Phases 4 and 5 of Castfast Villas,Dongguanand Louvre Mansion,Huizhou.In addition, the Group also has a potentiallandreserve located in Yantian Village,Fenggan