中国投融资年报 2022/2023

(Incorporated in the Cayman Islands with limited liability)()(Stock Code:1226) ANNUAL REPORT年 報 2022/23 CONTENTS CORPORATE INFORMATION2STATEMENT FROM THE MANAGEMENT4BIOGRAPHICAL DETAILS OF DIRECTORS20DIRECTORS’ REPORT22CORPORATE GOVERNANCE REPORT34ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT52INDEPENDENT AUDITOR’S REPORT79CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME85CONSOLIDATED STATEMENT OF FINANCIAL POSITION86CONSOLIDATED STATEMENT OF CHANGES IN EQUITY88CONSOLIDATED STATEMENT OF CASH FLOWS90NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS92FIVE YEARS FINANCIAL SUMMARY160 CORPORATE INFORMATION公司資料China Investment and Finance Group Limited中國投融資集團有限公司 1226 STOCK CODE1226 BOARD OF DIRECTORSExecutive DirectorMr. CHAN Cheong Yee Non-Executive DirectorsMr. WU QiMr. FONG On Shek Independent Non-Executive DirectorsMr. LUK SimonMs. LIU XiaoyinMr. HON Leung AUDIT COMMITTEE Mr. HON Leung(Chairman)Mr. LUK SimonMs. LIU Xiaoyin NOMINATION COMMITTEE Ms. LIU Xiaoyin(Chairman)Mr. HON LeungMr. LUK Simon REMUNERATION COMMITTEE Ms. LIU Xiaoyin(Chairman)Mr. LUK SimonMr. HON Leung REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 CORPORATE INFORMATION公司資料 PRINCIPAL PLACE OF BUSINESSIN HONG KONG 701104 Room 1104, Crawford House70 Queen’s Road CentralHong Kong 810 AUDITORS Elite Partners CPA Limited10/F, 8 Observatory RoadTsim Sha TsuiKowloon, Hong Kong SHARE REGISTRARS ANDTRANSFER OFFICE IN HONG KONG 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China(Asia) LimitedChong Hing Bank Limited 38202004-6 INVESTMENT MANAGER Evergrande Securities (Hong Kong) LimitedRoom 2004-6, 20/F., China Evergrande Centre,38 Gloucester Road, Wanchai,Hong Kong COMPANY SECRETARY Mr. CHAN Ka Yin AUTHORISED REPRESENTATIVESMr. CHAN Cheong YeeMr. CHAN Ka Yin http://www.chnif.com.hk WEBSITEhttp://www.chnif.com.hk 04China Investment and Finance Group Limited中國投融資集團有限公司 STATEMENT FROM THE MANAGEMENT管理層報告書 Theboard(the“Board”)of directors(the“Directors”)of ChinaInvestment and Finance Group Limited (the “Company”) and itssubsidiaries(collectively,the“Group”)is pleased to announcethe audited consolidated results of the Group for the year ended31 March 2023 (the “Year”). MANAGEMENT DISCUSSION AND ANALYSISFinancial Results 177,700,00022,700,0006.83,600,0004,500,00019.8%41,200,0007,000,000196,600,000209,700,0000.480.65(i)0.2665,000,000(ii)41,200,000(iii)4,500,000(iv)7,100,000 D u r i n gt h e y e a r e n d e d 31 M a r c h 2023( t h e“ Ye a r ” ) ,t h eGrouprecorded gross proceeds from disposal of securitiesofapproximately HK$177.7 million,representing an increaseofapproximately 6.8 times,as compared to the amount ofapproximatelyHK$22.7 million for the last year.The Grouprecorded in revenue of approximately HK$3.6 million, representinga decrease of approximately 19.8% as compared to the amountof approximately HK$4.5 million for the last year. The Companyrecordedloss attributable to the owners of the Company fortheyear amounted to approximately HK$41.2 million(2022:approximatelyHK$7.0 million).The audited consolidatednetassets of the Group as at 31 March 2023 amounted toapproximatelyHK$196.6 million(2022:approximately HK$209.7million). Thenet asset per share of the Group was amountedtoapproximately HK$0.48(2022:approximately HK$0.65). Thedecreasein net asset value per share of the Company overtheyear was principally resulted from the net effect of:(i)theplacing of 65,000,000 new shares of the Company at a price ofHK$0.26each(see the Company’s announcements dated 19August 2022 and 5 September 2022 for further details); (ii) thenet loss attributable to the shareholders of the Company for theYear of approximately HK$41.2 million; (iii) non-cash share-basedpayments of approximately HK$4.5 million recognised for the Yearand (iv) proceeds from exercise of share options of approximatelyHK$7.1 million. 7,000,00041,200,000100,00030,700,0008,700,0001,200,0002,400,0008,700,0009,900,00010,700,00041,200,0007,000,000 The Group’s net loss increased from approximately HK$7.0 millionforthe year ended 31 March 2022 to approximately HK$41.2millionfor the Year.Such change is mainly attributable to thechange in performance of the Group’s listed investments and theexpected credit loss assessment. The Group recorded net loss onlisted investments of approximately HK$0.1 million in the last year,whilenet loss on listed investments of approximately HK$30.7million was recorded in the Year. In relation to the expected creditloss assessment, reversal of impairment losses of approximatelyHK$8.7million was recorded by the Group in the last yearwhereasthe Group recorded impairment loss of approximatelyHK$1.2 million during the Year. Taking into account of unrealisedlosson u