中国华星2023年报

OUR MISSION We have highlighted the mission of “invest for a better life”, integratedthe success of the culture of our management team into currentoperations, and adhered to the “customerfirst, all wins, harmony-oriented, environmental friendly, result driven” philosophy, thuspromoting sustainable corporate development. This proves that weproactively responded to stakeholders’ concerns and, in particular,persisted with repaying investors’ trust with increasing returns and lookingfor good opportunities. We will expand our business to other sectors thatwould have good opportunities. We ensure a steady supply of qualityproducts and considerate services to our customers, kept our promise toemployees and paid heed to their concerns, created a home-alike workingenvironment and a broad development platform, and proactively engagedin social welfare in return for the support and understanding of all walksof life. CONTENTS 2Corporate Information4Chairman’s Statement6Management Discussion and Analysis15Directors’ and Senior Management’s Profile19Corporate Governance Report37Environmental, Social and Governance Report51Directors’ Report62Independent Auditor’s Report74Consolidated Statement of Profit or Loss andOther Comprehensive Income75Consolidated Statement of Financial Position77Consolidated Statement of Changes in Equity79Consolidated Statement of Cash Flows81Notes to the Consolidated Financial Statements176Five-Year Financial Summary CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive DirectorsWang Jing (Chairman)Wang Xing Qiao (Chief Executive Officer)Zhao Shuang Independent Non-Executive DirectorsSu BoTang ShengzhiZeng Guanwei COMPANY SECRETARYLam Wai Kei AUDITORMazars CPA Limited AUDIT COMMITTEE Su Bo (Chairman)Tang ShengzhiZeng Guanwei REMUNERATION COMMITTEE Tang Shengzhi (Chairman)Su BoZeng Guanwei NOMINATION COMMITTEE Wang Jing (Chairman)Tang ShengzhiZeng Guanwei CORPORATE INFORMATION公司資料 PRINCIPAL BANKER The Hongkong and Shanghai Banking Corporation Limited SOLICITORLoeb & Loeb LLP HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda PRINCIPAL PLACE OF BUSINESS IN HONG KONGAND CONTACT INFORMATION 93303(852) 2286 0728(852) 2286 0727www.00485.hkoffice@00485.hk Unit 303, 3/F., New East Ocean CentreNo. 9 Science Museum RoadTsim Sha Tsui, KowloonHong KongTel: (852) 2286 0728Fax: (852) 2286 0727Website: www.00485.hkEmail: office@00485.hk CHAIRMAN’S STATEMENT主席報告書 On behalf of the board (the “Board”) of directors (the “Directors”) ofChina Sinostar Group Company Limited (the “Company”) and all of itssubsidiaries (together with the Company, the “Group”), I am pleased topresent the Group’s annual report for the year ended 31 March 2023 tothe shareholders of the Company (the “Shareholders”). It has been the Group’s business strategy to diversify its business modelsinto different business sectors and to strengthen and expand its revenuestreams. The Group is committed to generating sustainable returns toits Shareholders and enhance the Shareholders’ value. The managementof the Group formulates various business strategies to cope with thedevelopment of the Group. Also, we monitor the markets closely and takeimmediate and appropriate actions when needed. 2019 During the year ended 31 March 2023, the global economic momentumhad been slowing down, in particular, the property market in the People’sRepublic of China (the “PRC”) has been facing an unprecedentedlydifficult and complicated operating environment. The recurring domesticCOVID-19 pandemic cases, shortage and disruption of the supply chain,credit crises of property developers, and weakened demand for propertypurchases have collectively led to the most severe consequences of thepost-pandemic era being encountered. The operations of the Group wereinevitably affected, the construction schedules of certain constructionprojects of the Group have been delayed, whereas the propertiesdevelopment business that contributed to a large extent to the Group’srevenue in the past years was adversely affected. While the international situation remains complex and volatile, theCentral Government of the PRC has been making efforts to providevarious financial supportive policies to stimulate the economic growth.In November 2022, the People’s Bank of China and the China Bankingand Insurance Regulatory Commission collectively published a notice withguidelines aimed at stabilising loan supply for property developers andsupporting the reasonable demand for individual housing loans in t