兆邦基地产二零二三年年报

CONTENTS 256141840596668717275212 Corporate InformationChairman’s StatementManagement Discussion and AnalysisBiographical Details of Directors and Senior ManagementCorporate Governance ReportReport of the DirectorsIndependent Auditor’s ReportConsolidated Statement of Profit or Loss andOther Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFive Years Financial Summary Corporate Information BOARD OF DIRECTORS Executive DirectorsMr. Xu Chujia(Chairman)Mr. Xu ChushengMr. Kwan Kin Man Keith(appointed with effect from 30 June 2022)Mr. Cai Chun Fai(resigned with effect from 30 June 2022)Mr. Wei Jinwen(resigned with effect from 17 November 2022) Non-executive DirectorsMs. Zhan MeiqingProfessor Lee Chack Fan,G.B.S., S.B.S., J.P.(resigned with effect from 31 December 2022) G.B.S., S.B.S., J.P. Independent Non-executive DirectorsMr. Hui Chin Tong GodfreyMr. Wong Chun ManMr. Ye Longfei AUDIT COMMITTEE Mr. Wong Chun Man(Chairman)Mr. Ye LongfeiMr. Hui Chin Tong Godfrey REMUNERATION COMMITTEE Mr. Hui Chin Tong Godfrey(Chairman)Ms. Zhan MeiqingMr. Ye Longfei NOMINATION COMMITTEE Mr. Ye Longfei(Chairman)Mr. Wong Chun ManMs. Zhan Meiqing INVESTMENT COMMITTEE Mr. Xu Chujia(Chairman)Mr. Xu Chusheng COMPANY SECRETARY Mr. Kwan Kin Man Keith(appointed with effect from 30 June 2022)Mr. Cai Chun Fai(resigned with effect from 30 June 2022) AUDITOR BDO LimitedCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance LEGAL ADVISERS As to Hong Kong law:LI & PARTNERS AUTHORISED REPRESENTATIVES Ms. Zhan MeiqingMr. Kwan Kin Man Keith(appointed with effect from 30 June 2022)Mr. Cai Chun Fai(resigned with effect from 30 June 2022) PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Maples Fund Services (Cayman) LimitedP.O. Box 1093Boundary Hall, Cricket Square KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedP.O. Box 1093Boundary Hall, Cricket Square KY1-1102Cayman Islands Corporate Information HONG KONG SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services LimitedLevel 17, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKEROCBC Bank (Hong Kong) Limited REGISTERED OFFICE Maples Corporate Services LimitedP.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands Maples Corporate Services LimitedP.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 168–2001113–15 Unit 13–15, 11/FChina Merchants Tower, Shun Tak Centre168–200 Connaught Road CentralHong Kong 1660 STOCK CODE1660 www.szzhaobangji.com WEBSITEwww.szzhaobangji.com Chairman’s Statement主 席 報 告 Dear Shareholders, On behalf of the board (the “Board”) of Directors (the “Directors”) ofZhaobangji Properties Holdings Limited (the “Company”), I am pleasedto present the annual report of the Company and its subsidiaries(collectively the “Group”) for the year ended 31 March 2023 (the“Year”). COVID-19COVID-19 COVID-19 pandemic related restrictions sustained in a large part ofour financial year which impacted our property management business,as shopping malls and offices in the Mainland China were required toclose down for some material times during the year. The real estatemarket has also seen a slow down due to deleveraging in the MainlandChinese market and a higher interest rate environment in Hong Konghas also impacted demand for construction equipment leasing. Thishas also affected our leasing business. Although we are likely going tosee positive rebound from the removal of COVID-19 related restrictionsduring this coming year, we remain cautiously optimistic as geo-politicaltensions and a pro-longed high interest rate environment will continue toprovide headwind for businesses in Mainland China and Hong Kong. As a result of challenging market conditions, the Group has stayeddefensive and employed a low-leverage position. We will continue toexplore potential business opportunities to bring long term value for theshareholders of the Company (the “Shareholders”). Xu ChujiaChairman 30 June 2023 Management Discussion and Analysis BUSINESS REVIEW, MARKET PROSPECT ANDOUTLOOK The Group is principally engaged in the trading of machinery and spareparts, leasing of machinery and provision of related services, provisionof transportation services in Hong Kong, and provision of propertymanagement services, leasing of machinery and property leasing andsubletting in the People’s Republic of China (the “PRC”). During a large part of the Year, the slow real estate markets in MainlandChina and Hong Kong have continued to impact our business inconstruction machinery leasing. With the relatively high interest rateenvironment in Hong Kong and the deleveraging trend of real estatedevelopers in the Mainland China, the Board remains vigilant of themarket situation i