太和控股二零二三年中期报告

INTERIM REPORT CONTENTS Pages 22 Corporate InformationManagement Discussion and AnalysisCorporate Governance and Other InformationCondensed Consolidated Statement ofProfit or Loss and Other Comprehensive IncomeCondensed Consolidated Statement ofFinancial PositionCondensed Consolidated Statement ofChanges in EquityCondensed Consolidated Statement ofCash FlowsNotes to the Condensed ConsolidatedFinancial Statements 55 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Wang Hongfang(Chairman and Chief Executive Officer)Mr. Zheng Yuchun(Executive President) Non-Executive Director Mr. Xiao Yiqun(retired on 27 June 2023) Independent Non-Executive Directors Dr. Gao BinMr. Leung Ting Yuk(appointed on 15 July 2023)Ms. Song Yanjie(appointed on 18 August 2023)Ms. Liu Yan(resigned on 4 August 2023)Mr. Tang King Shing,GBS, PDSM(resigned on 15 July 2023) AUDIT COMMITTEE Mr. Leung Ting Yuk(Chairman)(appointed as member on 15 July 2023 andappointed as Chairman on 4 August 2023)Ms. Liu Yan(Chairman)(resigned on 4 August 2023)Dr. Gao BinMs. Song Yanjie(appointed on 18 August 2023)Mr. Tang King Shing,GBS, PDSM(resigned on 15 July 2023) REMUNERATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting Yuk(appointed on 15 July 2023)Ms. Song Yanjie(appointed on 18 August 2023)Ms. Liu Yan(resigned on 4 August 2023)Mr. Tang King Shing,GBS, PDSM(resigned on 15 July 2023) Corporate Information公司資料 NOMINATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting Yuk(appointed on 15 July 2023)Ms. Song Yanjie(appointed on 18 August 2023)Ms. Liu Yan(resigned on 4 August 2023)Mr. Tang King Shing,GBS, PDSM(resigned on 15 July 2023) COMPANY SECRETARY Mr. Poon Yick Pang Philip AUTHORISED REPRESENTATIVE Mr. Zheng YuchunMr. Poon Yick Pang Philip REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 26424202–03A Room 4202–03A, 42th FloorChina Resource Building26 Harbour RoadWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN BERMUDA Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Corporate Information BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR 810 Elite Partners CPA LimitedCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council Ordinance10/F., 8 Observatory RoadTsim Sha Tsui, KowloonHong Kong LEGAL ADVISERS As to Bermuda lawConyers Dill & Pearman As to Hong Kong lawNorton Rose Fulbright Hong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedShanghai Commercial Bank Limited COMPANY’S WEBSITE www.irasia.com/listco/hk/taiunited/index.htm www.irasia.com/listco/hk/taiunited/index.htm ir@taiunited.com INVESTOR RELATIONS Email: ir@taiunited.com STOCK CODE 718 BOARD LOT SIZE 5,000 shares Management Discussion and Analysis管理層討論及分析 FINANCIAL PERFORMANCE 99.694.85.1%(i)(ii)773.0321.9140.1% The revenue of the Company for the Reporting Period wasapproximately HK$99.6 million, representing a 5.1% incrementas compared to revenue of approximately HK$94.8 millionfor the period ended 30 June 2022, such increase was mainlycontributed by the increase in revenue generated from (i)properties management and related services; and (ii) sales ofmedical equipment in the People’s Republic of China (“China” or“PRC”) in the ordinary and usual course of business of the Group,partially offset by the decrease in revenue from sales of flooringmaterials. Revenue increased and notwithstanding the Companyactively implementing its continuous cost saving plan, the Groupstill recorded a loss before tax of approximately HK$773.0 millionduring the Reporting Period, increased by 140.1% as comparedwith the loss before tax of approximately HK$321.9 million in thesame period ended 30 June 2022, due to the combined effect of: (i)2019443.2 (i)A decrease in fair value of investment properties toapproximately HK$443.2 million resulting from the adverseimpact post COVID-19 pandemic; (ii)248.6 (ii)provision for guarantee contracts of approximately HK$248.6million during the Reporting Period, which was due toguarantees provided by immediate holding companies of theGuangzhou Shopping Mall and Jinzhou Shopping Mall (asdefined below). The guarantees were provided to onshorebanks in the PRC in relation to third party loans and suchguarantees were not disclosed to the Group by the seller atthe time of acquisition of the holding companies of the twoshopping malls. 112.2 Income tax credit for the Reporting Period was approximatelyHK$112.2 million. 271.3661.2 Taking into account the income tax mentioned above andnetting of non-controlling inte