松龄护老集团2023中期报告

Contents目錄 02Corporate Information04Chairman’s Statement08Management Discussion and Analysis18Corporate Governance and Other Information23Condensed Consolidated Statement ofProfit or Loss24Condensed Consolidated Statement ofComprehensive Income25Condensed Consolidated Statement ofFinancial Position27Condensed Consolidated Statement ofChanges in Equity29Condensed Consolidated Statement of Cash Flows31Notes to Condensed ConsolidatedInterim Financial Information Corporate Information公司資料 董事會 BOARD OF DIRECTORSNon-executive directors 非執行董事 Mr. Choi Wun Hing Donald(Chairman)Mr. Wong Hung HanMr. Tsang Tin ForMr. Wu Tat Ming DameinMs. Hui Wai Man 執行董事 Executive directorMr. Chan Yip Keung(Chief Executive Officer) 獨立非執行董事 Independent non-executive directorsMr. Yuen Tak Tim AnthonyMr. Lam Cheung WaiMr. Wong Kam PuiMr. Wong Kit Loong 審核委員會 AUDIT COMMITTEE Mr. Yuen Tak Tim Anthony(Chairman)Mr. Lam Cheung WaiMr. Wong Kam PuiMr. Wong Kit Loong 提名委員會 NOMINATION COMMITTEE Mr. Choi Wun Hing Donald(Chairman)Mr. Yuen Tak Tim AnthonyMr. Lam Cheung Wai REMUNERATION COMMITTEE 薪酬委員會 Mr. Yuen Tak Tim Anthony(Chairman)Mr. Choi Wun Hing DonaldMr. Lam Cheung Wai 授權代表 AUTHORISED REPRESENTATIVES Mr. Tsang Tin ForMr. Chan Yip Keung COMPANY SECRETARYMr. Lo Sze Hung 公司秘書 香港主要營業地點68–721 PRINCIPAL PLACE OF BUSINESS IN HONG KONG G/F, 1 Koon Wah Lane,68–72 Yuk Wah Street,Tsz Wan Shan,Kowloon, Hong Kong 註冊辦事處 REGISTERED OFFICE Cricket Square, Hutchins Drive,PO Box 2681, Grand Cayman KY1-1111,Cayman Islands Cricket Square, Hutchins Drive,PO Box 2681, Grand Cayman KY1-1111,Cayman Islands Corporate Information公司資料 開曼群島股份過戶登記總處 PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket Square,Hutchins Drive, PO Box 2681,Grand Cayman KY1-1111,Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square,Hutchins Drive, PO Box 2681,Grand Cayman KY1-1111,Cayman Islands 香港股份過戶登記分處1617 HONG KONG BRANCH SHARE REGISTRAR Tricor Investor Services Limited17th Floor, Far East Finance Centre,16 Harcourt Road, Hong Kong 獨立核數師22 INDEPENDENT AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s Building, Central, Hong Kong LEGAL ADVISER 法律顧問 140 (as to Hong Kong law)Chiu & Partners40/F, Jardine House,1 Connaught Place, Hong Kong 主要往來銀行83 PRINCIPAL BANKERS Hang Seng Bank Limited83 Des Voeux Road Central, Hong Kong 15110 Nanyang Commercial Bank Limited10/F,151 Des Voeux Road Central, Central, Hong Kong 1 The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road Central, Hong Kong 20 Bank of Communications (Hong Kong) Limited20 Pedder Street, Central, Hong Kong 38 Fubon Bank (Hong Kong) LimitedFubon Bank Building, 38 Des Voeux Road, Central, Hong Long 328 China Construction Bank (Asia) Corporation Limited28/F, CCB Tower, 3 Connaught Road Central,Central, Hong Kong 股份代號1989 STOCK CODE1989 公司網站www.pinecaregroup.com COMPANY WEBSITEwww.pinecaregroup.com Chairman’s Statement主席報告 Dear Shareholders, 2023930 On behalf of the board (the“Board”) of directors (“Directors”) of Pine CareGroup Limited (the“Company”), I am pleased to present this interim report ofthe Company and its subsidiaries (the“Group”or“Pine Care Group”) for thesix month period ended 30 September 2023 (the“Period”or“period underreview”). 概覽 OVERVIEW 20232023 2023 continues to be a challenging year across many industries, including ourown. I am pleased to report that our business continued to demonstrate agreat degree of agility and resilience during the atypical times in 2023. Financially, 2023 was still a difficult year which recorded losses of HK$23.6million for the Period. The unfavourable impact of the COVID-19 situationcontinued that performance in relation to our operations had been adverselyaffected. 202323.6 890.9%88.9%•10.078.0% Despite all the hardships and challenges posed by the COVID-19 situation, weremained committed to delivering quality healthcare services and placing thewell-being of our residents at the forefront. With our perseverance, I ampleased to report that our core business of our 8 EA1(Note)residential carehomes for the elderly (“RCHEs”) remains strong with an average occupancyrate of 90.9% compared to 88.9% for the same period last year, while theoccupancy of our Silverage Collection (comprising Pine Care Place in YohoMall, Yuen Long; and Pine Care Point in Shek Kip Mei) also recorded adouble-digit increment of 10.0 percentage points, reaching an averageoccupancy of 78.0% during the period under review. 16EBITDA19.7• Excluding the effect of non-recurring adjustments and our adoption of theHong Kong Financial Reporting Standard (“HKFRS”) 16 Leases, our coreEBITDA during the period under review amounted to HK$19.7 million, in whichthe decrement was mainly attributed to loss of Pine Residence, our newflagship of our Silverage Collection at initial ramp up period. Chairman’s State