永义国际2023/24 中期业绩报告

Contents 2Corporate Information5Management Discussion and Analysis28Disclosure of Interests32Share Option Scheme35Corporate Governance and Other Information39Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income42Condensed Consolidated Statement of Financial Position44Condensed Consolidated Statement of Changes in Equity46Condensed Consolidated Statement of Cash Flows48Notes to the Condensed Consolidated Financial Statements Easyknit International Holdings Limited2023/24 Interim Report Corporate Information BOARD OF DIRECTORS Executive Directors Ms. Koon Ho Yan Candy(President and Chief Executive Officer)Ms. Lui Yuk Chu(Vice President) Independent Non-executive Directors Mr. Tsui Chun KongMr. Jong Koon SangMr. Lau Chak Hang Charles AUDIT COMMITTEE Mr. Tsui Chun Kong(Chairman)Mr. Jong Koon SangMr. Lau Chak Hang Charles REMUNERATION COMMITTEE Mr. Jong Koon Sang(Chairman)Mr. Tsui Chun KongMr. Lau Chak Hang Charles NOMINATION COMMITTEE Mr. Lau Chak Hang Charles(Chairman)Mr. Tsui Chun KongMr. Jong Koon Sang EXECUTIVE COMMITTEE Ms. Koon Ho Yan Candy(Chairman)Ms. Lui Yuk Chu COMPANY SECRETARY Mr. Lee Po Wing AUDITOR 8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F, One Pacific Place88 QueenswayHong Kong LEGAL ADVISERS David Norman & Co. As to Hong Kong law:David Norman & Co. As to Bermuda law:Conyers Dill & Pearman PRINCIPAL BANKERS Hang Seng Bank Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL PLACE OF BUSINESS 481–48367A Block A, 7th FloorHong Kong Spinners Building, Phase 6481–483 Castle Peak RoadCheung Sha Wan, KowloonHong Kong BERMUDA PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda Easyknit International Holdings Limited2023/24 Interim Report Corporate Information(continued) HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre,16 Harcourt Road, Hong Kong STOCK CODE 1218 1218 www.easyknit.com WEBSITE ADDRESS www.easyknit.com Management Discussion and Analysis T h eb o a rd of d i r e c to r s(t h e“B o a r d”o r t h e“Directors”)of Easyknit International HoldingsLimited(the“Company”)is pleased to presenttheunaudited condensed consolidated results ofthe Company and its subsidiaries (collectively the“Group”) for the six months ended 30 September2023 (the “Period”). 2023930 OVERVIEW TheGroup was principally engaged in propertydevelopment,property investment,investment insecurities and others and loan financing businessesw h i c hp r o p e r t y d e v e l o p m e n t a n d p r o p e r t yinvestment are the core businesses of the Group. FINANCIAL RESULTS 130,124,0002022930202237,808,00092,316,0003.436.7%202276.9%202213,063,00013,063,000100% F o rt h e P e r i o d ,t h e G r o u p’s r e v e n u e f r o mcontinuingoperations amounted to approximatelyHK$130,124,000 as compared with the six monthsended 30 September 2022 (the “2022 Period”) ofapproximatelyHK$37,808,000,which representedanincrease of approximately HK$92,316,000 orapproximately 3.4 times. The Period’s gross profitmarginwas approximately 36.7%(2022 Period:approximately 76.9%). For the Period, the Group’srevenuefrom discontinued operation amountedtoHK$nil as compared with the 2022 Period ofapproximatelyHK$13,063,000,which representeda decrease of HK$13,063,000 or 100%. Easyknit International Holdings Limited2023/24 Interim Report Management Discussion and Analysis(continued) 70,544,000202225,103,00068,452,000202231,694,000(i)(ii)(iii)(iv)2,092,00020226,591,000 Forthe Period,the Group’s consolidated lossat tr ibu ta bleto s ha re holde r s of the C ompa ny( t h e“S h a r e h o l d e r s” )w a s a p p r o x i m a t e l yHK$70,544,000 as compared with the 2022 Periodof approximately HK$25,103,000. The consolidatedloss from continuing operations for the Period wasapproximatelyHK$68,452,000 as compared withthe 2022 Period of approximately HK$31,694,000.The increase in net loss was mainly attributable to,among other things, (i) increase in loss on changesin fair value of investment properties; (ii) increasein write-down on properties held for developmentfor sale; and (iii) increase in finance costs. Suchlosswas partially offset by(iv)increase in gainon changes in fair value of financial assets at fairvalue through profit or loss. The consolidated lossfromdiscontinued operation was approximatelyH K$2,092,0 0 0,a s c o m pa re d w i th a p rof i t ofapproximately HK$6,591,000 for the 2022 Period. 0.9520220.34 T h eb a s i c a n d d i l u te d l o s s p e r s h a r e f r o mcontinuing and discontinued operations amountedtoHK$0.95 for the Period,as compared withHK$0.34 for the 2022 Pe