昊天国际建投中期报告 2023/24

Contents 2Corporate Information4Management Discussion and Analysis23Corporate Governance and Other Information29Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income31333436 Condensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Financial Statements CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Fok Chi TakMr. Tang Yiu Chi JamesDr. Zhiliang Ou,J.P .(Australia) Non-executive Director Mr. Xu LinMr. Wei Bin (resigned on 1 April 2023) Independent Non-executive Directors Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him AbrahamMr. Chan Ming Sun Jonathan AUDIT COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman)Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him Abraham REMUNERATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Dr. Zhiliang Ou,J.P .(Australia)Mr. Xu LinMr. Li Chi Keung EliotMr. Chan Ming Sun Jonathan NOMINATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Mr. Fok Chi TakMr. Li Chi Keung EliotMr. Chan Ming Sun Jonathan CHIEF EXECUTIVE OFFICER Mr. Fok Chi Tak COMPANY SECRETARY Mr. Siu Chun Pong Raymond AUTHORISED REPRESENTATIVES Mr. Fok Chi TakMr. Siu Chun Pong Raymond CORPORATE INFORMATION AUDITOR ZHONGHUI ANDA CPA LimitedCertified Public Accountants LEGAL ADVISER Raymond Siu & Lawyers PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road EastWan Chai, Hong Kong PRINCIPAL BANKERS Shanghai Commercial Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) LimitedNanyang Commercial Bank, LimitedThe Bank of East Asia Limited REGISTERED OFFICE Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands PRINCIPAL PLACE OF BUSINESS Rooms 2510–2518, 25/FShui On Centre6–8 Harbour Road, WanchaiHong Kong 6-8252510-2518 STOCK CODE 1341 1341 WEBSITE www.haotianint.com.hk www.haotianint.com.hk MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Impact of Geopolitical Tensions, Military Occupation and HighInflation Rate Over the past few years, we have witnessed a period of intense crisis of survivalfor many enterprises in Hong Kong and much of the rest of the world. They haveto improve, re-assess and re-position themselves to do business amidst thechallenges of the Post COVID Era, geopolitical tensions, military occupation,high inflation rate, and other upheavals that were rarely encountered in recenthistory. The Group remained resilient and focused on its existing businesses. (i)(ii)(iii)(iv)(v)(vi) During the Period, the Group continued to pursue a long-term business strategyof diversifying into financial services business, property development business,and construction machinery business. The Group’s principal activities include:(i) securities investment; (ii) provision of securities brokerage and otherfinancial services; (iii) asset management; (iv) rental and trading of constructionmachinery; (v) property development; and (vi) money lending. Construction machinery business The Group offers crawler cranes of different sizes, other mobile cranes, aerialplatforms and foundation equipment in its construction machinery rentalfleet. The Group procures these construction machinery mainly through themanufacturers of construction machinery located in Western Europe, Japan andChina as well as traders of used construction machinery around the world. 170 The Group has maintained approximately 170 units of construction machineryin the rental fleet during the Period. In order to maintain a modern fleet ofconstruction machinery with a greater variety of models, the Group has beenreplacing portions of its fleet of construction machinery from time to time. TheBoard will continue to monitor the daily operations and review the expansion planof the rental fleet and the capital requirements of the Group regularly. The Groupmay reschedule such expansion plan according to the operation and needs, thepreference of the target customers and prevailing market conditions if necessary.To satisfy customers’ needs, the Group also sells spare parts for maintenancepurposes or upon request. Financial services business The Group holds licenses for conducting Type 1 (dealing in securities), Type4 (advising on securities) and Type 9 (asset management) regulated activitiesunder the Securities and Futures Ordinance (the “SFO”) and provides a widerange of financial services. 149 2 The revenue for the Period of the f