华音国际控股中期报告2023/24

INTERIM REPORT2023/24 Contents目 錄 Corporate InformationManagement Discussion and AnalysisReport on Review of Interim Financial InformationCondensed Consolidated Statement of Profit or LossCondensed Consolidated Statement of Comprehensive IncomeCondensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Financial StatementsOther Information252932333436373989 Corporate Information BOARD OF DIRECTORS Executive Directors CUI Xintong(Co-chairperson)LI Junjie(Chief Executive Officer)CONG PeifengXU Yingchuan Non-executive Directors CUI MindongSUI Guangyi(Co-chairperson) Independent Non-executive Directors TSANG Hung KeiWANG XiaochuWANG Xueguang BOARD COMMITTEES Audit Committee TSANG Hung Kei(Chairperson)WANG XiaochuWANG Xueguang Remuneration Committee TSANG Hung Kei(Chairperson)CUI XintongWANG XiaochuWANG Xueguang Nomination Committee CUI Xintong(Chairperson)TSANG Hung KeiWANG XiaochuWANG Xueguang COMPANY SECRETARY NG Man Kit Micky REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 26131305(852) 2209 2888(852) 2209 2988http://www.huayininternational.com Room 1305, 13th FloorChina Resources BuildingNo. 26 Harbour RoadWanchai, Hong KongTel: (852) 2209 2888Fax: (852) 2209 2988Website: http://www.huayininternational.com PRINCIPAL SHARE REGISTRAR 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 HONG KONG BRANCH SHARE REGISTRAR Tricor Abacus Limited17/F, Far East Finance Centre,16 Harcourt RoadHong Kong HONG KONG LEGAL ADVISOR Michael Li & Co. AUDITOR Mazars CPA LimitedCertified Public Accountants PRINCIPAL BANKERS Hang Seng Bank Limited STOCK CODE 989 989 Management Discussion and Analysis OVERVIEW AND OUTLOOK 36.715.875.5%5A4A98.5% The re-bound of domestic travel has created a new opportunityin the cultural tourism sector. During the first three quartersof 2023, the domestic travel visitors reached 3.67 billionrepresenting an increase of 1.58 billion and a growth of 75.5%from the corresponding period last year. In particular, the totaltravel visitors in 5A and 4A tourist attractions in Jilin Provinceexperienced an increase of 98.5% when compared to the firstthree quarters of 2023 and 2022. Following the finalisation of the Group’s strategy – “one coreproduct strategy coupled with supplementary business”, theCompany’s management has actively conducted prudentproject research, due diligence or formulated execution plans onits core business in cultural tourism projects; and supplementarybusinesses in mineral water industry and ginseng industry. 64,880 In June 2023, the Group, together with Jilin Province TiandeHoldings Group Company Limited and Jilin Province WandingHoldings Group Company Limited, have established a jointventure company to prepare for a property development projectwithin a cultural tourism project in Dunhua City, Yanbian KoreanAutonomous Prefecture, Jilin Province with a total site area ofapproximately 64,880 square metres and for commercial andresidential purposes. 84,00060,000 Subsequent to 30 September 2023, the Group entered into aninvestment framework agreement with the People’s Governmentof Dunhua Municipality for another cultural tourism project inDunhua City, Yanbian Korean Autonomous Prefecture, JilinProvince with an expected total site area of approximately84,000 square metres and a gross floor area of approximately60,000 square metres. 60,000,000 With respect to the Group’s financing, the Group completed theplacing of convertible bonds with a principal amount of HK$60million in June 2023, the proceeds of which will be primarily usedfor the Group’s new projects/business as well as repayment ofits debts. Management Discussion and Analysis BUSINESS REVIEW 44,000,000335,500,00086.9%15,800,00054,300,00079,900,000416,600,000 For the six months ended 30 September 2023, the Group’soverall revenue was approximately RMB44.0 million (six monthsended 30 September 2022: RMB335.5 million), representing adecrease of 86.9%. The Group had a gross profit of RMB15.8million for the six months ended 30 September 2023 (sixmonths ended 30 September 2022: RMB54.3 million) andnet loss for the period of RMB79.9 million (six months ended30 September 2022: net profit of RMB416.6 million). Property Development The Group’s project in Jiutai District, Changchun City, namelyGuangze Jiuxi Red House – Phase I, was completed anddelivered in the year ended 31 March 2023. As at 30 September2023, the Phase II of the project is currently under construction. A In addition, the Group’s project in Baishan City, namely GuangzeChina House continued its development for the period