民生国际2023中期报告

CONTENTS 2Corporate Information4Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income6Condensed Consolidated Statement of Financial Position8Condensed Consolidated Statement of Changes in Equity10Condensed Consolidated Statement of Cash Flows12Notes to the Condensed Consolidated Interim Financial Information42Management Discussion and Analysis55Other Information CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Hu Xingrong(Chairman)Mr. Huang XiaohaiMr. Jin JiangguiMr. Li Zhenyu Independent Non-Executive Directors Ms. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi Po AUDIT COMMITTEE Mr. Wong Kwan Kit(Chairman)Ms. Pau Yee LingMr. Yuen Hoi Po REMUNERATION COMMITTEE Ms. Pau Yee Ling(Chairman)Mr. Hu XingrongMr. Huang XiaohaiMr. Wong Kwan KitMr. Yuen Hoi Po NOMINATION COMMITTEE Mr. Hu Xingrong(Chairman)Mr. Huang XiaohaiMs. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi Po ACG, ACS(PE) COMPANY SECRETARYMs. Ho Wing YanACG, ACS(PE) AUTHORISED REPRESENTATIVESMr. Huang XiaohaiMs. Ho Wing Yan AUDITORSHINEWING (HK) CPA Limited LEGAL ADVISERS As to Hong Kong lawONC Lawyers Conyers Dill & Pearman As to Bermuda lawConyers Dill & Pearman CORPORATE INFORMATION PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedThe Hongkong and Shanghai Banking Corporation Limited PRINCIPAL SHARE REGISTRAR MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Secretaries Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong LISTING INFORMATION 938 The Stock Exchange of Hong Kong LimitedOrdinary Share (Stock Code: 938) REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL PLACE OF BUSINESS 8714AB Unit A&B, 14/FTeda Building87 Wing Lok StreetSheung Wan, Hong Kong www.msil.com.hk COMPANY WEBSITEwww.msil.com.hk INVESTOR RELATIONSEmail: ir@msil.com.hk ir@msil.com.hk CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 SEPTEMBER 20232023930 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 SEPTEMBER 20232023930 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 SEPTEMBER 20232023930 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 SEPTEMBER 20232023930 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 SEPTEMBER 20232023930 10%50% (i)Under the People’s Republic of China (the “PRC”) laws and regulations,companies registered in the PRC are required to provide for certainstatutory reserve, which are to be appropriated from the net profit(after offsetting accumulated losses from prior years and before profitdistribution to equity holders) as reported in their respective statutoryfinancial statements. The statutory reserve is created for specificpurposes. The PRC companies are required to appropriate 10% of theirstatutory net profits to statutory reserve. A company may discontinue itscontribution when the aggregate sum of the statutory reserve is more than50% of its registered capital. The statutory reserve shall only be used tomake up losses of the PRC companies, to expand the PRC companies’production operations, or to increase the capital of the PRC companies.In addition, the PRC companies may make further contribution to thestatutory reserve using its net profits in accordance with resolutions of theboard of directors of the PRC companies. (ii)The merger reserve represents the following: (a)500,000545,00020194467,500510,000 (a)the difference between the carrying amount of net assets of theacquired subsidiary, Zhejiang Huiyong Property ManagementService Co., Ltd* (“”) (HuiyongProperty Management”) (formerly known as Zhejiang DoofProperty Management Services Co., Ltd* (“”)), at the date the Group and Huiyong PropertyManagement become under common control and the purchaseconsideration for acquisition of Huiyong Property Managementof RMB500,000 (equivalent to approximately HK$545,000);and the capital contribution of RMB467,500 (equivalent toapproximately HK$510,000) from the prior shareholder, Mr. HuXingrong (“Mr. Hu”), in April 2019; and (b)848,394,00067,124,0001,975,537,000138,228,000 (b)the difference between the carrying amount of net assets ofthe acquired subsidiaries, Tafutsu Kabushiki Kaisha* () (“Doof Japan”) and its subsidiaries (collectivelyreferred as the “Doof Japan Group”) and the purchaseconsideration for the acquisition of the Doof Japan Group ofapproximately JPY848,394,000 (equivalent to approximatelyHK$67,124,000); and adjustment for the shareholder’s loan ofapproximately JPY1,975,537,000 (equivalent to a