濠江机电年报2023

CONTENTS目錄 2Corporate Information5Chairman’s Statement7Management Discussion and Analysis16Environmental, Social and Governance Report66Corporate Governance and Other Information87Biographical Details of Directors and Senior Management95Directors’ Report112Independent Auditor’s Report119Consolidated Statement of Profit or Loss andOther Comprehensive Income120Consolidated Statement of Financial Position121Consolidated Statement of Changes in Equity122Consolidated Statement of Cash Flows124Notes to the Consolidated Financial Statements196Summary of Financial Information CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Cheong Ka Wo(Chairman & Chief Executive Officer)Mr. Leong Kam Leng Independent Non-executive Directors Mr. Chan Ming KitMr. Law Lap TakMs. Lee Sze Ming BOARD COMMITTEES Audit Committee Mr. Law Lap Tak(Chairman)Mr. Chan Ming KitMs. Lee Sze Ming Nomination Committee Ms. Lee Sze Ming(Chairlady)Mr. Chan Ming KitMr. Law Lap Tak Remuneration Committee Mr. Chan Ming Kit(Chairman)Mr. Law Lap TakMs. Lee Sze Ming COMPANY SECRETARY Mr. Chan Yat Lui AUTHORISED REPRESENTATIVES Mr. Cheong Ka WoMr. Chan Yat Lui REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information HEADQUARTER AND PRINCIPAL PLACEOF BUSINESS IN MACAU 175–18110BD Avenida da Concórdianos 175–181Edifício Industrial Wang Fu10 Andar B e D Macau PRINCIPAL PLACE OF BUSINESS INHONG KONG 183484801 Room 4801, 48/F,Hopewell Centre,No. 183 Queen’s Road, East,Wanchai, Hong Kong HONG KONG BRANCH SHAREREGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL SHARE REGISTRAR Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands AUDITOR ·8835 Deloitte Touche TohmatsuCertified Public Accountants andRegistered Public Interest Entity Auditor35/F One Pacific Place88 QueenswayHong Kong Corporate Information LEGAL ADVISORS 839 As to Hong Kong law:Sidley AustinLevel 39, Two International Finance Centre8 Finance Street, CentralHong Kong Conyers Dill & PearmanCricket Square Hutchins DrivePO Box 2681 Grand CaymanCayman Islands As to Cayman Islands law:Conyers Dill & PearmanCricket Square Hutchins DrivePO Box 2681 Grand CaymanCayman Islands PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedBank of China, Macau BranchBanco Nacional Ultramarino www.macauem.com WEBSITE www.macauem.com 1408 STOCK CODE 1408 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of Macau E&M Holding Limited (the“Company”), I herebyannounce the annual results of the Company and its subsidiaries(collectively the“Group”,“we”,“us”or“our”) for the year ended 31December 2023 (the“Year”). 20231231 128.3 During the Year, we recorded total revenue of MOP128.3 million.Business activities were slower when compared with the last threeyears. The various sectors in Macau Special Administrative Region(“Macau”) and the entire city were overshadowed by negativesentiment. As a result, our business performance was inevitably andadversely affected. Despite facing a challenging business environment, we did manage towin a good number of projects. However, their profit margins were notat all handsome for the strategic reason of us wishing to maintainrelationship with our customers. As a result, the revenue from certainprojects with low profit margin was not able to cover all the associatedfixed costs and salaries of the Group. The biggest expenditure items ofour operations have always been salary cost plus other fixed costs.Nevertheless, backed by our well-established market position andreputation, we will continue to secure more electrical and mechanical(“E&M”) contracts as well as implement stringent cost controlmeasures, thus are confident of seeing our business and incomeimprove in the near future. 20248.3%21%1 Looking forward, with the University of Macau predicting grossdomestic product of Macau set to increase by between 8.3% and 21%in 20241, we are optimistic about the outlook of Macau and her E&Mindustry as a whole, and in turn our business performance. We willexplore new business frontiers for the Group. Our eyes are set on publichousing projects, new government initiatives, and pursuits of all kinds.With significant progress made in optimizing internal operations, we areachieving greater efficiencies and cost savings on various operationalfronts. As importantly, we have also strengthened our core competence,best practices, advanced construction technologies and financialposition. Chairman’s Statement 2023 On behalf of the board (the“Board”) of directors (the“Director(s)”)and management of the Company, I thank all our shareholders,investors, customers and partners for their trust