帝王实业控股二零二三年年报

Stock Code195 01950 Corporate Information2Financial Highlights5Statement from the Board of Directors6Management Discussion and Analysis8Biographies of Directors and Senior Management20Directors’ Report25Corporate Governance Report41Independent Auditors’ Report58Consolidated Statement of Profit or Loss and OtherComprehensive Income65Consolidated Statement of Financial Position67Consolidated Statement of Changes in Equity69Consolidated Statement of Cash Flows70Notes to the Consolidated Financial Statements72Financial Summary164 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Chen HuaMr. Lam Kam Kong NathanielMr. Tse Chun ChungMr. Sun JingangMr. Gu Jianguo(Resigned on 3 March 2023)Ms. Zhu Jianqin(Resigned on 3 March 2023) 20233 320233 3 Independent non-executive Directors Mr. Au Hei ChingMr. Lee Cheung Yuet HoraceMs. Zhou XiaochunMr. Huang Zhenming(Appointed on 24 January 2024)Mr. Ho Ho Tung Armen(Resigned on 1 October 2023)Mr. Zheng Yu(Resigned on 24 January 2024) 20241 24202310 120241 24 AUDIT COMMITTEE Mr. Lee Cheung Yuet Horace(Chairman) (Redesignatedas Chairman on 1 October 2023)Mr. Au Hei ChingMs. Zhou XiaochunMr. Huang Zhenming(Appointed on 24 January 2024)Mr. Ho Ho Tung Armen(Resigned on 1 October 2023)Mr. Zheng Yu(Resigned on 24 January 2024) 202310 120241 24202310 120241 24 NOMINATION COMMITTEE Mr. Lee Cheung Yuet Horace(Chairman) (Redesignated asChairman on 21 April 2023)Mr. Lam Kam Kong Nathaniel(Redesignated as Chairmanon 3 March 2023 and ceased on 21 April 2023)Mr. Au Hei Ching(Appointed on 1 October 2023)Mr. Gu Jianguo(Resigned on 3 March 2023)Mr. Ho Ho Tung Armen(Resigned on 1 October 2023) ()20234 2120233 320234 21202310 120233 3202310 1 REMUNERATION COMMITTEE Mr. Lee Cheung Yuet Horace(Chairman)Mr. Chen HuaMs. Zhou Xiaochun COMPANY SECRETARY 20243 120243 120234 21 Mr. Wong Ka Sing(Appointed on 1 March 2024)Mr. Chan Ming Kei(Resigned on 1 March 2024)Mr. Lui Chi Ho(Resigned on 21 April 2023) Corporate Information AUTHORISED REPRESENTATIVES Mr. Lam Kam Kong NathanielMr. Wong Ka Sing(Appointed on 1 March 2024)Mr. Chan Ming Kei(Resigned on 1 March 2024) 20243 120243 1 LEGAL ADVISER Ince & CoSuites 4404-10, 44/FOne Island East18 Westlands Road, Taikoo PlaceHong Kong 18444404-10 INDEPENDENT AUDITOR KTC Partners CPA LimitedRoom 1305-07, 13/F.,New East Ocean Centre9 Science Museum Road,Tsim Sha Tsui, Kowloon, Hong Kong 9131305-07 PRINCIPAL BANK Bank of Communications Co., Ltd.Bank of China (Hong Kong) Limited www.dwhl1950.com COMPANY’S WEBSITEwww.dwhl1950.com STOCK CODE1950 1950 REGISTERED OFFICE Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman KY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman KY1-9009Cayman Islands Corporate Information HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN THE PRC No.2, Jiangshan RoadMeicheng TownJiande CountyHangzhou CityZhejiang ProvincePRC 2 PRINCIPAL PLACE OF BUSINESSIN HONG KONG 18444404-10 Suites 4404-10, 44/FOne Island East18 Westlands Road, Taikoo PlaceHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Financial Highlights 202312312022123169,135,00013.8%570,572,0002022501,437,000 Forthe year ended 31 December 2023(the“Year”or“Reporting Period”),the revenue of the Group wasapproximatelyRMB570,572,000(2022:RMB501,437,000),representing an increase of approximately RMB69,135,000 or13.8% as compared to the year ended 31 December 2022 (the“Prior Year”). 39,685,00020.5%233,383,0002022193,698,000 The gross profit of the Group for the Year was approximatelyRMB233,383,000(2022:RMB193,698,000),representingan increase of approximately RMB39,685,000 or 20.5% ascompared to the Prior Year. 24,874,00039,618,00019,451,000202221,851,000 For the Year, the Group recorded net profit of approximatelyRMB24,874,000 as compared to the net profit of approximatelyRMB39,618,000 for the Prior Year. Profit for the year attributableto owners of the Company was approximately RMB19,451,000(2022: RMB21,851,000). 4 . 1 120229.14 The basic and diluted earning per share was RMB4.11 cents(2022: basic and diluted earning per share was RMB9.14 cents(restated)). The Board has resolved not to declare the final dividend for theYear. Statement from the Board of Directors To all shareholders, On behalf of the board of directors (the “Board”) of DiwangIndustrial Holdings Limited (the “Company”), we are pleasedtopresent the annual report together with the auditedconsolidated financial statements of the Company and itssubsidiaries (the “Group”) for the Year. 20232024 Theyear 2023 was marked by intense global uncertaintydue to the political instability bet