西藏水资源年报 2023

PREMIUMWATERGLACIER MINERAL IN THE MARKET CONTENTS目錄 GROUP INFORMATION & RESULTS OVERVIEW集團資料及業績概要 Corporate Information2公司資料 CORPORATE GOVERNANCE企業管治Corporate Governance Report33企業管治報告 DIRECTORS’ REPORT & FINANCIAL INFORMATION董事會報告及財務資料 Directors’ Report55董事會報告Independent Auditors’ Report76獨立核數師報告Consolidated Statement of Profit or Loss85綜合損益表Consolidated Statement of Other Comprehensive Income86綜合其他全面收益表Consolidated Statement of Financial Position87綜合財務狀況表Consolidated Statement of Changes in Equity89綜合權益變動表Consolidated Statement of Cash Flows90綜合現金流量表Notes to the Consolidated Financial Statements93綜合財務報表附註Definitions254詞彙 CORPORATE INFORMATION公司資料 本公司董事會 THE BOARD OF THE COMPANYEXECUTIVE DIRECTORS 執行董事 Mr. CHOW Wai KitMr. CHENG Gwan SingMr. YUE Zhiqiang(appointed on 21 July 2023) Mr. YAN Qingjiang(resigned on 21 July 2023) NON-EXECUTIVE DIRECTORS 非執行董事 Ms. JIANG XiaohongMr. XIE KunMr. WEI Zheming 獨立非執行董事 INDEPENDENT NON-EXECUTIVE DIRECTORS Dr. ZHANG Chunlong(Chairman)Mr. LO Wai HungMs. LIN Ting 行政總裁 CHIEF EXECUTIVE OFFICERMr. WANG Dong COMPANY SECRETARYMr. CHOW Wai Kit 公司秘書 授權代表 AUTHORISED REPRESENTATIVES Mr. CHOW Wai KitMr. CHENG Gwan Sing(appointed on 21 July 2023)Mr. YAN Qingjiang(resigned on 21 July 2023) 獨立外聘核數師 INDEPENDENT EXTERNAL AUDITORHLB Hodgson Impey Cheng LimitedCertified Public Accountants 法律顧問－關於香港法律 LEGAL ADVISOR – AS TO HONG KONG LAWSit, Fung, Kwong & Shum Solicitors CORPORATE INFORMATION 法律顧問－關於開曼群島法律 LEGAL ADVISOR – AS TO CAYMAN ISLANDS LAWConyers Dill & Pearman 投資者關係顧問 INVESTOR RELATIONS CONSULTANT 93303+852 2248 1188+852 8148 8400 Kredito PR Consultancy LimitedUnit 303, 3/F., New East Ocean Centre,No.9 Science Museum Road Tsim Sha Tsui, Kowloon, Hong KongPhone: +852 2248 1188Fax: +8528148 8400 註冊辦事處 REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands 總部及香港主要營業地點 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 9523D Unit D, 23rdFloor, United Centre95 Queensway, Admiralty,Hong Kong 香港股份登記分處 HONG KONG BRANCH SHARE REGISTRAR 3382333301-04+852 2849 3399+852 2849 3319 Union Registrars LimitedSuites 3301-04, 33/F.,Two Chinachem Exchange Square338 King’s Road,North Point, Hong KongPhone: +852 2849 3399Fax: +852 2849 3319 主要股份登記及過戶處 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands 公司資料查閱網址* WEBSITES TO ACCESS COMPANY INFORMATION* http://www.twr1115.nethttp://www.hkexnews.hk http://www.twr1115.nethttp://www.hkexnews.hk 聯交所主板股份代號 STOCK CODE ON MAIN BOARD OF THE STOCK EXCHANGE 1115 1115 * *contents of the websites do not form part of this Annual Report LETTER TO SHAREHOLDERS致股東函件 LETTER TO SHAREHOLDERS Dear Shareholders, The Board of Directors presents the Annual Report of the Group for theyear ended 31 December 2023 for shareholders’ review. With the full lifting of the restrictions on the COVID-19 pandemic in early2023,the Chinese economy has demonstrated a solid recovery.In theprocess, although the pandemic had certain impacts on some of our saleschannels and business partners, the Group was able to effectively mitigatethese impacts with our resilience and flexible response strategies. In 2023,we continued to deepen our efforts in the water resources industry andbeerindustry in Tibet,committed to enhancing customer experience,optimizing channel layout and striving to promote Tibet’s quality productsto a wider consumer market. 51%32.9%87%43%0.1% Looking back at the past year, although the market environment was fullof challenges, unlimited business opportunities abounded. Our packageddrinking water products saw a steady recovery in consumer flow in themarketchannel,with sales volume growing significantly by 51%andrevenue increasing by 32.9% year-on-year. In the beer business, we firmlyimplemented the strategy of enhancing our own brand, and barley beer,ourmain category,accounted for 87%of our beer business revenue.Through a series of strategic adjustments, the proportion of collaborativeproducts in total sales declined significantly, from 43% in 2022 to 0.1%in 2023. This shift has resulted in a significant increase in the overall salesvolume and sales revenue of beer products of our own brand. In order to promote the Group’s continuous progress in the new journey,wehave formulated the following development strategies:firstly,baseourselveson the Tibetan market,further optimize the national layout,consolidateand expand market share;secondly,follow with the trendofhealthy consumption,strengthen product research and development,and launch more products to meet the needs of consumers; meanwhile,payattention to the dynamics of the international market,and active