星谦发展二零二四年中期报告

Incorporated in the Cayman Islands with limited liabilityStock Code640 2024Interim Report CONTENTS 2410141617 Corporate InformationManagement Discussion and AnalysisCorporate Governance and Other InformationIndependent Review ReportCondensed Consolidated Statement of Profit or LossCondensed Consolidated Statement of Profit or Loss andOther Comprehensive IncomeCondensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Financial Statements CORPORATE INFORMATION DIRECTORS Stephen Graham Prince Executive Directors Mr. Ieong Un(Chairman and Chief Executive Officer)Mr. Ip Chin WingMr. Ip Ka LunMr. Stephen Graham Prince Independent Non-executive DirectorsMr. Chan Wing Yau George Mr. Simon LukMr. Tong Hing WahMs. Li Sin Man(Appointment with effect from 29 December 2023) AUDIT COMMITTEE Mr. Tong Hing Wah(Chairman)Mr. Chan Wing Yau GeorgeMr. Simon LukMs. Li Sin Man(Appointment with effect from 29 December 2023) NOMINATION COMMITTEE Mr. Simon Luk(Chairman)Mr. Chan Wing Yau GeorgeMr. Tong Hing WahMr. Ip Ka LunMs. Li Sin Man(Appointment with effect from 29 December 2023) REMUNERATION COMMITTEE Mr. Chan Wing Yau George(Chairman)Mr. Simon LukMr. Tong Hing WahMr. Ip Ka LunMs. Li Sin Man(Appointment with effect from 29 December 2023) COMPANY SECRETARYMr. Shum Hoi Luen AUTHORISED REPRESENTATIVES Mr. Ip Chin WingMr. Shum Hoi Luen AUDITOR RSM Hong KongCertified Public Accountants(Public Interest Entity Auditor registeredin accordance with the Accounting and Financial ReportingCouncil Ordinance) CORPORATE INFORMATION REGISTERED OFFICE Third Floor, Century YardCricket Square, P.O. Box 902Grand CaymanKY1-1103Cayman Islands Third Floor, Century YardCricket Square, P.O. Box 902Grand CaymanKY1-1103Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 133222201–2202 Units 2201–2202, 22/FAlliance Building133 Connaught Road CentralHong Kong 202A–24616A–D HEAD OFFICE OF THE GROUP Rua de Pequim No. 202A–246Macau Finance Centre16 Andar A–D, Macau LEGAL ADVISERMichael Li & Co. PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Tricor Services (Cayman Islands) LimitedThird Floor, Century YardCricket Square, P.O. Box 902Grand CaymanKY1-1103Cayman Islands Tricor Services (Cayman Islands) LimitedThird Floor, Century YardCricket Square, P.O. Box 902Grand CaymanKY1-1103Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS Banco Tai Fung, S.A.R.L., MacauThe Bank of East Asia, Ltd., MacauThe Hongkong and Shanghai Banking Corporation Limited, MacauCitibank, N.A., Hong KongDBS Bank (Hong Kong) LimitedBank of China (Hong Kong) Limited 640 STOCK CODE640 www.infinitydevelopment.com.hk CORPORATE WEBSITEwww.infinitydevelopment.com.hk MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW Revenue 332,498,000358,656,000 The revenue of Infinity Development Holdings Company Limited (the“Company”) and its subsidiaries (collectively the “Group”) for thesix months ended 31 March 2024 and 2023 were approximatelyHK$332,498,000 and approximately HK$358,656,000 respectively,and remained fairly stable. Gross profit 124,918,000105,965,00017.9% Thegross profit of the Group for the six months ended31March 2024 and 2023 were approximately HK$124,918,000andapproximately HK$105,965,000 respectively,representing anincrease of approximately 17.9%. Theincrease in the gross profit was primarily due to thestrengthening of its costs control proactively and effectively by theGroupin response to the uncertainties of high inflation and thedecreasein purchasing power in the market for the six monthsended 31 March 2024. Other income 6,087,0003,471,00075.4%5,178,0001,486,000 Theother income of the Group for the six months ended 31March2024 and 2023 were approximately HK$6,087,000 andapproximately HK$3,471,000 respectively, representing an increaseof approximately 75.4%. The other income for the six months ended31 March 2024 and 2023 mainly represented the interest incomeof approximately HK$5,178,000 and approximately HK$1,486,000,respectively. 3,692,000(i)(ii) The increase in other income was primarily due to the increase ininterest income by approximately HK$3,692,000 for the six monthsended 31 March 2024 as a result of (i) the continuous increase in theaverage bank and cash balances of the Group; and (ii) the increasein market interest rates of the bank deposits for the six monthsended 31 March 2024 as compared to the one for the six monthsended 31 March 2023. Selling and distribution costs 22,622,00026,225,00013.7% The selling and distribution costs of the Group for the six monthsended 31 March 2024 and 2023 were approximately HK$22,622,000andapproximately HK$26,225,000 respectively,representing adecrease of approximately 13.7%. Thedecrease in selling and distribution costs was