佳明集团控股2023/24年报

CONTENTS目錄 Corporate Information公司資料2Financial Highlights財務摘要4Five-Year Financial Summary五年財務概要5Chairman’s Statement主席報告6Management Discussion and Analysis管理層討論及分析10Report of the Directors董事會報告14Biographies of Directors and Senior Management董事及高級管理層履歷31Corporate Governance Report企業管治報告36Independent Auditor’s Report獨立核數師報告50Consolidated Statement of Profit or Loss綜合損益表56Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表57Consolidated Statement of Financial Position綜合財務狀況表58Consolidated Statement of Changes in Equity綜合權益變動表60Consolidated Cash Flow Statement綜合現金流量表61Notes to the Consolidated Financial Statements綜合財務報表附註63Particulars of Properties Held by the Group本集團所持有物業資料152 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORSExecutive Directors 董事會 執行董事 陳孔明先生（主席）劉志華先生（行政總裁）關永和先生（財務總監）曾嘉敏女士 Mr. Chan Hung Ming(Chairman)Mr. Lau Chi Wah(Chief Executive Officer)Mr. Kwan Wing Wo(Chief Financial Officer)Ms. Tsang Ka Man 獨立非執行董事 Independent Non-Executive DirectorsMr. Tsui Ka WahMr. Kan Yau WoMr. Ho Chiu Yin IvanMr. Lee Chung Yiu Johnny 徐家華先生簡友和先生何超然先生李宗燿先生 董事委員會審核委員會 何超然先生（主席）徐家華先生簡友和先生李宗燿先生 COMMITTEES OF THE BOARDAudit Committee Mr. Ho Chiu Yin Ivan(Chairperson)Mr. Tsui Ka WahMr. Kan Yau WoMr. Lee Chung Yiu Johnny 薪酬委員會徐家華先生（主席）簡友和先生何超然先生李宗燿先生 Remuneration CommitteeMr. Tsui Ka Wah(Chairperson)Mr. Kan Yau WoMr. Ho Chiu Yin IvanMr. Lee Chung Yiu Johnny 提名委員會簡友和先生（主席）徐家華先生何超然先生李宗燿先生 Nomination CommitteeMr. Kan Yau Wo(Chairperson)Mr. Tsui Ka WahMr. Ho Chiu Yin IvanMr. Lee Chung Yiu Johnny 授權代表陳孔明先生劉志華先生 AUTHORISED REPRESENTATIVESMr. Chan Hung MingMr. Lau Chi Wah 公司秘書梁偉泉先生，HKICPA, FCCA, ACG, HKACG COMPANY SECRETARYMr. Leung Wai Chuen,HKICPA, FCCA, ACG, HKACG 註冊辦事處 REGISTERED OFFICECricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman KY1-1111Cayman Islands CORPORATE INFORMATION(Continued)公司資料（續） 香港總部及主要營業地點 HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 香港九龍尖沙咀漆咸道南39號鐵路大廈22樓 22/F, Railway Plaza, No. 39 Chatham Road SouthTsim Sha Tsui, Kowloon, Hong Kong 主要股份過戶登記處 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 股份過戶登記處香港分處 BRANCH SHARE REGISTRAR AND TRANSFER OFFICEIN HONG KONG 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 Tricor Investor Services Limited17/F, Far East Finance Centre,16 Harcourt Road, Hong Kong 香港法律顧問德恒律師事務所（香港）有限法律責任合夥 HONG KONG LEGAL ADVISERDeHeng Law Offices (Hong Kong) LLP 核數師香港立信德豪會計師事務所有限公司 AUDITORBDO Limited 主要往來銀行大新銀行有限公司大華銀行香港分行 PRINCIPAL BANKERSDah Sing Bank, LimitedUnited Overseas Bank Limited, Hong Kong Office 股份代號1271 STOCK CODE1271 公司網址www.grandming.com.hk COMPANY WEBSITEwww.grandming.com.hk FINANCIAL HIGHLIGHTS財務摘要 FIVE-YEAR FINANCIAL SUMMARY五年財務概要 CHAIRMAN’S STATEMENT主席報告 Chan Hung Ming陳孔明Chairman主席 On behalf of the board (the “Board”) of directors (the “Directors”) ofGrand Ming Group Holdings Limited (the “Company”), I am delightedto present the annual report of the Company and its subsidiaries(collectively the “Group”) for the year ended 31 March 2024 (“FY2023/24”). 本人謹代表佳明集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本公司及其附屬公司（統稱「本集團」）截至二零二四年三月三十一日止年度（「2023/24年度」）的年報。 業績 RESULTS The Group’s profit for the year amounted to HK$298.5 million,representing a decrease of 76.6% as compared to HK$1,275.5 million forthe year ended 31 March 2023 (“FY 2022/23”). Disregarding the changein fair value of investment properties, the Group recorded an underlyingloss for the year of HK$85.7 million, compared to an underlying profit ofHK$1,299.3 million in FY 2022/23. The deterioration in the results wasprimarily due to the substantial decrease in the number of propertiessold from property development projects during the year under review. 本集團2023/24年度之溢利為2.985億港元，較截至二零二三年三月三十一日止年度（「2022/23年度」）之溢利12.755億港元下跌76.6%。撇除投資物業公平值變動，本集團2023/24年度錄得基礎虧損8,570萬港元，對比2022/23年度則為基礎溢利�12.993億港元。業績下滑主要由於回顧年度內從物業發展項目售出的物業數量大幅減少。 股息 DIVIDENDS A final dividend for the year ended 31 March 2023 of 5.0 HK cents perordinary share of the Company (the “Share(s)”) and a special dividendof 15 HK cents per Share were paid to the shareholders of the Company(the “Shareholders”) on 18 September 2023. An interim dividend forthe six months ended 30 September 2023 of 4.0 HK cents per Share waspaid to Shareholders on 20 December 2023. 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 末 期 股 息每股公司普通股（「股份」）5.0港仙以及特別股息每股15.0港仙於二零二三年九月十八日派付予本公司股東（「股東」）。截至二零二三年九月三十日止六個月之中期股息每股4.0港仙於二零二三年十二月二十日派付予股東。 Inview of challenging market conditions, the Board does notrecommend payment of a final dividend for the year ended 31 March2024. 鑒於市場形勢依然充滿挑戰，董事會不建議派付截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 末 期 股息。 CHAIRMAN’S STATEMENT(Continued)主席報告（續） REVIEW OF OPERATION 業務回顧 物業發展－香港 Property Develo