星光集团截至二零二四年三月三十一日止年度年报

CONTENTS目 錄 Chairman’s Statement7 Financial Summary22 Report of the Directors24 Corporate Governance Report38 Consolidated Income Statement80 Consolidated Statement of Comprehensive Income81 Consolidated Statement of Financial Position82 Consolidated Statement of Changes in Equity84 Notes to the Consolidated Financial Statements88 董 事 DIRECTORS 執 行 董 事 Executive Directors Mr. Lam Kwong Yu(Chairman and Chief Executive Officer)Mr. Tin Shing(Senior Vice President)Mr. Poon Kwok Ching(Senior Vice President)Mr. Wong Wai Kwok(Senior Vice President) 非 執 行 董 事 Non-Executive Director Ms. Yeung Chui 獨 立 非 執 行 董 事 Independent Non-Executive Directors Mr. Chan Yue Kwong, MichaelMr. Kwok Lam Kwong, Larry,SBS, JPMr. Tam King Ching, KennyMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 審 核 委 員 會 AUDIT COMMITTEE Mr. Tam King Ching, Kenny(Chairman)Mr. Chan Yue Kwong, MichaelMr. Kwok Lam Kwong, Larry,SBS, JPMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 薪 酬 委 員 會 REMUNERATION COMMITTEE Mr. Chan Yue Kwong, Michael(Chairman)Mr. Kwok Lam Kwong, Larry,SBS, JPMr. Tam King Ching, KennyMs. Elizabeth Law(Appointed with effect from 1st April, 2023) 提 名 委 員 會 NOMINATION COMMITTEE Mr. Kwok Lam Kwong, Larry,SBS, JP(Chairman)Mr. Chan Yue Kwong, MichaelMr. Lam Kwong YuMr. Tam King Ching, KennyMs. Yeung ChuiMs. Elizabeth Law(Appointed with effect from 1st April, 2023) CORPORATE INFORMATION 授 權 代 表 AUTHORISED REPRESENTATIVES Mr. Lam Kwong YuMr. Poon Kwok Ching 公 司 秘 書 COMPANY SECRETARY Mr. Poon Kwok Ching 核 數 師 AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd FloorPrince’s BuildingCentral, Hong Kong 法 律 顧 問 LEGAL ADVISER 1827 Howse Williams27/F., Alexandra House18 Chater RoadCentral, Hong Kong 註 冊 辦 事 處 REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda 總 辦 事 處 及 主 要 營 業 地 點 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 3/F., Perfect Industrial Building31 Tai Yau StreetSanpokongKowloonHong Kong 股 票 過 戶 登 記 處 SHARE REGISTRARS AND TRANSFER OFFICES 主 要 股 票 過 戶 登 記 處 Principal Share Registrar and Transfer Office MUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM12Bermuda 香 港 股 票 過 戶 登 記 分 處 Hong Kong Branch Share Registrar and Transfer Office 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt Road, AdmiraltyHong Kong 主 要 銀 行 PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedBank of China (Hong Kong) LimitedChina Construction Bank 網 址 WEBSITE http://www.hkstarlite.com http://www.hkstarlite.com 股 票 代 號 STOCK CODE 403 403 業 績 RESULTS Forthe year ended 31st March,2024,the Group’s revenuedecreased by 9.6% to approximately HK$835 million. A profitof approximately HK$17 million was recorded, compared to aprofit of approximately HK$5 million last year. Given that inflationary pressures gradually eased which led to adeclinein prices of major raw materials,coupled with theeffective implementation of various cost optimization measuresand the exchange gains from the depreciation of Renminbi, theGroup maintained its core profit level during the period. During the reporting period, under the combined influence ofinternationalgeopolitical divergences,rising unilateral tradeprotectionism,and high capital market costs,the globaleconomic development was fraught with uncertainties. The risksofstagflation and global economic recession still existed.Further,the recovery of the mainland Chinese market wasslower than expected and the inflation in developed economieshad not reached control targets, hindering the global economicrecoveryprocess.The unfavourable macro conditions affectedthepurchasing power and consumption desire of endconsumers,which in turn affected the demand for variousconsumer goods. In the face of abnormal fluctuations from thedemand side, our customers have adopted a more conservativebusinessmodel.In addition to tightening order and inventorypolicies, they also delayed the development of certain potentialprojects,which had a short-term impact on the Group’sbusiness growth. Despite the sharp fluctuations in the businessenvironment, the performance of the three plants in China wasbetterthan expected during the period.The Guangzhou plantcontinuedto record profit,while the Shaoguan plant saw aturnaroundfrom loss.The operation of the Suzhou plantexperienced a slight decline but still recorded a profit. On theother hand, sales in the ASEAN region declined but also saw aturnaround from loss. Facingthe complex and ever-changing domestic andinternational environment and various risks and challenges, theGroupadhered to the concept of seeking progress whilemaintainingstability,actively optimised the allocati