义合控股2023/2024年报

CONTENTS 2Corporate Information4Chairman’s Statement7Management Discussion and Analysis18Corporate Governance Report38Profiles of Directors and Senior Management46Report of Directors68Independent Auditor’s Report75Consolidated Statement of Profit or Loss andOther Comprehensive Income 76Consolidated Statement of Financial Position78Consolidated Statement of Changes in Equity79Consolidated Statement of Cash Flows81Notes to the Consolidated Financial Statements193Five Year Financial Summary194Glossary Corporate Information DIRECTORSExecutive Directors: Mr. JIM Yin Kwan Jackin (Chairman)Mr. CHUI Mo Ming (Vice-chairman)Mr. YAN Chi Tat (Chief Executive Officer)Mr. LEUNG Hung Kwong Derrick 頴20235312023531 Non-executive Director:Ms. LEE Sze Wing Mabel (appointed on 31 May 2023)Mr. WANG Jian (resigned on 31 May 2023) Independent Non-executive Directors: Mr. LEE Luk ShiuMr. YU Hon KwanMr. WONG Chi Keung Johnny AUDIT COMMITTEE Mr. LEE Luk Shiu (Chairman)Mr. YU Hon KwanMr. WONG Chi Keung Johnny NOMINATION COMMITTEE Mr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk Shiu REMUNERATION COMMITTEE Mr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk Shiu COMPANY SECRETARYMr. CHONG Man Hung Jeffrey AUTHORISED REPRESENTATIVESMr. YAN Chi TatMr. CHONG Man Hung Jeffrey INDEPENDENT AUDITORSSHINEWING (HK) CPA Limited Corporate Information Windward 3 REGISTERED OFFICE IN THE CAYMAN ISLANDS Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 191104–06 Units 1104–06Nan Fung Commercial Centre19 Lam Lok StreetKowloon BayHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDSOcorian Trust (Cayman) Limited Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedDBS Bank (Hong Kong) LimitedFubon Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank Limited www.yee-hop.com.hk COMPANY WEBSITE www.yee-hop.com.hk 01662 STOCK CODE01662 Chairman’s Statement Dear Shareholders 2024331 On behalf of the Board, I am pleased to present the annual report ofthe Group for the year ended 31 March 2024. (i)(ii) The Group is principally engaged in (i) the provision of foundation(includingthe construction of mini-piles,rock-socketed steelH-piles and driven steel H piles) and other civil works (including siteformation works, and road and pavement works) and tunnelingworks (including pipe jacking, hand dig tunnel and cut-and-covertunnelworks)in Hong Kong and overseas,and(ii)premisesrevitalisation and enhancement business in the PRC. Windmill Street304202433196.7% The Group has also invested in an associate for the purpose of thedevelopment of the Birmingham Property Project. The BirminghamProperty Project consists of 304 residential apartments situated atthe Windmill Street, Birmingham, the United Kingdom. As at 31March 2024, about 96.7% of the apartments have been sold. Chairman’s Statement RESULT SUMMARY 2024832.1202317.6%93.2202322.3%22.1202382.7%20240.0420230.02266.8 During the 2024 Financial Year, the Group recorded a consolidatedrevenueof approximately HK$832.1 million,representing anincrease of 17.6% from the 2023 Corresponding Year. Grossprofit of the Group amounted to HK$93.2 million, an increase of22.3% from the 2023 Corresponding Year. Profit attributable toowners of Company amounted to HK$22.1 million representing anincrease 82.7% as compared to that in the 2023 CorrespondingYear. Earnings per share was HK$0.04 for the 2024 Financial Yearcomparing with HK$0.02 for the 2023 Corresponding Year. TheGroup maintains healthy financial position with net current assets ofHK$266.8 million and net cash position at the financial year end. 171,36520243 311,309 With the dedicated support of our staff and customers, the Grouphas been awarded 17 contracts with original contract sums oftotalling HK$1,365 million and the outstanding contract value (basedon the original contract value) as at 31 March 2024 amounted toapproximately HK$1,309 million. OUTLOOK The Group’s dedicated focus on connecting core scientific andinnovation research with universities in Hong Kong underscores itscommitment to driving progress and improving quality of life. Byconsistently developing valuable and innovative technologies, theGroup aims to not only advance green industries but also contributeto the low-carbon transformation of Hong Kong and the GreaterBay Area. Looking ahead, the Group recognizes the importance of strategicprepar