智中国际年报2024

(incorporated in the Cayman Islands with limited liability)() Stock Code: 6063 ANNUAL REPORT2024 CONTENTS Corporate Information2Chairman’s Statement5Management Discussion and Analysis7Biographical Details of Directors and Senior Management15Directors’ Report23Corporate Governance Report36Environmental, Social and Governance Report54Independent Auditor’s Report92Consolidated Statement of Profit or Loss and Other Comprehensive Income99Consolidated Statement of Financial Position100Consolidated Statement of Changes in Equity101Consolidated Statement of Cash Flows102Notes to the Consolidated Financial Statements104Financial Summary176 Corporate Information公司資料 董事會 BOARD OF DIRECTORSExecutive Directors 執行董事 Mr. Chu Kwok Fun(Chairman and Chief Executive Officer)Mr. Tsang Chiu WanMr. Chen Shu An (appointed on 11 June 2024) 獨立非執行董事 Independent non-executive Directors Ms. Leung Yin FaiMr. Ma Tsz ChunMs. Yuen Wai Yee 審核委員會 AUDIT COMMITTEE Mr. Ma Tsz Chun(Chairman)Ms. Leung Yin FaiMs. Yuen Wai Yee 薪酬委員會 REMUNERATION COMMITTEE Ms. Leung Yin Fai(Chairlady)Mr. Tsang Chiu WanMr. Chen Shu An (appointed on 11 June 2024)Mr. Ma Tsz ChunMs. Yuen Wai Yee 提名委員會 NOMINATION COMMITTEE Mr. Chu Kwok Fun(Chairman)Mr. Ma Tsz ChunMs. Leung Yin Fai COMPANY SECRETARYMr. Yeung Kin Wa 公司秘書 授權代表 AUTHORISED REPRESENTATIVESMr. Chu Kwok FunMr. Yeung Kin Wa 開曼群島註冊辦事處 REGISTERED OFFICE IN CAYMAN ISLANDS Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information公司資料 總部及香港主要營業地點 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 321 21/F, Delta House3 On Yiu StreetShatin, New TerritoriesHong Kong 香港法律的法律顧問 LEGAL ADVISER AS TO HONG KONG LAW 1539 Stevenson, Wong & Co.39th FloorGloucester TowerThe Landmark15 Queen’s Road CentralHong Kong 開曼群島股份過戶登記總處 CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 核數師 AUDITOR •8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35th Floor, One Pacific Place88 QueenswayHong Kong Corporate Information公司資料 主要往來銀行 PRINCIPAL BANKERSBank of China (Hong Kong) Limited1 Garden RoadHong Kong 1 10835 Dah Sing Bank Limited35th Floor, Everbright Centre108 Gloucester RoadHong Kong 1 The Hongkong and Shanghai Banking Corporation LimitedHSBC Main Building1 Queen’s Road CentralHong Kong 公司網站www.lotushorizonholdings.com COMPANY WEBSITEwww.lotushorizonholdings.com 股份代號6063 STOCK CODE6063 Chairman’s Statement主席報告 Dear Shareholders, 本公司本集團董事董事會本年度二零二四年財政年度 On behalf of the board (the “Board”) of directors (the “Directors”) ofLotus Horizon Holdings Limited (the “Company”) and its subsidiaries(collectively, the “Group”), I am pleased to present the annualreport of the Group for the year ended 31 March 2024 (the “Year” or“FY2024”). Social activities resumed normalcy after the lifting of anti-epidemicprecautionary measures and restrictions in Hong Kong, after gonethrough three years of COVID-19 epidemic. The construction progressof the Group’s key projects returned to normal during the Year. Asignificant increase in revenue of approximately HK$52.0 million or27.3% was recognised by the Group, compared with that of priorfinancial year. COVID-1952.027.3% 6.7%10.9% With strong emphasis on costs control enhancement, as well as workquality and safety, the Group’ s gross profit margin continued toimprove. The Group reported an increase of gross profit margin fromapproximately 6.7% for the year ended 31 March 2023 to approximately10.9% for the FY2024. We will keep maintaining control measures toposition the Company for long-term global trends. On the other hand, global economic uncertainty and high interestrates restrain the demand of private housing. The glut of unsoldunits in Hong Kong market further places pressure on local privateresidential property price. Property developers tend to slow downthe development of projects or construction on hand, leading toa decrease in number of residential and commercial propertiesdevelopment projects in the Hong Kong market. The Group, as aresult, has experienced keen competition in local construction marketduring recent months and expects the issue will sustain for a period oftime. We will review our backlog periodically and proactively seek potentialopportunities for expanding the business. It is always our focus tostrengthen our key competitive strengths, which include work quality,safety and cost control enhancement. The Group will keep taking aprudent approach on bidding new projec