华科智能投资年报 2023/2024

•CORPORATE INFORMATION2•CHAIRMAN’S STATEMENT5•MANAGEMENT DISCUSSION AND ANALYSIS8•BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT32•DIRECTORS’ REPORT37•CORPORATE GOVERNANCE REPORT52•ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT73•INDEPENDENT AUDITOR’S REPORT144•CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME149•CONSOLIDATED STATEMENT OF FINANCIAL POSITION151•CONSOLIDATED STATEMENT OF CHANGES IN EQUITY153•CONSOLIDATED STATEMENT OF CASH FLOWS154•NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS157•FINANCIAL SUMMARY260 FORWARD-LOOKING STATEMENTS This annual report contains certain statements that are forward-lookingor which use certain forward-looking terminologies.Theseforward-looking statements are based on the currentbeliefs, assumptions and expectations of the Board of directorsof the Company regarding the industry and markets in whichitinvests.These forward-looking statements are subject torisks,uncertainties and other factors beyond the Company’scontrol which may cause actual results or performance to differmateriallyfrom those expressed or implied in such forward-looking statements. CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorDr. LIU Zhiwei Non-executive DirectorsDr. WANG Qin(Chairman)Dr. FU WeigangDr. WANG Shibin Independent Non-executive DirectorsMr. CHEN YumingMr. YAN XiaotianMr. ZHAO Kai CHIEF EXECUTIVE OFFICERDr. QIAO Bingya AUDIT COMMITTEEMr. CHEN Yuming(Chairman)Mr. YAN XiaotianMr. ZHAO Kai REMUNERATION COMMITTEEMr. ZHAO Kai(Chairman)Mr. CHEN YumingMr. YAN Xiaotian NOMINATION COMMITTEEDr. WANG Qin(Chairman)Mr. CHEN YumingMr. YAN XiaotianMr. ZHAO Kai CORPORATE GOVERNANCE COMMITTEEMr. YAN Xiaotian(Chairman)Mr. CHEN YumingMr. ZHAO Kai CORPORATE INFORMATION AUTHORIZED REPRESENTATIVESDr. LIU ZhiweiMs. NG Sau Lai COMPANY SECRETARYMs. NG Sau Lai (852) 2842 9688(852) 2842 9666ir@1140.com.hk INVESTOR RELATIONS CONTACT DETAILSTel: (852) 2842 9688Fax: (852) 2842 9666Email: ir@1140.com.hk INVESTMENT MANAGER Fortune Asset Management Limited(ceased on 29 December 2023)Honor Capital (HK) Limited(former name: Blue Carbon Taiyue Capital (HK) Limited)(appointed on 29 December 2023) AUDITOR 38223 ZHONGHUI ANDA CPA Limited23/F, Tower 2, Enterprise Square Five38 Wang Chiu RoadKowloon Bay, KowloonHong Kong PRINCIPAL REGISTRAR SMP Partners (Cayman) LimitedRoyal Bank House, 3rd Floor24 Shedden Road, P.O. Box 1586Grand Cayman KY1-1110Cayman Islands SMP Partners (Cayman) LimitedRoyal Bank House, 3rd Floor24 Shedden Road, P.O. Box 1586Grand Cayman KY1-1110Cayman Islands 1617 BRANCH REGISTRAR Tricor Abacus Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong P.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands REGISTERED OFFICEP.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands CORPORATE INFORMATION PRINCIPAL PLACE OF BUSINESS Room 3910–13, 39/F, COSCO TowerGrand Millennium Plaza183 Queen’s Road CentralHong Kong 183393910-13 PRINCIPAL BANKER Shanghai Pudong Development Bank Co., Ltd. Hong Kong BranchChina Guangfa Bank Co., Ltd. Hong Kong BranchShanghai Commercial Bank LimitedChina Construction Bank Corporation Hong Kong BranchChina Zheshang Bank Hong Kong Branch STOCK CODE 1140 The Stock Exchange of Hong Kong Limited Code: 1140 www.1140.com.hk WEBSITEwww.1140.com.hk CHAIRMAN’S STATEMENT Dear Shareholders, The global economic growth momentum remains lackluster giventhecombined effect of long-term factors such as the globalindustrialchain adjustment,frequent geopolitical conflicts andtensions in international relations, coupled with cyclical factorssuchas tightening of monetary policy and rising debt risks.Againstthis macro backdrop,China’s capital market has alsobeenexposed to severe challenges.Investment risks continuetorise due to multiple factors such as weak world economicgrowth, downward absorption of foreign capital and low investorconfidence.Confronted with such market situation,we haverespondedproactively and flexibly adjusted our investmentstrategy,adhering to our core investment philosophy ofprudence, and recorded relatively stable returns for the year. InFY2023/2024,we made comprehensive adjustment tooptimize out investment strategies in view of changes in marketenvironmentand the strategic development needs of theCompany. We re-established our four major investment strategies,namelycore-holding-centered unlisted equity investment,debtinvestment, fund investment and listed equity investment. The core of our unlisted equity investment strategy is to seeklong-term returns. We are committed to identifying and investinginunlisted companies with great growth potential,providingthem with capital and resources and sharing the dividends oftheir long-term development. Debt investment strategy aims toachievestable returns in a volatile market environment.Fundinvestmentstrategy,which aims to participate in diversifiedinvestmentopportunities,utilizes the industry experience andmarketacumen of professional fund manag