华音国际控股2023/24 年报

()( Incorporated in Bermuda with limited liability )Stock Code989 ANNUAL REPORT2023/24 Contents目 錄 Corporate InformationFinancial HighlightsChairperson’s StatementManagement Discussion and AnalysisBiographical Details of Directors and Senior ManagementDirectors’ ReportCorporate Governance ReportEnvironmental, Social and Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or LossConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsSchedule of Principal PropertiesFive-year Financial Summary24562935517198105106107109111113239244 Corporate Information BOARD OF DIRECTORS Executive Directors CUI Xintong(Chairperson)(Re-designated on 29 February 2024)LI Junjie(Chief Executive Officer)CONG PeifengXU Yingchuan Non-executive Director CUI Mindong Independent Non-executive Directors TSANG Hung KeiWANG XiaochuWANG Xueguang BOARD COMMITTEES Audit Committee TSANG Hung Kei(Chairperson)WANG XiaochuWANG Xueguang Remuneration Committee TSANG Hung Kei(Chairperson)CUI XintongWANG XiaochuWANG Xueguang Nomination Committee CUI Xintong(Chairperson)TSANG Hung KeiWANG XiaochuWANG Xueguang COMPANY SECRETARY NG Man Kit Micky REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 26131305(852) 2209 2888(852) 2209 2988http://www.huayininternational.com Room 1305, 13th FloorChina Resources BuildingNo. 26 Harbour RoadWanchai, Hong KongTel: (852) 2209 2888Fax: (852) 2209 2988Website: http://www.huayininternational.com PRINCIPAL SHARE REGISTRAR MUFG Fund Services (Bermuda) Limited4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12Bermuda HONG KONG BRANCH SHARE REGISTRAR Tricor Abacus Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong HONG KONG LEGAL ADVISOR Michael Li & Co. AUDITOR Mazars CPA LimitedCertified Public Accountants PRINCIPAL BANKERS Hang Seng Bank Limited STOCK CODE 989 989 Chairperson’s Statement Hua Yin International HoldingsLimited On behalf of the board (the “Board”) of directors (the “Directors”) ofHua Yin International Holdings Limited (“Hua Yin International” or the“Company”), I submit herewith the annual report of the Company andits subsidiaries (collectively, the “Group”) for the year ended 31 March2024. 39 At present, the world economic growth continues to slow down andis still facing the impact and challenges of geopolitical conflicts andother related factors. Although China’s economy is also affected by it,its growth is still ahead of major developed countries in the West and isexpected to achieve rapid improvement in the future. The adjustmentof the domestic real estate industry has lasted for 3 years and is nowcoming to an end. The market is still relatively cold and faces challengesand many uncertainties on the demand side. However, the consumptionof healthcare products and services is constantly heating up. Thehealthcare industry has ushered in huge development opportunities.The market size will reach RMB9 trillion in 2024. Judging from the current world macroeconomic situation anddomestic economic performance, the “one primary and one auxiliary”development strategy determined by the Group is highly consistentwith the domestic economic development trends and opportunities.Therefore, the Group will combine the current real estate marketsituation and economic development status, prudently and steadilypromote the development and utilization of the Group’s existing land,gradually revitalize the remaining real estate assets, achieve assetrealization and resolve current and historical problems. The Group willalso seize the opportunity of rapid recovery and rapid developmentof domestic tourism and the vigorous development of the healthcareindustry, reconstruct the cultural tourism industry structure, fullyintegrate and utilize relevant resources, and achieve asset-light and low-debt operation and development through joint ventures, cooperation,and reorganization. At the same time, the Group will also use theresources, such as the ginseng base and the “Changbaishan” mineralwater brand, to promote the rapid implementation of the ginseng andmineral water industries and strive to integrate or echo them with theGroup’s cultural tourism industries, so as to gain more opportunities inthe process of the vigorous development of the domestic healthcareindustry and the strong growth of people’s demand for healthcareproducts, and realize more benefits for shareholders. On behalf of the Board, I would like to express my deepest gratitudeto the shareholders, investors, business partners and customers whohave given us great support, as well as the directors, manage