剑虹集团控股年报 2024

ANNUAL REPORT2023/2024 (Incorporated in the Cayman Islands with limited liability)Stock code: 01557 CONTENTS Corporate Information2 Chairman’s Statement5 Management Discussion and Analysis7 13 Corporate Governance Report Environmental, Social and Governance Report32 Profile of Directors and Senior Management56 63 Directors’ Report 74 Independent Auditor’s Report Consolidated Statement of Profit or Loss andOther Comprehensive Income83 Consolidated Statement of Financial Position84 Consolidated Statement of Changes in Equity86 Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements89 Financial Summary194 CORPORATE INFORMATION BOARD OF DIRECTORS EXECUTIVE DIRECTORS Mr. Chang Chih-Chia(Chairman)(appointed on 6 May 2024)Dr. Huang Yuan(Chairman)(appointed on 1 April 2023 and resigned on 18 April 2024) Mr. Bu Youjun (appointed on 1 April 2023 andresigned on 21 June 2024)Mr. Yang Xuefeng (appointed on 1 April 2023)Dr. Wang Lei (appointed on 21 June 2024) Mr. Chen Rongsheng(Chairman)(resigned on 1 April 2023) INDEPENDENT NON-EXECUTIVE DIRECTORS Ms. Liu Yixing (appointed on 6 May 2024)Mr. Liu Xin (resigned on 6 May 2024)Mr. Feng ZhidongMr. Wang Bo COMPANY SECRETARY Ms. Lo Wan Man AUDIT COMMITTEE Ms. Liu Yixing(Chairman)(appointed on 6 May 2024)Mr. Liu Xin(Chairman)(resigned on 6 May 2024)Mr. Feng ZhidongMr. Wang Bo NOMINATION COMMITTEE Mr. Chang Chih-Chia(Chairman)(appointed on 6 May 2024)Dr. Huang Yuan(Chairman)(appointed on 1 April 2023 and resigned on 18 April 2024)Mr. Chen Rongsheng (resigned on 1 April 2023)Mr. Liu Xin (resigned on 6 May 2024)Mr. Wang Bo CORPORATE INFORMATION REMUNERATION COMMITTEE Ms. Liu Yixing(Chairman)(appointed on 6 May 2024)Mr. Liu Xin(Chairman)(resigned on 6 May 2024)Mr. Feng ZhidongMr. Wang Bo HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit 01, 86/FInternational Commerce Centre1 Austin Road WestKowloonHong Kong 18601 AUDITOR McMillan Woods (Hong Kong) CPA Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands CORPORATE INFORMATION PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedDah Sing Bank, LimitedDBS Bank (Hong Kong) LimitedFujian Haixia Bank Co., Ltd.The Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation LimitedUnited Overseas Bank Limited HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong 01557 STOCK CODE 01557 www.kh-holdings.com WEBSITEwww.kh-holdings.com CHAIRMAN’S STATEMENT Dear shareholders, PROSPECTS The Group’s overall revenue decreased by approximately 28.6% toapproximately HK$175,174,000 during the year ended 31 March2024 (2023: HK$245,349,000). The loss and total comprehensiveincome for the year ended 31 March 2024 attributable to owners ofthe Company amounted to approximately HK$56,490,000 (2023:HK$74,115,000). 2 8 . 6 %1 7 5 , 1 7 4 , 0 0 0245,349,00056,490,00074,115,000 The Hong Kong construction sector remains challenging throughoutthe year. Following the serious disruptions caused by the outbreakof COVID-19, the construction industry is currently facing direct andindirect operational and financial risks marked by increasing interestrates, shortage and ageing issues of labour supplies, potentialadjustments in the local housing market, and a slowdown in theglobal economy. COVID-19 In response to uncertain economic conditions during the year, theGroup shifted its primary focus from a proactive tender strategy toimproving its liquidity position by reducing the capital expendituresof the Group. This involved strategic disposal of non-profitablemachineries, redemption of negative performing life insurance policies,reduce debt size and office overheads. The net proceeds from thesedisposal and redemption were used for general working capital andrepayment of bank borrowings, aiming to reduce maintenance andstorage costs for machineries and trim down finance costs amid anincreasing interest rate environment. Looking ahead, the Board remains prudently optimistic about theprospects of the foundation industry in Hong Kong as a result oflong-term housing development and land policy and tremendousopportunities in the PRC. The Group will continue to exercise duecare in pursuing its core business and promoting its developmentplans, so as to balance the risks and opportunities in the foundationindustry of Hong Kong. CHAIRMAN’S STATEMENT Furthermore, with the ongoing impact of global warming leading toextreme weather conditions, our ecological environment is furtherdamaged. The development of environmental recycling, renewableenergy, and new energy materials is a global trend. The space forsustainable development in new materials an