中国唐商年报 2024

公 司 資 料CORPORATE INFORMATION DIRECTORS 董事 Executive Directors 執行董事 Mr. Chen Weiwu(Chairman)Mr. Zhou HoujieMr. Jiang Ruowenhao(Acting Chief Executive Officer) 獨立非執行董事 Independent Non-executive Directors Mr. Chen YouchunMs. Lui Mei KaMr. Zhou Xin 核數師 AUDITOR CCTH CPA LimitedCertified Public Accountants 公司秘書 COMPANY SECRETARY Ms. Kwong Oi Man Patty 主要往來銀行 PRINCIPAL BANKERS Hang Seng Bank LimitedBank of Dongguan Company Limited 註冊辦事處 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda 總辦事處 HEAD OFFICE 29121201 Unit 1201, 12/F.,29 Austin Road,Tsim Sha Tsui, Kowloon,Hong Kong 公 司 資 料CORPORATE INFORMATION 主要過戶登記處 PRINCIPAL REGISTRAR MUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08Bermuda MUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08Bermuda HONG KONG SHARE REGISTRAR ANDTRANSFER OFFICE 香港股份過戶登記處 1617 Tricor Secretaries Limited17/F, Far East Financial Centre,16 Harcourt Road, Hong Kong 管 理 層 討 論 及 分 析MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND OUTLOOK 業務回顧及前景 Financial Review 財務回顧 綜合業績 Consolidated results For the year ended 31 March 2024, the Group recordedrevenueof approximately HK$877.5 million comparedtoapproximately HK$650.8 million from continuingoperationsfor the last financial year,representing anincreaseof about 34.8%,and loss for the year ended31March 2024 of approximately HK$113.5 millioncomparedto approximately a profit of HK$79.1 millionforthe last financial year,representing an increase oflossof about 243.5%.The significant increase in losswas primarily resulted from 1) written-off and expectedcredit loss have been recognized on other receivables;and2)decrease in recognition on revenue of propertydevelopment business during the year. 877,500,000650,800,00034.8%113,500,00079,100,000243.5%12 T h eB o a r d c o n s i d e r s t h a t t h e f a i r v a l u e l o s s o ninvestmentproperties are non-cash items and has noeffect on the cash flow of the Group’s operations. 業務回顧 Business Review 物業分租及投資業務 53,500,00051,800,0003.3%27,900,00010,300,000 Forthe year ended 31 March 2024,this businesssegmentrecorded revenue of approximately HK$53.5millioncompared to approximately HK$51.8 million forthe last financial year, representing an increase of about3.3%, this business segment recorded loss for the yearended 31 March 2024 of approximately HK$27.9 millionascompared to loss of approximately HK$10.3 millionforthe last financial year.The increase in loss wasmainly resulted from the increase in fair value loss oninvestment properties. The completed properties held for investment is locatedin No. 109 Jinghaisanlu, Beijing Economic TechnologicalDevelopmentArea,Beijing.The existing usage is foroffice, research and development and the properties areheldfor long term leases which are sub-leasing fromlandlord. 109 管 理 層 討 論 及 分 析MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND OUTLOOK(Continued) 業務回顧及前景 業務回顧 Business Review(Continued) 物業發展業務 Property development business 824,000,000598,900,000124,700,000143,600,000(i)R2(ii)30,00045,00088,000216,00079,000 Duringthe year ended 31 March 2024,the propertydevelopmentbusiness in the PRC contributed revenueo fa p p r o x i m a t e l y H K $ 8 2 4 . 0 m i l l i o n c o m p a r e t oapproximately HK$598.9 million for the last financial year,and segment recorded loss of approximately HK$124.7million (2023: profit of approximately HK$143.6 million)tothe Group.The increase in segment revenue wasattributableto two development projects,namely(i)TangshangHanlin Mansion*inDongguanland situates at Caole Village, Xiegang Town, DongguanCity, the PRC designated for urban residential use andbusinessservice use(R2 Class II residential land（R2)and(ii)Puning Tangshang ZhongyangGarden*inBeihuan Avenue,Puning,Jieyang, Guangdong Province, the PRC. The constructionofthe properties was completed in December 2021and October 2022, respectively. The existing use in thepropertiesheld for sale/lease is mainly residential,carparks and commercial shops. The site area of TangshangHanlin Mansion is approximately 30,000 sq.m and PuningTangshangZhongyang Garden is approximately 45,000sq.m,and the gross floor area(“GFA”)of TangshangHanlin Mansion is approximately 88,000 sq.m and PuningTangshang Zhongyang Garden is approximately 216,000sq.m.There were approximately 79,000 sq.m.bookedGFAdelivered and recognised into the revenue duringthe year. 35%55%90%70% TheGroup had indirect acquisition of the 35%equityinterestof the Huachuangwen Land by the Companyfrom Mr. Chen Weiwu in accordance with the equity saleand purchase agreement signed on 9 April 2020. It hadacquired 55% equity interest of Huachuangwen Land bythe Company from Shenzhen Yaoling in accordance withtheequity sale and purchase agreement signed on 30July 2021. At as 31 March 2024, the Group holds 90%of the equity interest in Huachuangw