中国投融资年报 2023/2024

China Investment and Finance Group Limited (Incorporated in the Cayman Islands with limited liability)()(Stock Code:1226) CONTENTS CORPORATE INFORMATION2STATEMENT FROM THE MANAGEMENT4BIOGRAPHICAL DETAILS OF DIRECTORS18DIRECTORS’ REPORT20CORPORATE GOVERNANCE REPORT31ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT49INDEPENDENT AUDITOR’S REPORT84CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME90CONSOLIDATED STATEMENT OF FINANCIAL POSITION91CONSOLIDATED STATEMENT OF CHANGES IN EQUITY93CONSOLIDATED STATEMENT OF CASH FLOWS95NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS97FIVE YEARS FINANCIAL SUMMARY168 CORPORATE INFORMATION公司資料China Investment and Finance Group Limited中國投融資集團有限公司 1226 STOCK CODE1226 BOARD OF DIRECTORSExecutive DirectorMr. CHAN Cheong Yee Non-Executive DirectorsMr. WU QiMr. FONG On Shek Independent Non-Executive DirectorsMr. LUK SimonMs. LIU XiaoyinMr. HON Leung AUDIT COMMITTEEMr. HON Leung(Chairman)Mr. LUK SimonMs. LIU Xiaoyin NOMINATION COMMITTEEMs. LIU Xiaoyin(Chairman)Mr. HON LeungMr. LUK Simon REMUNERATION COMMITTEE Ms. LIU Xiaoyin(Chairman)Mr. LUK SimonMr. HON Leung Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 CORPORATE INFORMATION公司資料 PRINCIPAL PLACE OF BUSINESSIN HONG KONG 701104 Room 1104, Crawford House70 Queen’s Road CentralHong Kong 3323 AUDITORS Elite Partners CPA LimitedLevel 23, YF Life Tower33 Lockhart RoadWan Chai, Hong Kong SHARE REGISTRARS ANDTRANSFER OFFICE IN HONG KONG 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China(Asia) LimitedChong Hing Bank Limited INVESTMENT MANAGER 38202004-6 Evergrande Securities (Hong Kong) LimitedRoom 2004-6, 20/F., YF Life Centre38 Gloucester Road, Wanchai,Hong Kong COMPANY SECRETARYMr. CHAN Ka Yin AUTHORISED REPRESENTATIVES Mr. CHAN Cheong YeeMr. CHAN Ka Yin http://www.chnif.com.hk WEBSITEhttp://www.chnif.com.hk China Investment and Finance Group Limited中國投融資集團有限公司 STATEMENT FROM THE MANAGEMENT管理層報告書 Theboard(the “Board”)of directors(the “Directors”)of ChinaInvestmentand Finance Group Limited(the “Company”)and itssubsidiaries(collectively, the “Group”)is pleased to announcethe audited consolidated results of the Group for the year ended31 March 2024. MANAGEMENT DISCUSSION AND ANALYSISFinancial Results 29,800,000177,700,00083.2%5,300,0003,600,00048.1%37,800,00041,200,000158,900,000196,600,0000.390.4837,800,000 Duringthe year ended 31 March 2024(the “Year”), the Groupr e c o r d e dg r o s s p r o c e e d s f r o m d i s p o s a l o f s e c u r i t i e s o fapproximatelyHK$29.8 million, representing a decrease ofapproximately 83.2%, as compared to the amount of approximatelyHK$177.7 million for the last year. The Group recorded in revenueofapproximately HK$5.3 million, representing an increase ofapproximately 48.1% as compared to the amount of approximatelyHK$3.6million for the last year. The Company recorded lossattributable to the owners of the Company for the year amountedtoapproximately HK$37.8 million(2023: approximately HK$41.2million). Theaudited consolidated net assets of the Group asat 31 March 2024 amounted to approximately HK$158.9 million(2023: approximately HK$196.6 million). The net asset per shareofthe Group was amounted to approximately HK$0.39(2023:approximately HK$0.48). The decrease in net asset value per shareof the Company over the year was principally resulted from the netloss attributable to the shareholders of the Company for the Yearof approximately HK$37.8 million. 41,200,00037,800,0003,500,0005,100,00030,700,00032,200,0002,700,0001,200,0009,900,0007,100,0002,400,000300,000 TheGroup’s net loss decreased from approximately HK$41.2millionfor the year ended 31 March 2023 to approximatelyHK$37.8 million for the Year. Such change is mainly attributable tothe net effect of the increase in interest income from approximatelyHK$3.5 million for last year to approximately HK$5.1 million for theYear, the change in performance of the Group’s listed investmentsand the expected credit loss assessment. The Group recorded netloss on listed investments of approximately HK$30.7 million in thelastyear, while net loss on listed investments of approximatelyHK$32.2million was recorded in the Year. In relation to theexpected credit loss assessment, the Group recorded impairmentlossof approximately HK$2.7 million during the Year while thecorresponding amount recorded in the last year was approximatelyHK$1.2million. The decrease in administrative expenses fromapproximately HK$9.9 million in last year to approximately HK$7.1million in the Year and the unrealised loss on unlisted investmentsdecreasedfrom approximately HK$2.4 million for last year toHK$0.3 million for the Year also led to the decrease in overall netloss of the Gro