中国华星2024年报

OUR MISSION We have highlighted the mission of “invest for a better life”, integratedthe success of the culture of our management team into currentoperations, and adhered to the “customer-first, all wins, harmony-oriented, environmental friendly, result driven” philosophy, thuspromoting sustainable corporate development. This proves that weproactively responded to stakeholders’ concerns and, in particular,persisted with repaying investors’ trust with increasing returns and lookingfor good opportunities. We will expand our business to other sectors thatwould have good opportunities. We ensure a steady supply of qualityproducts and considerate services to our customers, kept our promise toemployees and paid heed to their concerns, created a home-alike workingenvironment and a broad development platform, and proactively engagedin social welfare in return for the support and understanding of all walksof life. CONTENTS 2Corporate Information4Chairman’s Statement6Management Discussion and Analysis15Directors’ and Senior Management’s Profile19Corporate Governance Report37Environmental, Social and Governance Report51Directors’ Report62Independent Auditor’s Report66Consolidated Statement of Profit or Loss andOther Comprehensive Income67Consolidated Statement of Financial Position69Consolidated Statement of Changes in Equity70Consolidated Statement of Cash Flows72Notes to the Consolidated Financial Statements168Five-Year Financial Summary CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive DirectorsWang Jing (Chairman)Wang Xing Qiao (Chief Executive Officer)Zhao Shuang Independent Non-Executive Directors Su BoTang ShengzhiZeng Guanwei COMPANY SECRETARYLam Wai Kei AUDITORMazars CPA Limited AUDIT COMMITTEE Su Bo (Chairman)Tang ShengzhiZeng Guanwei REMUNERATION COMMITTEE Tang Shengzhi (Chairman)Su BoZeng Guanwei NOMINATION COMMITTEE Wang Jing (Chairman)Tang ShengzhiZeng Guanwei 2China Sinostar Group Company Limited Annual Report 2024 CORPORATE INFORMATION公司資料 PRINCIPAL BANKER The Hongkong and Shanghai Banking Corporation Limited SOLICITORLoeb & Loeb LLP HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Secretaries Limited17th Floor, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL PLACE OF BUSINESS IN HONG KONGAND CONTACT INFORMATION 93303(852) 2286 0728(852) 2286 0727www.00485.hkoffice@00485.hk Unit 303, 3/F., New East Ocean CentreNo. 9 Science Museum RoadTsim Sha Tsui, KowloonHong KongTel: (852) 2286 0728Fax: (852) 2286 0727Website: www.00485.hkEmail: office@00485.hk CHAIRMAN’S STATEMENT主席報告書 On behalf of the board (the “Board”) of directors (the “Directors”) ofChina Sinostar Group Company Limited (the “Company”) and all of itssubsidiaries (together with the Company, the “Group”), I am pleased topresent the Group’s annual report for the year ended 31 March 2024 tothe shareholders of the Company (the “Shareholders”). It has been the Group’s business strategy to diversify its business modelsinto different business sectors and to strengthen and expand its revenuestreams. The Group is committed to generating sustainable returns toits Shareholders and enhance the Shareholders’ value. The managementof the Group formulates various business strategies to cope with thedevelopment of the Group. Also, we monitor the markets closely and takeimmediate and appropriate actions when needed. During the year ended 31 March 2024, the enormous complexity ofthe international environment and the slackened recovery of the globaleconomy, the property market in the People’s Republic of China (the“PRC”) was in a difficult and complicated operating environment, thenational real estate development investment, sales area and volumecontinued to decline. The operations of the Group were inevitablyaffected, the construction schedules of certain construction projects of theGroup have been delayed, whereas the properties development businessthat contributed to a large extent to the Group’s revenue in the past yearswas adversely affected. Looking ahead, the Central Government of the PRC will continue tofocus on “stabilising growth and expectations and boosting confidence”,continuously optimise and improve relevant policies and systems,promoting the healthy and stable development of the real estate industryin the PRC in the long run. More efforts will be made to support the realestate industry under this guidance, which will have a positive effect onthe recovery of consumer confidence along with stable recovery of themacroeconomic development. Sales expectations are expected to improve,and the decline in properties sales may narrow