圣马丁国际2024中期报告

2024INTERIM REPORT CONTENTS目錄 Corporate Information2Chairman’s Letter to Shareholders4Business Overview and Management Discussionand Analysis6Financial Review11Corporate Governance and Other Information21Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income29Condensed Consolidated Statement ofFinancial Position31Condensed Consolidated Statement ofChanges in Equity33Condensed Consolidated Statement ofCash Flows35Notes to the Condensed ConsolidatedFinancial Statements36 CORPORATEINFORMATION公司資料 EXECUTIVE DIRECTORSMr. Hung Tsung ChinMr. Chen Wei Chun 執行董事 非執行董事 NON-EXECUTIVE DIRECTORMr. Kuo Jen Hao(Chairman) 獨立非執行董事 INDEPENDENT NON-EXECUTIVE DIRECTOR Ms. Chen Wei-HuiMr. Lu Ming-ShiuanMr. Wu Chia Ming 審核委員會 AUDIT COMMITTEE Ms. Chen Wei-Hui(Committee Chairperson)Mr. Lu Ming-ShiuanMr. Wu Chia Ming 薪酬委員會 REMUNERATION COMMITTEE Mr. Wu Chia Ming(Committee Chairman)Ms. Chen Wei-HuiMr. Lu Ming-Shiuan 提名委員會 NOMINATION COMMITTEE Mr. Lu Ming-Shiuan(Committee Chairman)Ms. Chen Wei-HuiMr. Wu Chia Ming 總辦事處及主要營業地點 HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Unit 516, 5th Floor, Peninsula Centre, 67 Mody Road,Tsim Sha Tsui East, Kowloon,Hong Kong 675516 註冊辦事處Clarendon House, 2 Church Street, HamiltonHM 11, Bermuda REGISTERED OFFICE Clarendon House, 2 Church Street, HamiltonHM 11, Bermuda CORPORATE INFORMATION(Continued)公司資料（續） 公司秘書 COMPANY SECRETARY Ms. Tung Wing Yee Winnie 授權代表 AUTHORISED REPRESENTATIVESMr. Hung Tsung ChinMs. Tung Wing Yee Winnie PRINCIPAL BANKERS 主要往來銀行 CTBC Bank Co., Ltd.China Guangfa Bank Co., LtdLand Bank of Taiwan Co., Ltd AUDITORBDO LimitedCertified Public Accountants 核數師 股份登記及過戶處 SHARE REGISTRAR AND TRANSFER OFFICE 148212103B Hong KongBoardroom Share Registrars (HK) LimitedRoom 2103B, 21/F.,148 Electric Road, North PointHong Kong Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church Street Hamilton HM 11Bermuda BermudaConyers Corporate Services (Bermuda) LimitedClarendon House2 Church Street Hamilton HM 11Bermuda 公司網站www.sandmartin.com.hk CORPORATE WEBSITE www.sandmartin.com.hk 股份代號482 STOCK CODE482 CHAIRMAN’SLETTERTOSHAREHOLDERS主席致股東報告 股東 Dear shareholders of the Company (the “Shareholders”), On behalf of the board (the “Board”) of the directors (the “Directors”) ofSandmartin International Holdings Limited (the “Company”, together withits subsidiaries collectively referred to as the “Group”), I hereby present theunaudited consolidated interim results of the Group for the six months ended30 June 2024 (the “Reporting Period”). *本公司本集團董事董事會報告期 The financial performance of the Group was not satisfactory for the six monthsended 30 June 2024. As a result of the tight monetary policy globally, althoughthe revenue of the Group’s products has increased, the profit margin hasdeclined when compared with the same corresponding period in 2023. TheGroup has taken some measures to reduce the unfavourable impacts, includingbut not limited to sourcing from different suppliers to increase the profitmargin. 美國中國 The ongoing China-US trade war still has some negative impacts on certainsegments of the operations of the Group and the Group mitigates the impactsby sourcing from suppliers in Southeast Asia, for the purpose of avoiding theexcessive tariffs imposed by the United States (the “US”) on products from ThePeople’s Republic of China (the “PRC” or “China”). Although the global economy is gradually recovering from the 2019 novelcoronavirus pandemic (the “Pandemic”), the geo-political and geo-economictensions are yet to be resolved. Given these volatilities and challenges, theGroup will continue to adopt a prudent approach in managing its cash flowsposition and will make every endeavour to identify business opportunitieswith promising potential in the manufacturing segments in emerging marketsor even other sectors so as to diversify our income source to weather adverseeconomic cycle. 疫情 CHAIRMAN’S LETTER TO SHAREHOLDERS(Continued)主席致股東報告（續） 16該土地華算重建 Since 2018, the Group has, by outsourcing its production to suppliers inVietnam, progressively wound down its own production facilities housedin the Group’s factory buildings built on an industrial land situated at no.16Qianjin Second Road, Tanzhou Town, Zhongshan, Guangdong Province thePRC (the “Land”) owned by the Group. Most of the Group’s factory buildingson the Land had been leased to third parties independent of the Company inreturn for rental income. However, owing to the age of the factory buildings,the rental return is low. As such, the Group has been exploring opportunitiesto increase the investment return from such factory buildings. In July 2021, theGroup entered into a cooperation agreement with, among others, GuangdongHuasuan International Industrial Park Investment Development Co., Ltd.* () (“Huasuan”) in relation to thecooperation between the Group and Huausan for the purpose of redevelopingthe Land into a landmark precision intelligent manufacturing centr