太和控股二零二四年中期报告

CONTENTS Corporate Information Management Discussion and Analysis5 Corporate Governance and Other Information25 Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income30 Condensed Consolidated Statement of Financial Position32 Condensed Consolidated Statement ofChanges in Equity34 Condensed Consolidated Statement of Cash Flows36 Notes to the Condensed ConsolidatedFinancial Statements38 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Wang Hongfang(Chairman and Chief Executive Officer)Mr. Zheng Yuchun(Executive President) Independent Non-executive Directors Dr. Gao BinMr. Leung Ting YukMs. Song Yanjie AUDIT COMMITTEE Mr. Leung Ting Yuk(Chairman)Dr. Gao BinMs. Song Yanjie REMUNERATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting YukMs. Song Yanjie NOMINATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting YukMs. Song Yanjie COMPANY SECRETARYMr. Poon Yick Pang Philip AUTHORISED REPRESENTATIVE Mr. Zheng YuchunMr. Poon Yick Pang Philip REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda Corporate Information公司資料 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 26424202–03A Room 4202–03A, 42th FloorChina Resource Building26 Harbour RoadWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN BERMUDA Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR 3323 Elite Partners CPA Limited (not offer themselves to be reappointedin the next Annual General Meeting)Certified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council OrdinanceLevel 23, YF Life Tower33 Lockhart Road, WanchaiHong Kong LEGAL ADVISERS As to Bermuda lawConyers Dill & Pearman As to Hong Kong lawNorton Rose Fulbright Hong Kong Corporate Information PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedShanghai Commercial Bank Limited COMPANY’S WEBSITE www.irasia.com/listco/hk/taiunited/index.htm www.irasia.com/listco/hk/taiunited/index.htm ir@taiunited.com INVESTOR RELATIONS Email: ir@taiunited.com 718 5,000 BOARD LOT SIZE 5,000 shares Management Discussion and Analysis管理層討論及分析 FINANCIAL PERFORMANCE 59.999.639.9%(i)(ii)274.7773.064.5% The revenue of the Company for the six months ended 30 June2024 (the “Reporting Period”) was approximately HK$59.9million, representing a 39.9% decrease as compared to revenue ofapproximately HK$99.6 million for the six months ended 30 June2023, such decrease was mainly contributed by the decrease inrevenue from sales of flooring materials, the decrease in revenuegenerated from (i) properties management and related services;and (ii) sales of medical equipment in the People’s Republic ofChina (“China” or “PRC”) in the ordinary and usual course ofbusiness of the Group. Revenue decreased and notwithstandingthe Company actively implementing its continuous cost savingplan, the Group still recorded a loss before tax of approximatelyHK$274.7 million during the Reporting Period, decreased by 64.5%as compared with the loss before tax of approximately HK$773.0million in the same period ended 30 June 2023, due to thecombined effect of: (i)2019110.6 (i)a decrease of fair value of investment properties toapproximately HK$110.6 million resulting from the adverseimpact post COVID-19 pandemic; (ii)76.2 (ii)provision for guarantee contracts of approximately HK$76.2million during the Reporting Period, which was due toguarantees provided by immediate holding companies of theGuangzhou Shopping Mall and Jinzhou Shopping Mall (asdefined below). The guarantees were provided to onshorebanks in the PRC in relation to third party loans and suchguarantees were not disclosed to the Group by the seller atthe time of acquisition of the holding companies of the twoshopping malls; and (iii)1,34577.3 (iii)finance costs of approximately HK$77.3 million for theReporting Period, which was due to the bank loan ofapproximately RMB1,345 million in connection to theacquisition of Guangzhou Shopping Mall (as defined below). 23.3 Income tax credit for the Reporting Period was approximatelyHK$23.3 million. 661.2251.7 Taking into account the income tax credit mentioned aboveand netting of non-controlling interests, the Group recordeda loss attributable to owners of the Company reducing fromapproximately HK$661.2 million for the same period ended 30 June2023 to approximately HK$251.7 million for the Reporting Period. Management Discussion and Analysis BUSINESS REVIEW The Group is principally engaged in the businesses of propertyinvestment, flooring materials and medical equipment trading,mi