中国生态旅游2023/2024年报

2023/2024annual REPORT年 報 Corporate Information2Financial Summary4Management Discussion and Analysis5Biographies of Directors and Senior Management17Report of the Directors22Corporate Governance Report42Environmental, Social and Governance Report61Independent Auditor’s Report76Consolidated Statement of Profit or Loss79Consolidated Statement of Comprehensive Income80Consolidated Statement of Financial Position81Consolidated Statement of Changes in Equity83Consolidated Statement of Cash Flows85Notes to the Consolidated Financial Statements86 Corporate Information公司資料 DIRECTORSExecutive DirectorsMr. JIA Muyun(Chairman)Mr. DI LingMs. ZHU Xinxin Independent Non-Executive DirectorsDr. MENG ZhijunMr. DUAN XinxiaoMr. WANG Anyuan AUDIT COMMITTEEDr. MENG ZhijunMr. DUAN XinxiaoMr. WANG Anyuan REMUNERATION COMMITTEEDr. MENG ZhijunMr. DUAN XinxiaoMr. DI Ling NOMINATION COMMITTEEMr. JIA MuyunDr. MENG ZhijunMr. DUAN Xinxiao COMPANY SECRETARYMs. WONG Yin Ming AUTHORISED REPRESENTATIVESMr. DI LingMs. WONG Yin Ming AUDITORMcMillan Woods (Hong Kong) CPA LimitedCertified Public Accountants Corporate Information公司資料 Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda REGISTERED OFFICEVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSUnit 1801, 18/FLandmark South39 Yip Kan StreetWong Chuk HangHong KongTel: (852) 2136 6618Fax: (852) 2136 6608 39Landmark South1801(852) 2136 6618(852) 2136 6608 www.ecotourgroup.com COMPANY WEBSITEwww.ecotourgroup.com MUFG Fund Services (Bermuda) Limited4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12, Bermuda PRINCIPAL SHARE REGISTRARSMUFG Fund Services (Bermuda) Limited4th Floor North, Cedar House41 Cedar AvenueHamilton HM 12, Bermuda 183171712–1716 BRANCH SHARE REGISTRARS IN HONG KONGComputershare Hong Kong Investor Services Limited Shops 1712–1716, 17th FloorHopewell Centre, 183 Queen’s Road EastWan Chai, Hong Kong LEGAL ADVISERJingtian & Gongcheng LLP PRINCIPAL BANKERThe Hongkong and Shanghai BankingCorporation Limited FinancialSummary財務概要 A summary of results and the assets and liabilities ofChina Ecotourism Group Limited (the “Company”) andits subsidiaries (collectively referred to as the “Group”)are as follows: RESULTS RevenueGross profitShare option expensesFinance costsLoss before income taxIncome tax (expense)/creditLoss for the period/year ASSETS AND LIABILITIES Total current assetsTotal assetsTotal liabilitiesNet (liabilities)/assets Management Discussion and Analysis管理層討論及分析 2023 2023 is the year of economic recovery after the epidemic.In the context of continued deglobalization, intensifiedgeopolitical conflicts, high inflation, continued interestrate hikes by the Federal Reserve, and tightening financialconditions in developed economies, the global economyshowed a “weak recovery” trend, and economic growthmomentum was seriously lacking. 20232022(GDP)5.2%5% In 2023, China’s economy has resumed growth overall.Although the economy has experienced twists and turns,based on the low base effect in 2022, the actual grossdomestic product (GDP) increased by 5.2% year-on-year for the whole year, exceeding expectations andcompleting the 5% economic growth target. 20232024 During mid-2023 to mid-2024 (the “Reporting Period”),the Group’s lottery business and China’s ecotourism andnatural health food business generally operated normallyand made steady progress. 20232024 CHINA’S LOTTERY MARKETFrom the beginning of 2023 to the first half of 2024, China’s lottery market has developed well. Affected byfactors such as the active instant lottery market, theincrease in major events such as the Asian Games and theEuropean Cup, and the expansion of channels, nationallottery sales have increased significantly compared withthe same period. 6,142.75977.8718.9%2,096.45465.5928.5%4,046.30512.2814.5%1,825.0511.7%1,315.8771.3%2,584.285.5%417.5433.1%29.71%42.07%21.42%6.80% According to information released by the Ministry ofFinance, China’s lottery ticket sales reached RMB 614.275billion during the Reporting Period, an increase of RMB97.787 billion or 18.9% year-on-year. Among them, thewelfare lottery sales edged up by RMB 46.559 billionor 28.5%% year-on-year to RMB209.645 billion; whilesports lottery sales grew by RMB51.228 billion or 14.5%year-on-year to RMB404.630 billion. The increase in salesof all types of lottery products was recorded. During theReporting Period, Lotto sales increased by 11.7% year-on-year to RMB182.505 billion. Paper-based ScratchCard (“PSC”) sales increased by 71.3% year-on-year toRMB 131.587 billion. Single Match Games (“SMG”) salesincreased by 5.5% year-on-year to RMB258.428 billion.KENO type Lottery (“KENO”) sales increased by 33.1%to RMB41.754 billion. The sales of Lotto, SMG, PSC andKENO accounted for 29.71%, 42.07%, 21.42% and6.80% of total lottery sales, respectively. Management Discussion and Analysis管理層討論及分析 2023 CHINA’S ECOTOURISM MARKETIn 2023, the do