联合医务中期报告 2024/2025

INTERIM REPORT2024/2025 CONTENTS目錄 38Condensed Consolidated Statementof Financial Position簡明綜合財務狀況表40Condensed Consolidated Statementof Changes in Equity簡明綜合權益變動表41Condensed Consolidated Statementof Cash Flows簡明綜合現金流量表43Notes to the CondensedConsolidated Interim FinancialStatements簡明綜合中期財務報表附註68Glossary詞彙 2Corporate Information公司資料4Financial Highlights財務摘要5Management Discussion andAnalysis管理層討論及分析21Corporate Governance Highlights企業管治摘要23Other Information其他資料36Condensed Consolidated Statementof Profit or Loss簡明綜合損益表37Condensed Consolidated Statementof Comprehensive Income簡明綜合全面收入表 Corporate Information公司資料 BOARD OF DIRECTORSExecutive Directors 孫耀江醫生（主席）孫文堅醫生（副主席兼聯席行政總裁） Dr. Sun Yiu Kwong(Chairman)Dr. Sun Man Kin, Michael(Vice Chairman andCo-Chief Executive Officer)Ms. Kwok Cheuk Kwan, Jacquen(Co-Chief Executive Officer)Mr. Tsang On Yip, PatrickBBSDr. Lee Pak Cheung, Patrick 郭卓君女士（聯席行政總裁）曾安業先生銅紫荊星章李柏祥醫生 非執行董事李家聰博士 Non-executive DirectorDr. Lee Kar Chung, Felix 獨立非執行董事 李聯偉先生銅紫荊星章，太平紳士李國棟醫生金紫荊星章，太平紳士楊德斌先生太平紳士 Independent Non-executive DirectorsMr. Lee Luen Wai, JohnBBS JPDr. Li Kwok Tung, DonaldGBS JPMr. Yeung Tak BunJP AUDIT COMMITTEEMr. Lee Luen Wai, JohnBBS JP(Chairman) 審核委員會李聯偉先生銅紫荊星章，太平紳士（主席） Dr. Li Kwok Tung, DonaldGBS JPMr. Yeung Tak BunJP 李國棟醫生金紫荊星章，太平紳士楊德斌先生太平紳士 薪酬委員會李國棟醫生金紫荊星章，太平紳士（主席） 曾安業先生銅紫荊星章李聯偉先生銅紫荊星章，太平紳士 REMUNERATION COMMITTEEDr. Li Kwok Tung, DonaldGBS JP(Chairman)Mr. Tsang On Yip, PatrickBBSMr. Lee Luen Wai, JohnBBS JP 提名委員會孫耀江醫生（主席）李聯偉先生銅紫荊星章，太平紳士李國棟醫生金紫荊星章，太平紳士 NOMINATION COMMITTEEDr. Sun Yiu Kwong(Chairman) Mr. Lee Luen Wai, JohnBBS JPDr. Li Kwok Tung, DonaldGBS JP 授權代表郭卓君女士張志華先生 AUTHORISED REPRESENTATIVESMs. Kwok Cheuk Kwan, JacquenMr. Cheung Chi Wah, Patrick 公司秘書張志華先生 COMPANY SECRETARYMr. Cheung Chi Wah, Patrick Corporate Information公司資料 總部及主要營業地點 HEADQUARTERS AND PRINCIPAL PLACEOF BUSINESS27th Floor 香港德輔道中71號永安集團大廈27樓 Wing On House71 Des Voeux Road CentralHong Kong 註冊辦事處 REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 開曼群島主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 香港股份過戶登記分處卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 HONG KONG BRANCH SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong 核數師 畢馬威會計師事務所《會計及財務匯報局條例》下的註冊公眾利益實體核數師 AUDITOR KPMGPublic Interested Entity Auditor registered inaccordance with the Accounting andFinancial ReportingCouncil Ordinance 主要往來銀行恒生銀行有限公司瑞士銀行 PRINCIPAL BANKERSHang Seng Bank LimitedUBS AG 財政年度年結日6月30日 FINANCIAL YEAR END30 June 股份代號722 STOCK CODE722 每手買賣單位2,000股股份 BOARD LOT2,000 shares 公司網站www.ump.com.hk COMPANY WEBSITEwww.ump.com.hk Financial Highlights財務摘要 Management Discussion and Analysis管理層討論及分析 概覽 OVERVIEW 2024/25財年上半年在充滿挑戰的香港宏觀經濟 環 境 下 揭 開 序 幕。利 率 上 漲、通 脹 壓 力，加 上 消 費 者 信 心 下 滑，繼 續 拖 累 可 支 配 開支，影響包括醫療保健在內的各行各業。儘管如此，本港經濟呈初步穩定跡象，為復甦帶來一定的樂觀預期。 The1H FY24/25 unfolded against a challenging macroeconomicbackdropin Hong Kong.Elevated interest rates,inflationarypressures,and subdued consumer sentiment continued to weighon discretionary spending, impacting various industries, includinghealthcare. Nevertheless, the city’s economy showed early signs ofstabilization, offering some optimism for recovery. For healthcare providers, the dual pressures of high operational costsandintensifying cross-boundary competition created a complexoperatingenvironment.Elective and outpatient services facedheightened competition, while essential medical services remainedin demand, albeit with increased price sensitivity among consumers. 對於醫護服務提供者而言，經營成本高企及跨境競爭加劇的雙重壓力，造成了複雜的經營環境。非緊急及門診服務面對更激烈的競爭，而基本醫療服務需求仍然殷切，但消費者對價格更為敏感。 Inthis environment,UMP remained committed to its corestrengths:with over three decades of established presence inqualitycommunity outpatient services,patient pool from ourwell-established corporate healthcare solution business, integratedservice networks, and cross-boundary healthcare coordination. Byadaptingto evolving patient preferences and regulatory changes,we have navigated these challenges with resilience. Our efforts tooptimize costs, enhance operational efficiency, and deliver value-focused services have yielded tangible results. 在此環境下，聯合醫務繼續堅持其核心優勢：逾三十年社區門診服務的穩固基礎和質素、發展成熟的企業醫療保健解決方案業務就醫人 口 庫、綜 合 服 務 網 絡，及 跨 境 醫 療 協 調。通過適應患者不斷變化的偏好及監管法規的變化，我們以堅韌不拔之志應對挑戰，並在優化成本、提升營運效率和提供價值服務方面取得了實質成果。 於2023/24財年實施的營運效率措施已初見成效，有助於改善利潤率及節省成本。毛利率維 持 不 變，而 未 計 利 息、稅 項、折 舊 及 攤 銷前的利潤由2023/24財年上半年約39.8百萬港元提升17.0%至2024/25財年上半年約46.6百萬港元，反映營運效率改善。我們透過優化人員編制使人力資源開支按年減4.4%，並透過有效的設施整合使租賃開支及使用權資產折 舊 的 總 額 按 年 減 少 約15.0%。這 些 成 績 突顯了管理層在充滿挑戰的宏觀經濟氣候下的策略執行力及對可持續增長的承諾。 Operationalefficiencies implemented in FY23/24 began