应星控股二零二四年年报

Incorporated in the Cayman Islands with limited liability()Stock Code: 1440 ANNUAL REPORT�O�� PagesCorporate Information22Five-Year Financial Summary44Chairman’s Statement55Management Discussion and Analysis99Biographical Details of Directors and SeniorManagement1818Corporate Governance Report2626Environmental, Social and Governance Report5050Directors’ Report8282Independent Auditor’s Report9999Consolidated Income Statement109109Consolidated Statement of ComprehensiveIncome110110Consolidated Statement of Financial Position111111Consolidated Statement of Changes in Equity113113Consolidated Statement of Cash Flows114114Notes to the Consolidated Financial Statements115115 Corporate Information BOARD OF DIRECTORS Executive directors Larry Stuart Torchin Mr. Tsoi Wing Sing(Chairman)Mr. Lin MinqiangMr. Larry Stuart TorchinMs. Tsoi Lam Ki Independent non-executive directors 20249 3020249 30 Mr. Chow Kit TingDr. Chiu Kwok Hung, JustinMr. Chan Hoi Shan (resigned on 30 September 2024)Mr. Mak Ming Hoi (appointed on 30 September 2024) AUDIT COMMITTEE 20249302024930 Mr. Chow Kit Ting(Chairman)Dr. Chiu Kwok Hung, JustinMr. Chan Hoi Shan (resigned on 30 September 2024)Mr. Mak Ming Hoi (appointed on 30 September 2024) REMUNERATION COMMITTEE 20249 3020249 30 Mr. Chan Hoi Shan(Chairman) (resigned on 30 September 2024)Mr. Mak Ming Hoi(Chairman) (appointed on 30 September 2024)Mr. Chow Kit TingDr. Chiu Kwok Hung, Justin NOMINATION COMMITTEE 20249302024930(20253 28(20253 28 Mr. Tsoi Wing Sing(Chairman)Dr. Chiu Kwok Hung, JustinMr. Chan Hoi Shan (resigned on 30 September 2024)Mr. Mak Ming Hoi (appointed on 30 September 2024)Ms. Tsoi Lam Ki (appointed on 28 March 2025)Mr. Chow Kit Ting (appointed on 28 March 2025) AUDITOR 1842 Forvis Mazars CPA LimitedCertified Public Accountants42/F, Central Plaza18 Harbour Road, WanchaiHong Kong REGISTERED OFFICE 71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands 71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands Star Shine Holdings Group Limited Annual Report 2024 Corporate Information公司資料 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS 3888 No. 3888, Chigang Hanxin RoadJiangkou TownHanjiang District, Putian CityFujian, the PRC COMPANY SECRETARY (CICPA, FCCA, FCPA) Ms. Xu Jing(CICPA, FCCA, FCPA) AUTHORISED REPRESENTATIVES Mr. Tsoi Wing SingMs. Xu Jing PRINCIPAL BANKERS Bank of China Company Limited, Changle Sub-branchIndustrial Bank Company Limited, Changle Sub-branchChina Merchants Bank, Fuzhou Branch, Wusi Sub-branchBank of China (Hong Kong) Limited THE CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands HONG KONG SHARE REGISTRAR 183171712 1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWan ChaiHong Kong PLACE OF BUSINESS IN HONG KONG 16921C Unit C, 21/FLee & Man Commercial Center169 Electric RoadNorth PointHong Kong COMPANY’S WEBSITE www.starshineholdings.com www.starshineholdings.com STOCK NAME STAR SHINE HLDG STOCK CODE 1440 1440 Five-Year Financial Summary CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITION Chairman’s Statement Dear shareholders, On behalf of the board (the “Board”) of directors (the“Directors”) of Star Shine Holdings Group Limited (the“Company”), I am pleased to present to you the annual report ofthe Company and its subsidiaries (collectively, the “Group”) (andeach being “we”, “us” or “our Group” for the purposes of thisannual report as appropriate) for the year ended 31 December2024 (the “Reporting Period”). Star Shine Holdings Group Limited20241231 KEY FINANCIAL HIGHLIGHTS Revenue (RMB’000)Gross profit (RMB’000)Loss before income tax (RMB’000)Loss for the year attributable to ownersof the Company (RMB’000)Loss per share– Basic and diluted (RMB cents) BUSINESS OVERVIEW 86.4%202376.7% Chairman’s Statement During the Reporting Period, the market economy remaineduncertain such as sustained high-interest scenario, geopoliticaltensions, weakening consumer confidence and increasinginternational trade barrier. China’s economy has progressivelystabilized and demonstrated signs of enhancement, yet therecovery is not as vigorous as anticipated. The Group’s lacemanufacturing and dyeing business inevitably experienced acertain degree of impact from the market conditions. However,the Group’s footwear business benefited from higher volume oforders placed by an international customer, offsetting the troughof the lace manufacturing business. 584.5202312 312023317.484.2%202323.857.512.8202310.126.4% We recorded revenue of approximately RMB584.5 million forthe Reporting Period, representing an increase of approximately84.2% from approximately RMB317.4 million for the year ended31