远大中国年报2024

YUANDA CHINAHOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability)Stock Code2789 Contents Corporate Information2Financial Highlights5Corporate Culture & Mission6Chairman’s Statement7Management Discussion and Analysis9Directors and Senior Management24Corporate Governance Report29Report of the Board of Directors58Independent Auditor’s Report72Consolidated Statement of Profit or Loss83Consolidated Statement of Profit or Loss andOther Comprehensive Income84Consolidated Statement of Financial Position85Consolidated Statement of Changes in Equity87Consolidated Cash Flow Statement89Notes to the Consolidated Financial Statements91Five Year Financial Summary220 Corporate Information DIRECTORS 202436 Executive DirectorsKang Baohua(Chairman)Zhao Zhongqiu (Chief executive officer)Ma Minghui(resigned on 6 March 2024)Wang HaoZhang Lei 2024642024117 Independent non-executive DirectorsWoo Kar Tung, Raymond(retired on 4 June 2024)Yang QianwenWang YuhangHa Gang(appointed on 17 January 2024) BOARD COMMITTEES 2024642024117 Audit CommitteeWoo Kar Tung, Raymond(retired on 4 June 2024)Yang Qianwen(Chairman)Wang YuhangHa Gang(appointed on 17 January 2024) Nomination CommitteeKang Baohua(Chairman)Yang QianwenWang Yuhang 2024642024117 Remuneration CommitteeWoo Kar Tung, Raymond(retired on 4 June 2024)Zhao ZhongqiuYang Qianwen(Chairman)Ha Gang(appointed on 17 January 2024) REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information HEADQUARTERS IN CHINA 1320110027 20, Street 13Shenyang Economic & Technological Development AreaShenyang 110027China PLACE OF BUSINESS IN HONG KONG 362911 Office 11, 9/FFortune Commercial Building362 Sha Tsui RoadTsuen Wan, New TerritoriesHong Kong AUTHORIZED REPRESENTATIVES Zhao ZhongqiuYu Leung Fai, Philip(CPA (HKICPA, AICPA and ASCPA)) COMPANY SECRETARYYu Leung Fai, Philip(CPA (HKICPA, AICPA and ASCPA)) PRINCIPAL SHARE REGISTRAR Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands HONG KONG SHARE REGISTRAR MUFG Corporate Markets Pty Limited28161601 MUFG Corporate Markets Pty LimitedSuite 1601, 16/F Central Tower28 Queen’s Road Central,Hong Kong The Main Board of The Stock Exchange of Hong Kong Limited(the “Stock Exchange”) 2789 STOCK CODE2789 Corporate Information PRINCIPAL BANKERS Industrial and Commercial Bank of China Limited,Shenyang Yuhong SubbranchChina Development Bank Corporation, Liaoning BranchShengjing Bank, Shenyang Yuhong SubbranchChina Construction Bank Corporation, Shenyang ShenheSubbranchChina Zheshang Bank Co., Ltd., Shenyang BranchShenyang Rural Commercial Bank Co., Ltd., Hunnan SubbranchHuludao Rural Commercial Bank Co., Ltd., Longgang SubbranchIndustrial Bank Co., Ltd. Shenyang Changbai Subbranch AUDITORS 108 Public Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance8th Floor, Prince’s Building10 Chater RoadCentral, Hong Kong LEGAL ADVISORSAs to Hong Kong lawRonald Tong & Co www.yuandacn.com WEBSITEwww.yuandacn.com Note:Adjusted gross profit margin is calculated based on adjustedgross profit, which represents gross profit after impairmentlosses for trade and bills receivables and contract assets. Corporate Culture & Mission OPERATION PHILOSOPHYTechnology leads marketsServices create value ENTERPRISE MOTTO To do things honestlyTo treat people sincerelyTo understand causes and resultsTo unify theory and practiceTo lead an honest and clean life CORPORATE MISSION For the countryFor the customersFor the employeesFor the shareholders MANAGEMENT CONCEPTSSustainable DevelopmentCircular ImprovementStatistics AnalysisContinuous Improvement PRODUCT CONCEPTSServiceQualityCost WEALTH CONCEPTSWealth means responsibility TALENT CONCEPTSJudging people on his performanceTalent comes first MARKETING CONCEPTSIdentify the needs of the customersCreate value for the customersProvide best services to the customers CULTURE CONCEPTS RespectCommunicateUnderstandIntegratePursue DEVELOPMENT STRATEGIESIndependent BrandIndependent Intellectual PropertyIndependent Marketing Network Chairman’s Statement Dear shareholders, 20241231 On behalf of the board (the “Board”) of directors (the “Directors”)of Yuanda China Holdings Limited (the “Company”), togetherwith its subsidiaries (collectively referred to as the “Group” or“Yuanda China”), I hereby present to you the Group’s annualreport for the year ended 31 December 2024 (the “ReportingPeriod”). 202420242024134.915.0% In 2024, global economic growth remained subdued. Despitedemonstrating resilience in the face of multiple shocks such asgeopolitical conflicts, inflation,