中国万桐园年报2024

China Wan Tong Yuan (Holdings) Limited (Incorporated in the Cayman Islands with limited liability)Stock Code: 6966 CONTENTS 2Corporate Information4Financial Summary6Chairman’s Statement9Management Discussion and Analysis23Corporate Governance Report37Biographies of Directors and Senior Management43Directors’ Report56Independent Auditor’s Report62Consolidated Statement of Profit or Loss and OtherComprehensive Income63Consolidated Statement of Financial Position65Consolidated Statement of Changes in Equity66Consolidated Statement of Cash Flows68Notes to the Consolidated Financial Statements CORPORATE INFORMATION公 司 資 料 BOARD OF DIRECTORSNon-executive DirectorMs. Zhao Ying(Chairman) Executive Directors Ms. Li XingyingMs. Wang WeiMr. Huang Peikun Independent Non-executive Directors Mr. Cheung Ying KwanDr. Wong Wing Kuen AlbertMr. Choi Hon Keung Simon (HKICPA) AUTHORIZED REPRESENTATIVESMs. Li XingyingMs. To Yee Man (HKICPA) (HKICPA) COMPANY SECRETARYMs. To Yee Man (HKICPA) AUDIT COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Cheung Ying KwanMr. Choi Hon Keung Simon NOMINATION COMMITTEE Ms. Zhao Ying(Chairman)Mr. Cheung Ying KwanMr. Choi Hon Keung Simon REMUNERATION COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Cheung Ying KwanMs. Zhao Ying REGISTERED OFFICE 2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands 2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands Corporate Information公司資料 HEADQUARTER IN CHINA 48 No. 48, Louzhuang Road,Langfang Development Area,Langfang, Hebei, PRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 30266A02 Unit 6A02, 6/FWah Kit Commercial Centre302 Des Voeux Road CentralHong Kong AUDITORSDeloitte Touche TohmatsuRegistered Public Interest Entity Auditors LEGAL ADVISER TO THE COMPANYJeffrey Mak Law Firm(as to Hong Kong laws) PRINCIPAL BANKERHang Seng Bank www.chinawty.com COMPANY WEBSITEwww.chinawty.com PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE TMF (Cayman) Ltd.2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands TMF (Cayman) Ltd.2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17/FHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 6966 STOCK CODE6966 FINANCIAL SUMMARY財 務 概 要 Notes: CHAIRMAN’S STATEMENT主 席 報 告 書 Dear honourable shareholders, Duringthe Period,the Group was principally engaged in the sale of burial plots,columbarium units and provision of other burial-related services, provision of cemeterymaintenance services and provision of funeral services. Zhao Ying,Non-Executive Director and Chairman Dear Shareholders, With the new year embracing vibrancy and agility, on behalf of theboard of directors (the “Board”) of the Company and my personalown, may I extend my heartfelt gratitude and sincere greetings to allshareholders,investors and friends from all sectors for yourlong-lastingcaring and support in this glowing and bloomingseason! 202412 312024202444.09.8 I am pleased to present, on behalf of the Board of China Wan TongYuan (Holdings) Limited (the “Company”), the audited consolidatedfinancial statements of the Company and its subsidiaries (collectivelyreferred to as the “Group”) for the year ended 31 December 2024.In2024,despite the complexity and changes of the marketenvironmentas well as the increasingly fierce competition in theindustry,the Group always adhered to the concept of“providingpeople-oriented services” in its operation, actively committed itself toexpansionand innovation,and ambitiously carried out itsundertakingwith determination,in order to achieve greatperformancewith respect to business expansion,serviceenhancement and public charity, and establish the foundation for thesustainable and healthy development of the Company. In 2024, theoperating revenue of the Group amounted to RMB44.0 million andthe profit attributable to shareholders amounted to RMB9.8 million. Chairman’s Statement主席報告書 70,546.27+ Focusingon principal business and active expansion ofbusiness.In order to satisfactorily fulfill the diversified funeralservicedemand from the public,the Group always insisted onactively expanding its business and continuously increasing its marketsharebased on market demand.In the past year,the Grouppurchased70,546.27 square meters of burial land in the airporteconomic demonstration zone in Hebei Province, where it will focusoncreating a modern cemetery which will be green,ecological,land-saving, environmentally friendly, scenic, and convenient, furtherexpanding the business scale of the Company and optimizing theregional layout. Meanwhile, in order to provide our customers withmore convenient and efficient service experience, the G