富景中国控股年报2024

CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Zhang Yonggang(Chairman and Chief Executive Officer)Mr. Lyu ZhonghuaMr. Cui WeiMs. Guo Zeqing(resigned on 5 September 2024)Mr. Pang JinhongMs. Geng Juan(appointed on 16 January 2025) Independent Non-executive Directors 淵 Mr. Lam Chik TongDr. Li JunliangMs. Chow Wai Mee May(resigned on 16 January 2025)Dr. Wang Wenyuan(appointed on 16 January 2025) BOARD COMMITTEES 淵 Audit CommitteeMr. Lam Chik Tong(Chairman)Dr. Li JunliangMs. Chow Wai Mee May(resigned on 16 January 2025)Dr. Wang Wenyuan(appointed on 16 January 2025) Remuneration Committee Dr. Wang Wenyuan(Chairman)(appointed on 16 January 2025)Ms. Chow Wai Mee May(resigned on 16 January 2025)Mr. Lam Chik TongDr. Li Junliang 淵 Nomination Committee 淵 Mr. Zhang Yonggang(Chairman)Ms. Chow Wai Mee May(resigned on 16 January 2025)Mr. Lam Chik TongDr. Li JunliangDr. Wang Wenyuan(appointed on 16 January 2025)Ms. Geng Juan(appointed on 16 January 2025) Company SecretaryMr. Au Yeung Min Yin Gordon CORPORATE INFORMATION AUTHORISED REPRESENTATIVES Mr. Zhang YonggangMr. Au Yeung Min Yin Gordon AUDITOR 18824 McMillan Woods (Hong Kong) CPA Limited24/F., Siu On Centre188 Lockhart Road, Wan ChaiHong Kong(Certified Public Accountants, Registered Public Interest Entity Auditor) COMPLIANCE ADVISER 18272701 Grande Capital LimitedRoom 2701, 27/FTower One, Admiralty Centre18 Harcourt RoadAdmiraltyHong Kong LEGAL ADVISERS AS TO HONG KONG LAW 1511 Hastings & Co.11/F, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong 89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands REGISTERED OFFICE 89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 11One Midtown2816 Unit 16, 28/FOne Midtown11 Hoi Shing RoadTsuen Wan, Hong Kong CORPORATE INFORMATION HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESSIN THE PEOPLE’S REPUBLIC OF CHINA (THE “PRC”) Huanhu North Road SouthNanbu Village South, Rizhuang TownLaixi, Qingdao, Shandong ProvinceThe PRC Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands PRINCIPAL SHARE REGISTRAR Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKBank of China (Hong Kong) Limited 2497 STOCK CODE2497 COMPANY’S WEBSITEwww.fujingnongye.com www.fujingnongye.com CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board of directors (the “Board”) of Fujing Holdings Co.,Limited (the “Company”), I am pleased to present to you the annual report ofthe Company and its subsidiaries (collectively, the “Group”) for the year ended31 December 2024 (the “Reporting Period” or “FY2024”). FINANCIAL RESULTS 182.2157.915.4%68.512.8%77.349.25.3%51.8(i)(a)(b)(c)(ii)2810.512.1 For FY2024, our Group recorded a total revenue of approximately RMB182.2million, representing an increase of approximately 15.4% as compared toapproximately RMB157.9 million for the year ended 31 December 2023(“FY2023”). Our gross profit increased by approximately 12.8% fromgross profit of approximately RMB68.5 million for FY2023 to gross profit ofapproximately RMB77.3 million for FY2024. Our Group’s net profit increasedby approximately 5.3% from net profit of approximately RMB49.2 million forFY2023 to net profit of approximately RMB51.8 million for FY2024. Suchincrease was primarily attributable to the increase in the sales volume of ourpotted vegetable produce from approximately 10.5 million pots in FY2023to approximately 12.1 million pots in FY2024 due to (i) the increased overallutilisation rate of our three existing cultivation facilities namely (a) the Laixifacility in Laixi, Qingdao, Shandong province (the “Laixi Facility”); (b) theXi’an facility in Xi’an, Shaanxi province (the “Xi’an Facility”); and (c) theDalian facility in Dalian, Liaoning province (the “Dalian Facility”); and (ii) thedeployment of 28 greenhouses in our new facility in Beijing (the “BeijingFacility”) in December 2024, both of which led to higher productivity. PROSPECTS (i)(ii)(iii)(iv) The financial results for FY2023 and FY2024 indicate that the Group hasmaintained steady growth in business activities. Furthermore, the substantialincrease in our sales volume in FY2024 demonstrates the strong marketdemand for the Group’s potted vegetable produce. We intend to achievesustainable growth in sales and profit and further strengthen our leadingposition in the potted vegetable produce industry in the PRC by implementingthe following strategies: (i) to expand our cultivation capacity; (ii) to establish anew cultivation facility in new geographical market; (iii) to set up a designatedorganic substrates preparation facility; and (iv) to strengthen our operationalefficiency through upgrade of our information technology system. LISTING The Company was successfully