银建国际2024年报

2024 Financial Highlights2Corporate Information3Chairman’s Statement5Profile of Directors44Profile of Senior Management51Environmental, Social and Governance52Corporate Governance Report55Directors’Report103Independent Auditor’s Report118Consolidated Statement of Profit or Loss126Consolidated Statement of Comprehensive Income127Consolidated Statement of Financial Position128Consolidated Statement of Changes in Equity130Consolidated Statement of Cash Flows131Notes to the Consolidated Financial Statements134Financial Summary263Summary of Investment Properties264 1.202412312,304,849,61120232,304,849,611202412310.08820230.1382.3.4.5.6.7. 1.Based on 2,304,849,611 shares issued and fully paid as at 31December 2024 (2023: 2,304,849,611 shares) and the marketclosing price as at 31 December 2024 of HK$0.088 (2023:HK$0.138) per share. Net assets per share is calculated as netassets attributable to owners of the Company over number ofshares issued and fully paid. 2.Calculated as loss for the year attributable to owners of theCompany over equity attributable to owners of the Company. 3.Calculated as loss for the year attributable to owners of theCompany over total assets. 4.Calculated as total borrowings over equity attributable to owners ofthe Company. CORPORATE INFORMATION Board of Directors 202412312024 The composition of the board (“Board”) of directors (“Directors”)of Silver Grant International Holdings Group Limited (“Company”,together with its subsidiaries, the “Group”) during the year ended31 December 2024 (“Year 2024”) and as at the date of this annualreport is set out below: Executive Directors 202471202511 Chu Hing Tsung(Chairman and Co-Chief Executive Officer)Zhang Wenguang(appointed as an executive Director and a Co-Chief Executive Officer with effect from 1 July 2024 and 1January 2025, respectively)Chen Yongcun(resigned as a Co-Chief Executive Officer and re-designated as a non-executive Director with effect from 1January 2025)Luo Zhihai(resigned with effect from 1 July 2024)Tang Lunfei(resigned with effect from 10 September 2024)Weng JianKu Ka Lee(appointed with effect from 10 September 2024) 202511 20247120249102024910 Non-executive Directors 202511 Chen Yongcun(re-designated from an executive Director to anon-executive Director with effect from 1 January 2025)Chen Zhiwei Independent non-executive Directors Liang QingZhang LuHung Muk Ming Audit Committee Hung Muk Ming(Committee Chairman)Liang QingZhang Lu Remuneration Committee 202471202471 Zhang Lu(Committee Chairman)Liang QingLuo Zhihai(resigned with effect from 1 July 2024)Zhang Wenguang(appointed with effect from 1 July 2024) Nomination Committee Chu Hing Tsung(Committee Chairman)Zhang LuHung Muk Ming Company Secretary Ng Hoi Leung, Leo CORPORATE INFORMATION Company LawyersLCH Lawyers LLP Auditor ZHONGHUI ANDA CPA Limited Principal Bankers Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) Limited Share Registrar and Transfer Office 16172980133328108185 Tricor Investor Services Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong(Tel: 29801333Fax: 28108185) Registered Office 1404013B2802360628029506 Suite 4013B, 40th Floor,Office Tower, Convention Plaza,1 Harbour Road, Wanchai, Hong Kong(Tel: 28023606Fax: 28029506) http://www.silvergrant.com.cn Company Website http://www.silvergrant.com.cn Stock Code 171171 CHAIRMAN’S STATEMENT BUSINESS REVIEW 2024756,743,000202312312023947,409,000202432.83202341.11 The Group has recorded a loss attributable to owners of theCompany of approximately HK$756,743,000 for Year 2024, ascompared with that of approximately HK$947,409,000 for theyear ended 31 December 2023 (“Year 2023”). Basic loss pershare of the Company was 32.83 HK cents for Year 2024 (Year2023: 41.11 HK cents). 2024100100320.2%2024134.9130 Looking back on 2024, the global economy had experienced amoderate recovery, with a resurgence in the volume of globalgoods trade. However, the ongoing escalation of geopoliticalconflicts and the rise of trade protectionism had introducedvarious uncertainties, making the path to recovery fraught withchallenges. As global inflation generally declined, major centralbanks commenced a cycle of interest rate cuts. The EuropeanCentral Bank lowered rates four times during the year underreview, resulting in a total reduction of 100 basis points, while theFederal Reserve implemented three more rate cuts, totalling 100basis points. Concerns regarding trade policy adjustments underthe Trump administration had led the markets to anticipate apotential rebound in inflation, which might slow the pace of furtherrate cuts. In an effort to stimulate the economy, the People’sBank of China had cut rates three times and reduced reserverequirements twice during the year under review, yet the inflationrate, as measured by the year-on-year change in the consumerprice index, was only a modest 0.2%. Based on the government’sassessment, the economic situa