中国集成控股年报2024

A N N U A LR E P O R T2 0 2 4年報 2 4 6 13 Corporate Governance Report 31 Report of the Directors 46 Independent Auditor’s Report 52 Consolidated Statement of Profit or Loss andOther Comprehensive Income 53 55 57 59 Financial Summary132 CORPORATE INFORMATION BOARD OF DIRECTORS EXECUTIVE DIRECTORS Mr. Huang Wenji(Chairman)Mr. Yang GuangMr. Lin ZhenshuangMr. Chung Kin Hung, Kenneth INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Tso Sze WaiMr. Yang XuetaiMs. Lee Kit Ying, Winnie BOARD COMMITTEES AUDIT COMMITTEE Mr. Tso Sze Wai(Chairman)Mr. Yang XuetaiMs. Lee Kit Ying, Winnie REMUNERATION COMMITTEE Ms. Lee Kit Ying, Winnie(Chairperson)Mr. Tso Sze WaiMr. Yang Xuetai NOMINATION COMMITTEE Mr. Yang Xuetai(Chairman)Mr. Tso Sze WaiMs. Lee Kit Ying, Winnie COMPANY SECRETARY Mr. Yuen Wai Keung AUTHORISED REPRESENTATIVES Mr. Huang WenjiMr. Yuen Wai Keung REGISTERED OFFICE Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands www.china-jicheng.cn COMPANY WEBSITE www.china-jicheng.cn HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN THE PRC Yonghe Industrial SectionYonghe TownJinjiang CityFujian ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 137-1399905 Room 905, 9/FSan Toi Building137-139 Connaught Road CentralSheung Wan, Hong Kong 01027 STOCK CODE 01027 CAYMAN ISLANDS SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR 255151501 Infinity CPA LimitedRoom 1501, 15/FOlympia Plaza255 King’s RoadNorth Point, Hong Kong PRINCIPAL BANKERS Bank of China Limited Jinjiang BranchChina Construction Bank Corporation Jinjiang Branch CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”)of China Jicheng Holdings Limited (the “Company”), I am pleasedto present our annual report of the Company and its subsidiaries(collectivelyreferred to as the“Group”)for the year ended31 December 2024. POE35320.1%1193 The Group is principally engaged in the manufacturing and saleof POE umbrellas, nylon umbrellas and umbrella parts such asplastic cloth and shaft. During the year ended 31 December 2024,the Group’s revenue increased to approximately RMB353 million,representing an increase of approximately 20.1% in comparison tothat of 2023. For the year ended 31 December 2024, the Grouprecorded a profit for the year of approximately RMB11 million, ascompared with loss of approximately RMB93 million for the yearended 31 December 2023. The Directors do not recommend thepayment of final dividend for the year ended 31 December 2024. POE591627.1%43 The revenue of the Group’s POE umbrellas products decreased byapproximately RMB16 million, or 27.1%, from approximately RMB59million for the year ended 31 December 2023 to approximatelyRMB43 million for the year ended 31 December 2024. 1143127.2%145 The revenue of the Group’s nylon umbrellas products increasedby approximately RMB31 million, or 27.2%, from approximatelyRMB114million for the year ended 31 December 2023 toapproximately RMB145 million for the year ended 31 December2024. 1214436.4%165 The revenue of the Group’s umbrella parts products increasedby approximately RMB44 million, or 36.4%, from approximatelyRMB121million for the year ended 31 December 2023 toapproximately RMB165 million for the year ended 31 December2024. CHAIRMAN’S STATEMENT Our principal objectives are to maintain and strengthen our positionas a leading umbrella manufacturer focused in Japan market andon our own branded umbrella products in the People’s Republicof China (“PRC”) market, and increase our market share in existingmarkets such as Hong Kong, Cambodia and Republic of Korea. Looking ahead, the Group will shift business focus from developingupstream manufacturing to downstream distribution network andbrand building so as to facilitate promotion of the Group’s brandedumbrellas which command higher margins and create higher valuesas well as bringing better return to our shareholders. To diversify itsbusiness and explore potential business opportunities, the Group isexploring and developing business opportunities and projects. On behalf of the Board of Directors, I would like to thank all thecolleagues for their diligence, dedication, loyalty and integrity. I wouldalso like to thank all the shareholders, customers, bankers and otherbusiness associates for their trust and support. Huang WenjiChairman Fujian Province, the PRC, 28 March 2025 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW POE The Group is principally engaged in the manufacturing and sale ofPOE umbrellas, nylon umbrellas and umbrella parts suc