帝王实业控股二零二四年年报

Stock Code1 9501950 Contents Corporate Information2Financial Highlights5Statement from the Board of Directors6Management Discussion and Analysis8Biographies of Directors and Senior Management19Directors’Report24Corporate Governance Report40Independent Auditors’Report58Consolidated Statement of Profit or Loss and OtherComprehensive Income65Consolidated Statement of Financial Position67Consolidated Statement of Changes in Equity69Consolidated Statement of Cash Flows70Notes to the Consolidated Financial Statements72Financial Summary168 Corporate Information BOARD OF DIRECTORSExecutive Directors 20247312024731 Mr. Chen HuaMr. Lam Kam Kong NathanielMr. Sun JingangMr. Cheung Ka Wai(Appointed on 31 July 2024)Mr. Tse Chun Chung(Resigned on 31 July 2024) Independent non-executive Directors 20241242024124 Mr. Au Hei ChingMr. Lee Cheung Yuet HoraceMs. Zhou XiaochunMr. Huang Zhenming(Appointed on 24 January 2024)Mr. Zheng Yu(Resigned on 24 January 2024) AUDIT COMMITTEE 20241242024124 Mr. Lee Cheung Yuet Horace(Chairman)Mr. Au Hei ChingMs. Zhou XiaochunMr. Huang Zhenming(Appointed on 24 January 2024)Mr. Zheng Yu(Resigned on 24 January 2024) NOMINATION COMMITTEE Mr. Lee Cheung Yuet Horace(Chairman)Mr. Lam Kam Kong NathanielMr. Au Hei Ching REMUNERATION COMMITTEE Mr. Lee Cheung Yuet Horace(Chairman)Mr. Chen HuaMs. Zhou Xiaochun JOINT COMPANY SECRETARIES 20243120246 7202467202431 Mr. Wong Ka Sing(Appointed as company secretary on 1 March2024 and redesignated as joint company secretary on 7 June2024)Mr. Lam Kam Kong Nathaniel(Appointed as joint companysecretary on 7 June 2024)Mr. Chan Ming Kei(Resigned as company secretary on 1 March2024) Corporate Information AUTHORISED REPRESENTATIVES 202431202431 Mr. Lam Kam Kong NathanielMr. Wong Ka Sing(Appointed on 1 March 2024)Mr. Chan Ming Kei(Resigned on 1 March 2024) INDEPENDENT AUDITOR 9131305-07 KTC Partners CPA LimitedRoom 1305-07, 13/F.,New East Ocean Centre9 Science Museum Road,Tsim Sha Tsui, Kowloon, Hong Kong PRINCIPAL BANK Bank of Communications Co., Ltd.Bank of China (Hong Kong) Limited www.dwhl1950.com COMPANY’S WEBSITEwww.dwhl1950.com 1950 STOCK CODE1950 REGISTERED OFFICE Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman KY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman KY1-9009Cayman Islands Corporate Information HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN THE PRC 2 No.2, Jiangshan RoadMeicheng TownJiande CountyHangzhou CityZhejiang ProvincePRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 15111101 1101, 11thFloor,Gloucester Tower, The Landmark,15 Queen’s Road Central,Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Financial Highlights 202412 31202312314,097,0000.72%566,475,0002023570,572,000 Forthe year ended 31 December 2024(the“Year”or“Reporting Period”),the revenue of the Group wasapproximately RMB566,475,000 (2023: RMB570,572,000),representing an slight decrease of approximately RMB4,097,000or 0.72% as compared to the year ended 31 December 2023 (the“Prior Year”). 23,916,00010.3%257,299,0002023233,383,000 The gross profit of the Group for the Year was approximatelyRMB257,299,000 (2023: RMB233,383,000), representing anincrease of approximately RMB23,916,000 or 10.3% as comparedto the Prior Year. 30,015,00024,874,00030,030,000202319,451,000 For the Year, the Group recorded net profit of approximatelyRMB30,015,000 as compared to the net profit of approximatelyRMB24,874,000 for the Prior Year. Profit for the year attributableto owners of the Company was approximately RMB30,030,000(2023: RMB19,451,000). 4.1720234.11 The basic and diluted earning per share was RMB4.17 cents(2023: basic and diluted earning per share was RMB4.11 cents. The Board has resolved not to declare the final dividend for theYear. Statement from the Board of Directors To all shareholders, On behalf of the Board of Directors (the“Board”) of DiwangIndustrial Holdings Limited (the“Company”), we are pleased topresent the annual report along with the audited consolidatedfinancial statements of the Company and its subsidiaries (the“Group”) for the year. 2024GDP5%6%COVID-192024 China’s economy is expected to rebound in 2024, with GDPgrowth projected to be around 5-6%. This recovery will besupported by government stimulus measures, increased domesticconsumption, and a rebound in manufacturing. Following thelifting of COVID-19 restrictions, consumer confidence is on therise. Retail sales are anticipated to grow as households increasespending on services and goods, particularly in tourism andentertainment. As we review the 2024 global economy, we seea mix of opportunities