智中国际年报2025

ANNUAL REPORT2025 CONTENTS目錄Corporate InformationChairman’s StatementManagement Discussion and AnalysisBiographical Details of Directors and Senior ManagementDirectors’ ReportCorporate Governance ReportEnvironmental, Social and Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or Loss and Other Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFinancial Summary 100101102104172 Corporate Information公司資料LOTUS HORIZON HOLDINGS LIMITED / ANNUAL REPORT 2025BOARD OF DIRECTORSExecutive DirectorsMr. Chu Kwok Fun(Chairman and Chief Executive Officer)Mr. Tsang Chiu Wan (retired on 16 August 2024)Mr. Chen Shu An (appointed on 11 June 2024)Independent non-executive DirectorsMs. Leung Yin FaiMr. Ma Tsz ChunMs. Yuen Wai YeeAUDIT COMMITTEEMr. Ma Tsz Chun(Chairman)Ms. Leung Yin FaiMs. Yuen Wai YeeREMUNERATION COMMITTEEMs. Leung Yin Fai(Chairlady)Mr. Tsang Chiu Wan (retired on 16 August 2024)Mr. Chen Shu An (appointed on 11 June 2024)Mr. Ma Tsz ChunMs. Yuen Wai YeeNOMINATION COMMITTEEMr. Chu Kwok Fun(Chairman)Mr. Ma Tsz ChunMs. Leung Yin FaiCOMPANY SECRETARYMr. Yeung Kin WaAUTHORISED REPRESENTATIVESMr. Chu Kwok FunMr. Yeung Kin WaREGISTERED OFFICE IN CAYMAN ISLANDSCricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 董事會執行董事獨立非執行董事審核委員會薪酬委員會提名委員會公司秘書授權代表開曼群島註冊辦事處Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information公司資料HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG21/F, Delta House3 On Yiu StreetShatin, New TerritoriesHong KongLEGAL ADVISER AS TO HONG KONG LAWStevenson, Wong & Co.39th FloorGloucester TowerThe Landmark15 Queen’s Road CentralHong KongCAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICEConyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong KongAUDITORDeloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35th Floor, One Pacific Place88 QueenswayHong Kong 智中國際控股有限公司/二零二五年年報總部及香港主要營業地點321香港法律的法律顧問1539開曼群島股份過戶登記總處Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands香港股份過戶登記分處1617核數師•8835 Corporate Information公司資料LOTUS HORIZON HOLDINGS LIMITED / ANNUAL REPORT 2025PRINCIPAL BANKERSBank of China (Hong Kong) Limited1 Garden RoadHong KongDah Sing Bank Limited35th Floor, Everbright Centre108 Gloucester RoadHong KongThe Hongkong and Shanghai Banking Corporation LimitedHSBC Main Building1 Queen’s Road CentralHong KongCOMPANY WEBSITEwww.lotushorizonholdings.comSTOCK CODE6063 主要往來銀行1108351公司網站www.lotushorizonholdings.com股份代號6063 Chairman’s Statement主席報告Dear Shareholders,On behalf of the board (the “Board”) of directors (the “Directors”) ofLotus Horizon Holdings Limited (the “Company”) and its subsidiaries(collectively, the “Group”), I am pleased to present the annual reportof the Group for the year ended 31 March 2025 (the “Year”, “FY2025”or the “reporting period”).During the Year, Hong Kong developers kept cautious attitude ininvesting new projects in view of the glut of unsold residential unitsand unprecedented vacancy rates of offices in Hong Kong. Keencompetition in local building construction market sustained and grossprofit margins of new projects were further depressed. We maintainedthe prudent approach on bidding new projects and strived to secureour backlog with reasonable gross profit margins.The Group’s gross profit margin slightly decreased by 0.8% and itsgross profit was slightly decreased by HK$0.2 million for the FY2025,compared to that of prior financial year. As the Group’s overall grossprofit margin squeezed by fierce competition, we maintained highemphasis on costs control measures, while insisted on high standardof work quality and safety, in order to reduce to negative impact fromtight project budgets.As Hong Kong is experiencing a slowdown in economic momentumresulting from lessened domestic demand and global economyuncertainties, it is expected that the numbers of new residentialand commercial properties development projects would remainrelatively low in the coming year. Despite some recovery support bygovernmental measures, it would take time to get through the winter.We are prepared to enhance our competitive strengths to maintain ourmarket share and profitability.In view of the challenges in Hong Kong building construction marketand considering the Group’s healthy cash position, we have beenproactively seeking potential opportunities for expanding the Group’sbusiness. In May 2025, as disclosed in the Company’s announcementsdated 23 May 2025 and 30 May 2025 respectively, the Group enteredinto a joint venture agreement with a company incorporated inMacau for th