义合控股2024/2025年报

CONTENTS2Corporate Information4Chairman’s Statement7Management Discussion and Analysis18Corporate Governance Report39Profiles of Directors and Senior Management47Report of Directors70Independent Auditor’s Report77Consolidated Statement of Profit or Loss andOther Comprehensive Income 78Consolidated Statement of Financial Position80Consolidated Statement of Changes in Equity81Consolidated Statement of Cash Flows83Notes to the Consolidated Financial Statements189Five Year Financial Summary190Glossary Yee Hop Holdings LimitedCorporate InformationDIRECTORSExecutive Directors:Mr. JIM Yin Kwan Jackin (Chairman)Mr. CHUI Mo Ming (Vice-chairman)Mr. YAN Chi Tat (Chief Executive Officer)Mr. LEUNG Hung Kwong DerrickNon-executive Director:Ms. LEE Sze Wing MabelIndependent Non-executive Directors:Mr. LEE Luk ShiuMr. YU Hon KwanMr. WONG Chi Keung JohnnyAUDIT COMMITTEEMr. LEE Luk Shiu (Chairman)Mr. YU Hon KwanMr. WONG Chi Keung JohnnyNOMINATION COMMITTEEMr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk ShiuMs. LEE Sze Wing Mabel (appointed on 27 June 2025)REMUNERATION COMMITTEEMr. YU Hon Kwan (Chairman)Mr. JIM Yin Kwan JackinMr. WONG Chi Keung JohnnyMr. LEE Luk ShiuCOMPANY SECRETARYMr. CHONG Man Hung JeffreyAUTHORISED REPRESENTATIVESMr. YAN Chi TatMr. CHONG Man Hung JeffreyINDEPENDENT AUDITORSSHINEWING (HK) CPA Limited 頴頴 2025627 Corporate InformationREGISTERED OFFICE IN THE CAYMAN ISLANDSWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman IslandsHEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONGUnits 1104–06Nan Fung Commercial Centre19 Lam Lok StreetKowloon BayHong KongPRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDSOcorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman IslandsBRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONGTricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong KongPRINCIPAL BANKERSChina Construction Bank (Asia) Corporation LimitedDBS Bank (Hong Kong) LimitedFubon Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedCOMPANY WEBSITEwww.yee-hop.com.hkSTOCK CODE01662 Annual Report 2024/25Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands191104–06Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands1617www.yee-hop.com.hk01662 Yee Hop Holdings LimitedChairman’s StatementDear ShareholdersOn behalf of the Board, I am pleased to present the annual report ofthe Group for the year ended 31 March 2025.The Group is principally engaged in (i) the provision of foundation(includingthe construction of mini-piles,rock-socketed steelH-piles and driven steel H piles) and other civil works (including siteformation works, and road and pavement works) and tunnelingworks (including pipe jacking, hand dig tunnel and cut-and-covertunnelworks)in Hong Kong and overseas,and(ii)premisesrevitalisation and enhancement business in the PRC.The Group has also invested in an associate for the purpose of thedevelopment of the Birmingham Property Project. The BirminghamProperty Project consists of 304 residential apartments situated atthe Windmill Street, Birmingham, the United Kingdom. As at 31March 2025, about 96.7% of the apartments have been sold.RESULT SUMMARYDuring the 2025 Financial Year, the Group recorded a consolidatedrevenue of approximately HK$1,108.5 million, representing anincrease of 33.2% from the 2024 Corresponding Year. Grossprofit of the Group amounted to HK$137.0 million, an increase of47.0% from the 2024 Corresponding Year. Profit attributable toowners of Company amounted to HK$39.8 million representing anincrease 80.5% as compared to that in the 2024 CorrespondingYear. Earnings per share was HK$0.08 for the 2025 Financial Yearcomparing with HK$0.04 for the 2024 Corresponding Year. TheGroup maintains healthy financial position with net current assets ofHK$225.1 million and net cash position at the financial year end.With the dedicated support of our staff and customers, the Grouphas been awarded 11 contracts with original contract sums oftotalling HK$3,049.6 million and the outstanding contract value(basedon the original contract value)as at 31 March 2025amounted to approximately HK$4,715.3 million.OUTLOOKThe Group’s dedicated focus on connecting core scientific andinnovative research with universities in Hong Kong underscores itscommitment to driving progress and improving quality of life. Byconsistently developing valuable and innovative technologies, theGroup aims to not only advance green industries but also contributeto the low-carbon transformation of Hong Kong and the GreaterBay Area. 2025331Windmill Street304202520251,108.533.2%202480.5%20250.04225.11120253 31 (i)(ii)33196.7%2024137.047.0%39.820240.0820243,049.64,715.3 Chairman’s StatementTo support re-industrialization in Hong Kong, the Group built theworld’s first Wisepura Aquapura sma