开明投资2025年年报

公司資料管理層討論與分析董事會人員資料董事會報告企業管治報告環境、社會及管治報告獨立核數師報告綜合損益及其他全面收益表綜合財務狀況表綜合權益變動表綜合現金流動表綜合財務報表附註目錄 Corporate InformationManagement Discussion and AnalysisProfile of DirectorsReport of the DirectorsCorporate Governance ReportEnvironmental, Social and Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or Loss andOther Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsCONTENTS 2420223553727879808182 公司資料周偉興先生（於二零二五年六月六日獲推選為董事會主席）鄭偉倫先生黃潤權博士（前主席，於二零二五年六月六日辭任）郭明輝先生，CPA鄧漢標先生郭婉琳女士（於二零二四年七月十二日獲委任）馮振雄醫生（於二零二四年八月二十一日退任）梁文禮先生，CPA久安（香港）會計師事務所有限公司執業會計師郭明輝先生，CPA（主席）鄧漢標先生郭婉琳女士（於二零二四年七月十二日獲委任）馮振雄醫生（於二零二四年八月二十一日退任）郭明輝先生，CPA（主席）鄧漢標先生鄭偉倫先生郭婉琳女士（於二零二四年七月十二日獲委任）馮振雄醫生（於二零二四年八月二十一日退任）郭明輝先生，CPA（主席）鄧漢標先生鄭偉倫先生郭婉琳女士（於二零二四年七月十二日獲委任）馮振雄醫生（於二零二四年八月二十一日退任）華僑銀行（香港）有限公司 UBA INVESTMENTS LIMITED開明投資有限公司CORPORATE INFORMATIONBOARD OF DIRECTORSExecutive DirectorsMr. CHAU Wai Hing(Elected as Chairman on 6 June 2025)Mr. CHENG Wai Lun, AndrewDr. WONG Yun Kuen(Former Chairman, resigned on 6 June 2025)Independent Non-Executive DirectorsMr. KWOK Ming Fai, CPAMr. TANG Hon Bui, RonaldMs. KWOK Yuen Lam, Sophia(Appointed on 12 July 2024)Dr. FUNG Lewis Hung(Retired on 21 August 2024)COMPANY SECRETARYMr. LEUNG Man Lai, CPAAUDITORSAsian Alliance (HK) CPA LimitedCertified Public Accountants(Practising)AUDIT COMMITTEEMr. KWOK Ming Fai, CPA(Chairman)Mr. TANG Hon Bui, RonaldMs. KWOK Yuen Lam, Sophia(Appointed on 12 July 2024)Dr. FUNG Lewis Hung(Retired on 21 August 2024)REMUNERATION COMMITTEEMr. KWOK Ming Fai, CPA(Chairman)Mr. TANG Hon Bui, RonaldMr. CHENG Wai Lun, AndrewMs. KWOK Yuen Lam, Sophia(Appointed on 12 July 2024)Dr. FUNG Lewis Hung(Retired on 21 August 2024)NOMINATION COMMITTEEMr. KWOK Ming Fai, CPA(Chairman)Mr. TANG Hon Bui, RonaldMr. CHENG Wai Lun, AndrewMs. KWOK Yuen Lam, Sophia(Appointed on 12 July 2024)Dr. FUNG Lewis Hung(Retired on 21 August 2024)PRINCIPAL BANKEROCBC Bank (Hong Kong) Limited 公司資料香港聯合交易所：768http://www.uba.com.hk美建管理有限公司香港德輔道中300號華傑商業中心16樓B室P.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman IslandsSuntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3,Building D, P.O. Box 1586,Gradenia Court, Camana Bay,Grand Cayman, KY1-1100Cayman Islands香港夏愨道16號遠東金融中心17樓 CORPORATE INFORMATIONSTOCK CODEHong Kong Stock Exchange: 768WEBSITEhttp://www.uba.com.hkINVESTMENT MANAGERUpbest Assets Management LimitedPRINCIPAL PLACE OF BUSINESS IN HONG KONGFlat B, 16th Floor, Wah Kit Commercial Centre300 Des Voeux Road CentralHong KongREGISTERED OFFICEP.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman IslandsCAYMAN ISLANDS PRINCIPAL REGISTRARSuntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3,Building D, P.O. Box 1586,Gradenia Court, Camana Bay,Grand Cayman, KY1-1100Cayman IslandsHONG KONG BRANCH REGISTRARTricor Investor Services Limited17th Floor,Far East Finance Centre,No. 16 Harcourt Road, Hong Kong Annual Report 2025 UBA INVESTMENTS LIMITED開明投資有限公司MANAGEMENT DISCUSSION AND ANALYSISBUSINESS REVIEWForthe year ended 31 March 2025,UBA Investments Limited anditssubsidiaries(the“Group”)recorded a profit of approximatelyHK$10.3 million (2024: loss of HK$7.4 million) made up of realised andunrealised gains of HK$6.24 million and HK$4.02 million respectivelyin relation to the listed securities (2024: realised gains and unrealisedloss of HK$0.14 million and HK$5.9 million respectively), and realisedloss of HK$0.03 million in relation to the unlisted equity investment,which was disposed through disposal of subsidiaries during the yearended 31 March 2025 (2024: unrealised loss of HK$1.95 million). Theearnings per share was HK0.81 cents (2024: loss per share HK0.58cents). Gross proceeds from disposal of trading securities increasednearly 20 times from HK$2.9 million to HK$59.6 million resulting from theproactive investment strategy adopted by the management this financialyear and consistence and in line with the increasing securities marketturnover (Main board and Gem listed in Hong Kong) of approximately72%as compared with last corresponding year.Meanwhile,theGroup also holds numerous high yield and blue chip listed securitiesinorder to generate dividend for operations and sufficient fund tomeet investment opportunities. Also, it can minimize any potential lossgeneratedin the highly volatile stock markets.Moreover,the Groupmaintained cash and cash equivalents of approximately HK$30.6 millionand HK$5.5 million for year ended 31 March 2025 and year ended 31March 2024 respectively, as the Group disposed some profitable listedsecurities and deposited it into bank for generation of bank interestincome, which the Group considered to be healthy and in good liquidity.As at 31 March 2025, the net asset value increased by 12.5% fromHK$82.7 million to HK$93.0 million which is in line with the increment ofapproximately 40% the Hang Seng Index (“HSI”) during this year.Throughoutthe corresponding period,the global an