胜龙国际2024/25 年报

2024/25Annual Report年度報告 ContentsCORPORATE INFORMATIONSTATEMENT FROM THE BOARD OF DIRECTORSMANAGEMENT DISCUSSION AND ANALYSISDIRECTORS’ ANDSENIOR MANAGEMENT’S PROFILEDIRECTORS’ REPORTCORPORATE GOVERNANCE REPORTENVIRONMENT, SOCIAL ANDGOVERNANCE REPORTINDEPENDENT AUDITOR’S REPORT 2451419305380 CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME86CONSOLIDATED STATEMENT OFFINANCIAL POSITION87CONSOLIDATED STATEMENT OFCHANGES IN EQUITY89CONSOLIDATED STATEMENT OF CASH FLOWS90NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS92FIVE-YEAR FINANCIAL SUMMARY171 2Corporate InformationSuccess Dragon International Holdings LimitedAnnual Report 2024/25BOARD OF DIRECTORSEXECUTIVE DIRECTORS:LIU Shiwei(Chairman)WANG Baozhi(Chief Executive Officer)DING Lei(Chief Operating Officer)INDEPENDENT NON-EXECUTIVE DIRECTORS:DENG YougaoWONG Chi YanCHEUNG Ka YueAUDIT COMMITTEEWONG Chi Yan(Chairman)DENG YougaoCHEUNG Ka YueREMUNERATION COMMITTEEDENG Yougao(Chairman)DING LeiCHEUNG Ka YueNOMINATION COMMITTEEDING Lei(Chairman)DENG YougaoCHEUNG Ka YueCOMPANY SECRETARYLAM Mei Wai MichelleAUDITORCCTH CPA Limited 3Corporate InformationClarendon House2 Church StreetHamilton HM 11Bermuda8819Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda16171182(852) 3548 2562(852) 3753 3226www.successdragonintl.comshareholder@successdragonintl.com PRINCIPAL BANKERSShanghai Pudong Development Bank Co., LtdNanyang Commercial Bank LimitedREGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaPRINCIPAL OFFICE19/F., Guangdong Finance Building,88 Connaught Road West,Hong KongPRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICEAppleby Global Corporate Services (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermudaHONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICETricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong KongSTOCK CODE1182CONTACTSTelephone: (852) 3548 2562Facsimile: (852) 3753 3226Website: www.successdragonintl.comEmail: shareholder@successdragonintl.com Statement from the Board of Directors4Success Dragon International Holdings LimitedAnnual Report 2024/25Dear Shareholders,On behalf of the Board, I am glad to present to the shareholders theannual report of Success Dragon International Holdings Limited (the“Company”) and its subsidiaries (the “Group”) for the financial yearended 31 March 2025.Looking ahead, the geopolitical risk as well as the influence by thetariff war will serve as support points for gold price onwards, as it willstimulate the interest of investors and expected that the gold price to bepropelled by demand from central banks. The geo-political uncertaintiescaused by the prolonged China-western trade and culture frictions aswell as the on-going inflation will continue to drive gold as a safe-havenasset. The gold is likely to break more records in the coming year.In addition to the Group’s commitment to the development of its coregold processing business, the Group will leverage on its experience andknow-how in the existing businesses to capture market opportunities.The Group will proactively explore other investment opportunitiesto expand its income stream, thereby maximizing the value for theshareholders of the Company.On behalf of the Board, I would like to express our appreciation to myfellow directors and staff for their diligence and contributions to theGroup in the past year, to the shareholders and business partners fortheir understanding and support. With their continuous support andcontributions, we will strive to stimulate corporate growth and deliverhigh returns to the Company and shareholders.LIU ShiweiChairmanHong Kong, 27 June 2025 Management Discussion and Analysis5The Group recorded revenue of approximately HK$125.2 million forthe financial year ended 31 March 2025 (“FY2025” or the “Year”) ascompared with approximately HK$422.7 million in the financial yearended 31 March 2024 (“FY2024”), representing a significant decreaseof approximately 70.4%. During the Year, the Group was principallyengaged in the business of gold processing and trading. The decreasein the Group’s revenue was mainly attributable to the decrease inrevenue in gold ore processing in Henan province during the Year.The Group has a production line in Yunnan province, the PRC, for theextraction of gold and other precious metals from gold-laden carbon.The Group purchases the gold-laden carbon from suppliers includingmining enterprises and traders. At the Group’s production line, goldand other precious metals are extracted from the gold-laden carbonusing processes such as desorption and electrodeposition and turninto bullion. The extracted gold and other precious metals will be soldto buyers and dealers in the PRC. During the Year, the Group hasrecorded approximately HK$108.2 million revenue from gold-ladencarbon processing (FY2024: approximately HK$153.8 million). Thevolume for the gold-laden carbon processing w