华音国际控股2024/25 年报

Contents目 錄Corporate InformationFinancial HighlightsChairperson’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 LossConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsSchedule of Principal PropertiesFive-year Financial Summary 24573137497099106107108110112114243248 HUA YIN INTERNATIONAL HOLDINGS LIMITED Corporate InformationBOARD OF DIRECTORSExecutive DirectorsXU Yingchuan(Acting Chairperson, appointed on 30 May 2025)LI Junjie(Chief Executive Officer)CONG PeifengNon-executive DirectorsCUI MindongCHIU Sin Nang, Kenny (Appointed on 30 May 2025)Independent Non-executive DirectorsTSANG Hung KeiWANG XiaochuBOARD COMMITTEESAudit CommitteeTSANG Hung Kei(Chairperson)WANG XiaochuRemuneration CommitteeTSANG Hung Kei(Chairperson)XU Yingchuan (Appointed on 30 May 2025)WANG XiaochuNomination CommitteeXU Yingchuan(Chairperson)(Appointed on 30 May 2025)TSANG Hung KeiWANG XiaochuCOMPANY SECRETARYNG Man Kit Micky Clarendon House2 Church StreetHamilton HM 11Bermuda26131305(852) 2209 2888(852) 2209 2988http://www.huayininternational.comA p p l e b yG l o b a l C o r p o r a t e S e r v i c e s(Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM1179Hamilton HMEXBermudaCLKW Lawyers LLP989 REGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaHEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONGRoom 1305, 13th FloorChina Resources BuildingNo. 26 Harbour RoadWanchai, Hong KongTel: (852) 2209 2888Fax: (852) 2209 2988Website: http://www.huayininternational.comPRINCIPAL SHARE REGISTRARAppleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM1179Hamilton HMEXBermudaHONG KONG BRANCH SHARE REGISTRARTricor Investor Services Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong KongHONG KONG LEGAL ADVISORCLKW Lawyers LLP(in association with Michael Li & Co.)AUDITORForvis Mazars CPA LimitedCertified Public AccountantsPRINCIPAL BANKERSHang Seng Bank LimitedSTOCK CODE989 Chairperson’s StatementOn behalf of the board (the “Board”) of directors (the “Directors”) ofHua Yin International Holdings Limited (“Hua Yin International” or the“Company”), I submit herewith the annual report of the Company andits subsidiaries (collectively, the “Group”) for the year ended 31 March2025.Reflecting on the past year, we find ourselves navigating a worldeconomy marked by both challenges and opportunities. The globallandscape has been shaped by various factors, including geopoliticaltensions, inflationary pressures, and shifting consumer behaviors.Among these, the recent tariff war has introduced additionalcomplexities, affecting trade dynamics and supply chain strategies.Despite these challenges, our company has demonstrated remarkableresilience and adaptability.In particular, China’s cultural tourism industry and healthcare industryhave shown significant growth, with the Ministry of Culture and Tourismreporting that the sector generated over RMB600 billion in revenue lastyear and is projected to continue expanding significantly. Similarly, thehealthcare industry is on a robust growth trajectory, with the NationalHealth Commission indicating that healthcare expenditure is expectedto reach approximately RMB10 trillion by 2025, driven by an agingpopulation and increasing demand for quality healthcare services andproducts.However, the PRC property market has experienced weak demand,facing significant challenges from tightening regulations and decliningconsumer confidence. These factors have contributed to a slowdownin economic growth, impacting not only the property sector butalso associated industries. Given the current condition of the PRCeconomy, the real estate sector in particular, reflects these trends, theCompany’s structure transformation with real estate development as itssingle principal business is imperative; it is necessary for our proactiveapproach to diversifying and exploring new growth avenues.Recently, the Jilin Provincial Government has implemented variousincentives and policies to promote the development of the ginsengindustry. Our Company intends to seize the favourable opportunitiesarising from Jilin Province’s vigorous promotions of the ginseng industryand the healthcare industry; and strategically diversifies into the ginsengand mineral water businesses. It will leverage policy and market drivingforces, as well as people’s growing consumer demand for health andwellness products, to create new growth points for the Company,complement existing business lines, reduce the risks brought about bycurrent industry market fluctuations, and ensure a more stable source ofincome in the future. Hua Yin International Hold