新耀莱年报 2025

)(Incorporated in Bermuda with limited liability於百慕達註冊成立之有限公司(Stock Code股份代號: 970) ANNUAL REPORT年報2025 Contents Corporate Information2Financial Highlights7Chairman’s Statement10Management Discussion and Analysis13Report of the Directors33Corporate Governance Report51Biographies of Directors and Senior Management81Environmental, Social and Governance Report85Independent Auditor’s Report141Consolidated Statement of Comprehensive Income150Consolidated Statement of Financial Position152Consolidated Statement of Cash Flows154Consolidated Statement of Changes in Equity157Notes to the Financial Statements159Particulars of Investment Properties291Financial Summary292 Corporate Information BOARD OF DIRECTORS Executive Directors Ju Qinghao(Chairman) (appointedwith effect from 21 June 2024and became as the Chairman witheffect from 22 June 2024)Qiu Peiyuan(appointed with effectfrom 23 April 2024 and resignedwith effect from 12 June 2025) Wang Bangyi(Chairman) (appointedwith effect from 30 April 2024 andresigned with effect from 22 June2024)Zheng Hao Jiang(Chairman)(removed with effect from 23 April2024)Zhao Xiaodong(Deputy Chairmanand Chief Operating Officer)(removed with effect from 23 April2024)Zhu Lei(removed with effect from23 April 2024)Cheng Bin(removed with effect from23 April 2024) Non-executive DirectorsSze Ka Ho(appointed with effectfrom 21 June 2024 and resignedwith effect from 12 June 2025) Wu Peng(appointed with effect from21 June 2024 and resigned witheffect from 12 June 2025)You Yiyang(appointed with effectfrom 23 April 2024 and resignedwith effect from 12 June 2025) Li Qingsong(appointed with effectfrom 21 June 2024 and resignedwith effect from 12 June 2025) Corporate Information Independent Non-executiveDirectorsChan Man Kit(appointed with effectfrom 23 April 2024)Liao Kenan(appointed with effectfrom 21 June 2024 and resignedwith effect from 12 June 2025)Ng Wai Hung(appointed with effectfrom 21 June 2024 and resignedwith effect from 12 June 2025)Wang Hui(appointed with effect from21 June 2024)Li Yunjiu(appointed with effect from12 June 2025)Li Baochun(appointed with effectfrom 23 April 2024 and resignedwith effect from 22 June 2024)Gao Yafei(appointed with effect from23 April 2024 and resigned witheffect from 22 June 2024)Choy Sze Chung, Jojo(removed witheffect from 23 April 2024)Lam Kwok Cheong(removed witheffect from 23 April 2024)Gao Yu(removed with effect from23 April 2024)Liu Wenjing(removed with effect from23 April 2024)Li Min(removed with effect from23 April 2024) Corporate Information AUDIT COMMITTEE Gao Yafei(appointed with effect from30 April 2024 and ceased witheffect from 22 June 2024) Choy Sze Chung, Jojo(Chairman)(ceased as a member with effectfrom 23 April 2024)Lam Kwok Cheong(ceased as amember with effect from 23 April2024)Gao Yu(ceased as a member witheffect from 23 April 2024) REMUNERATION COMMITTEEWang Hui(Chairlady) (appointed witheffect from 22 June 2024) Chan Man Kit(appointed with effectfrom 30 April 2024)Ju Qinghao(appointed as a memberof the Remuneration Committeewith effect from 12 June 2025)You Yiyang(appointed with effectfrom 30 May 2024 and resignedwith effect from 12 June 2025)Ng Wai Hung(appointed with effectfrom 22 June 2024 and resignedwith effect from 12 June 2025) Li Baochun(Chairman) (appointedwith effect from 30 April 2024 andceased with effect from 22 June2024) Corporate Information Gao Yafei(appointed with effect from30 April 2024 and ceased witheffect from 22 June 2024) Lam Kwok Cheong(Chairman)(ceased as a member with effectfrom 23 April 2024)Choy Sze Chung, Jojo(ceased as amember with effect from 23 April2024)Zheng Hao Jiang(ceased as amember with effect from 23 April2024) Qiu Peiyuan(appointed with effectfrom 30 April 2024 and resignedwith effect from 12 June 2025)Liao Kenan(appointed with effectfrom 22 June 2024 and resignedwith effect from 12 June 2025) Ng Wai Hung(appointed with effectfrom 22 June 2024 and resignedwith effect from 12 June 2025) Corporate Information 825 Clarendon House2 Church StreetHamilton HM11 Bermuda Clarendon House2 Church StreetHamilton HM11 Bermuda Financial Highlights 3 , 2 6 4 , 7 0 0 , 0 0 03 6 . 7 %2,067,500,000 Revenuefor the financial year ended 31 March 2025 decreasedby approximately 36.7% from approximately HK$3,264.7 million toapproximately HK$2,067.5 million as compared with that of the lastfinancial year. 306,300,00054.0%141,000,000 Gross profit for this financial year decreased by approximately 54.0%fromapproximately HK$306.3 million to approximately HK$141.0million. 78,400,00067,400,000 Other income, gains and losses for this financial year were lossesofapproximately HK$78.4 million(2024:losses of approximatelyHK$67.4 million). 2,300,000 Impairmentloss of trade receivables amount to approximatelyHK$2.3 million (2024: approximately Nil). 8,700,000 Impairment loss recognised on loan receivables and loan interestreceivablesamounted to approximately Nil(2024:approximatelyHK$8.7 million