昊天国际建投年报 2024/25

(Stock Code 股份代號:1341)(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司）(Stock Code 股份代號:1341)(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司） 2024/25 年 報Annual Report Contents 75Consolidated Statement of Financial Position78Consolidated Statement of Changes in Equity80Consolidated Statement of Cash Flows83Notes to the Consolidated Financial Statements192Financial Summary 2Corporate Information5Director’s Statement7Management Discussion and Analysis26Biographical Details of Directors and Senior Management32Corporate Governance Report49Report of the Directors67Independent Auditor’s Report73Consolidated Statement of Profit or Loss and OtherComprehensive Income CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Fok Chi TakMr. Tang Yiu Chi JamesDr. Zhiliang Ou,J.P.(Australia) Non-executive Directors Mr. Xu LinMs. Jiang Yang (appointed on 3 December 2024) Independent Non-executive Directors Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him AbrahamMr. Chan Ming Sun Jonathan AUDIT COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman)Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him Abraham REMUNERATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Dr. Zhiliang Ou,J.P.(Australia)Mr. Xu LinMr. Li Chi Keung EliotMr. Chan Ming Sun Jonathan NOMINATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Mr. Fok Chi TakMr. Li Chi Keung EliotMr. Chan Ming Sun Jonathan CORPORATE INFORMATION CHIEF EXECUTIVE OFFICER Mr. Fok Chi TakCOMPANY SECRETARYMr. Siu Chun Pong Raymond AUTHORISED REPRESENTATIVES Mr. Fok Chi TakMr. Siu Chun Pong Raymond AUDITOR Moore CPA Limited LEGAL ADVISER Raymond Siu & Lawyers PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716,17th Floor, Hopewell Centre183 Queen’s Road EastWan Chai, Hong Kong PRINCIPAL BANKERS Shanghai Commercial Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) LimitedNanyang Commercial Bank, LimitedThe Bank of East Asia Limited CORPORATE INFORMATION REGISTERED OFFICE Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands PRINCIPAL PLACE OF BUSINESS Rooms 2510–2518, 25/FShui On Centre6–8 Harbour Road, WanchaiHong Kong 6–8252510–2518 STOCK CODE 1341 1341 www.haotianint.com.hk WEBSITE www.haotianint.com.hk DIRECTOR’S STATEMENT On behalf of the Board, I am pleased to present the Director’s Statement of HaoTian International Construction Investment Group Limited (the “Company”) andits subsidiaries (collectively, the “Group”) for the financial year ended 31 March2025 (the “Year”). Throughout the Year, the global and local economic conditions remained highlyuncertain. While the Group’s core business–rental and sales of constructionmachinery–primarily serves the Hong Kong market, the city’s outward-facingfinancial structure has rendered it susceptible to broader economic challenges.Additionally, demand for construction equipment is closely linked to thescale and timeline of infrastructure projects. A slowdown in new large-scaledevelopments, coupled with the completion of several major projects, hasinevitably impacted revenue generation. 18.5% During the Year, revenue from rental and sales of machinery declined by 18.5%,mainly due to the completion of several significant infrastructure undertakings inprevious years, including the Hong Kong International Airport’s third runway andthe Tseung Kwan O–Lam Tin Tunnel. Additionally, the government’s fiscal deficitin recent years is expected to persist and has led to more prudent infrastructureinvestments, further reducing the utilization rate of the Group’s machinery andsubsequently affecting rental income. The competitive landscape also presents ongoing challenges, with alternativesuppliers offering lower-cost machinery with comparable functionality. In anincreasingly cautious economic environment, customers continue to prioritizecost-effectiveness when selecting equipment, with price considerations oftenoutweighing traditional supplier preferences. Despite these industry headwinds,the Group remains committed to operational resilience, strategic adaptability, andlong-term sustainable growth. We anticipate these market conditions to persist in the short to medium term.In response, the Group has begun sourcing more cost-effective machinery fromalternative countries, enabling us to offer competitive rental rates and sustain ourmarket position. Looking ahead, our management team will closely monitor the market trendsand remain agile in exploring potential investments in