汇景控股年报2024

CONTENTS 2Corporate Information5Financial Summary6Chairman’s Statement9Management Discussion and Analysis31Profile of Directors and Senior Management36Corporate Governance Report56Report of The Directors92Independent Auditor’s Report96Consolidated Statement of Profit or Loss97Consolidated Statement of Comprehensive Income98Consolidated Statement of Financial Position100Consolidated Statement of Changes in Equity102Consolidated Statement of Cash Flows105Notes to the Consolidated Financial Statements CORPORATE INFORMATION NON-EXECUTIVE DIRECTOR Mr Lun Ruixiang(Chairman) EXECUTIVE DIRECTORS 2025112025516 Mr Lun Zhao Ming(Chief Executive Officer)(resigned with effect from 1 January 2025)Mr Lu PeijunMr Luo ChengyuMs Wang Di (appointed with effect from 16 May 2025) INDEPENDENT NON-EXECUTIVE DIRECTORS Mr Chan Kin ManMs Ou NingxinMr Chen Guilin AUDIT COMMITTEE Mr Chan Kin Man(Chairman)Ms Ou NingxinMr Chen Guilin NOMINATION COMMITTEE Mr Lun Ruixiang(Chairman)Ms Ou NingxinMr Chen Guilin REMUNERATION COMMITTEE Mr Chen Guilin(Chairman)Mr Lun RuixiangMs Ou Ningxin COMPANY SECRETARY Ms Tang So Him CORPORATE INFORMATION AUTHORIZED REPRESENTATIVES 202511202511 Mr Lun Zhao Ming (resigned with effect from 1 January 2025)Mr Lun Ruixiang (appointed with effect form 1 January 2025)Ms Tang So Him REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN THE PRC 1 1, Beihuan Lu, HoujiezhenDongguan, GuangdongPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 23191907 Office No. 1907, 19th FloorGreat Eagle CentreNo. 23 Harbour RoadHong Kong PRINCIPAL SHARE REGISTRAR Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Investor Services Limited17/FFar East Finance Centre16 Harcourt RoadHong Kong AUDITOR Prism Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor CORPORATE INFORMATION LEGAL ADVISERS As to Hong Kong law:YTL LLP PRINCIPAL BANKS Hang Seng BankDongguan Rural Commercial Bank Houjie BranchICBC Dongguan Houjie BranchChina Construction Bank Dongguan Houjie Branch COMPANY WEBSITE FINANCIAL SUMMARY CHAIRMAN’S STATEMENT Dear Shareholders, 20241231 On behalf of the board of directors (hereinafter referred to as the“Board”)of Huijing Holdings Company Limited (hereinafter referred to as the“Company”), I am pleased to present the annual results of the Companyand its subsidiaries (hereinafter referred to as the“Group”) for the yearended 31 December 2024. ANNUAL RESULTS AND FINANCIAL CONDITION (1) (1)Significant fluctuations in performance 20241231240.974.4%62.626.0%801.3 For the year ended 31 December 2024, the Group’s revenue forthe year was approximately RMB240.9 million, representing ayear on-year decrease of approximately 74.4% respectively, grossprofit was approximately RMB62.6 million, gross profit margin wasapproximately 26.0%, and net loss for the year was approximatelyRMB801.3 million. CHAIRMAN’S STATEMENT 20241231102.29,795 As of 31 December 2024, the Group achieved contracted sales ofapproximately RMB102.2 million and contracted gross floor area soldof approximately 9,795 sq.m.. (2) (2)Financial position under pressure 202410,150.42.6%2024123193.8%20241231 2024 was still a difficult year. The Group’s total assets wasapproximately RMB10,150.4 million, representing a decrease ofapproximately 2.6% as compared to the same period last year; andthe asset-liability ratio (calculated as the total liabilities net of contractliabilities balances divided by total assets) was approximately93.8% as at 31 December 2024. The Board did not recommend thepayment of final dividend for the year ended 31 December 2024. BUSINESS REVIEW (1) (1)Distinct advantages in business strategies 2024 In 2024, the Group will continue to adhere to the business modelof“focusing on residential development projects, while takingthe urban renewal projects as the core, as well as the cultural andtourism-healthy living towns and the scientific and innovativetechnologies industrial towns as the two wings ()”, which constitutes its“one focus, one core, and two wings ()”blueprint, to enrich the diversity of profit structure andcontinuously enhance the core competitiveness and sustainabledevelopment capability of the Company. (2) (2)Going a step further in urban renewal 202499 Since the State proposed in the 14th Five-Year Plan to“accelerate thetransformation of urban development, coordinate urban planningand construction management, implement urban renewal actions,and promote the optimisation of urban spatial structure and qualityimprovement”, urban renewal is a major industry trend.