西藏水资源年报 2024

PREMIUMGLACIER MINERALWATER IN THE MARKET 市場上的高端冰川礦泉水 CONTENTS目錄 GROUP INFORMATION & RESULTS OVERVIEW集團資料及業績概要 Financial Highlights and Five-Year Financial Summary7財務摘要及五年財務概要 Profile of Directors and Senior Management24董事及高級管理層履歷 Corporate Governance Report33企業管治報告 Directors’ Report55董事會報告Independent Auditors’ Report76獨立核數師報告Consolidated Statement of Profit or Loss85綜合損益表Consolidated Statement of Other Comprehensive Income86綜合其他全面收益表Consolidated Statement of Financial Position87綜合財務狀況表Consolidated Statement of Changes in Equity89綜合權益變動表Consolidated Statement of Cash Flows90綜合現金流量表Notes to the Consolidated Financial Statements92綜合財務報表附註Definitions248詞彙 CORPORATE INFORMATION 本公司董事會 THE BOARD OF THE COMPANYEXECUTIVE DIRECTORS 執行董事 Mr. CHOW Wai KitMr. CHENG Gwan SingMr. YUE Zhiqiang NON-EXECUTIVE DIRECTORS 非執行董事 Ms. JIANG XiaohongMr. XIE KunMr. WEI Zheming INDEPENDENT NON-EXECUTIVE DIRECTORS 獨立非執行董事 Dr. ZHANG Chunlong(Chairman)Mr. LO Wai HungMs. LIN Ting 聯席行政總裁 CO-CHIEF EXECUTIVE OFFICER Mr. WANG DongMr. DU Hui (appointed on 13 September 2024) COMPANY SECRETARYMr. CHOW Wai Kit 公司秘書 授權代表 AUTHORISED REPRESENTATIVESMr. CHOW Wai KitMr. CHENG Gwan Sing 獨立外聘核數師 INDEPENDENT EXTERNAL AUDITOR HLB Hodgson Impey Cheng LimitedCertified Public Accountants LEGAL ADVISOR – AS TO HONG KONG LAWSit, Fung, Kwong & Shum Solicitors 法律顧問－關於香港法律 法律顧問－關於開曼群島法律 LEGAL ADVISOR – AS TO CAYMAN ISLANDS LAWConyers Dill & Pearman 註冊辦事處 REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands 總部及香港主要營業地點 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 9523D Unit D, 23rd Floor, United Centre95 Queensway, AdmiraltyHong Kong 香港股份登記分處 HONG KONG BRANCH SHARE REGISTRAR 3382333301–04+852 2849 3399+852 2849 3319 Union Registrars LimitedSuites 3301–04, 33/F.Two Chinachem Exchange Square338 King’s RoadNorth Point, Hong KongPhone: +852 2849 3399Fax: +852 2849 3319 主要股份登記及過戶處 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands 公司資料查閱網址* WEBSITES TO ACCESS COMPANY INFORMATION* http://www.twr1115.nethttp://www.hkexnews.hk http://www.twr1115.nethttp://www.hkexnews.hk 聯交所主板股份代號 STOCK CODE ON MAIN BOARD OF THE STOCK EXCHANGE 1115 1115 * *contents of the websites do not form part of this Annual Report LETTER TO SHAREHOLDERS,INVESTORS AND PARTNERS致股東、投資者及合作夥伴的一封信 LETTER TO SHAREHOLDERS, INVESTORS AND PARTNERS Dear Shareholders, investors and partners, 13 Time flies swiftly. Since our listing in 2011, we have weathered togetherthrough trials and triumphs on the 13 years’ journey. Along this path, wehave celebrated milestones and endured rigorous tests. Market fluctuations,strategic adjustments, industry competition...... Each challenge has enhancedour vigilance, and every lesson learned has become a stepping stone forprogress. We hereby express our deepest gratitude for your unwavering trustand support. In 2024, we witnessed complex and volatile global economic environment,intensified stratification in consumer markets and elevated supply chaincosts. Despite significant external pressures, the Group stabilized its corebusiness operations through the extraordinary efforts of all our employeesand the generous support of our Shareholders, investors and partners. Weexpanded our business into new direction of development, and developed newmethodologies that suit our characteristic development. 13年深耕，初心不改 Deeply ploughing for 13 years and adhering to initial objectives 20 Rooted in Tibet for twenty years, we are acutely aware that true value liesnot only in our world-class water sources, but more fundamentally in ourunwavering commitment to quality and reverence for the ecosystem. In recentyears, we have paid our dues and missed opportunities. Nonetheless, theseexperiences have ultimately helped us to sharpen our vision, summarize andelevate our capabilities. 二零二五年：逆勢突圍，重拾信心 The year 2025: breaking through adversity and restoring confidence In the coming year, we will drive transformation through three core strategies: 1.5100 1.Focusing on core consumer segments: leveraging the foundationof premium water sources in Tibet, adhering to our high-end brandpositioning and enhancing brand penetration through accuratemarketing and innovative channels, with the aim to bring moreconsumers firsthand experience of exceptional quality of “5100”; LETTER TO SHAREHOLDERS, INVESTORS AND PARTNERS 2. 2.Rigorous cost control and innovation: optimizing the entire productionprocess, rigorously controlling cost; introducing new products such asportable and family-size packaging to meet diverse needs, and making“excellent price per quality ratio” core co