太和控股二零二五年中期报告

CONTENTS Pages Corporate Information2 Management Discussion and Analysis5 Corporate Governance and Other Information24 Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income29 Condensed Consolidated Statement of Financial Position31 Condensed Consolidated Statement ofChanges in Equity33 Condensed Consolidated Statement of Cash Flows35 Notes to the Condensed ConsolidatedFinancial Statements36 Corporate Information BOARD OF DIRECTORS Executive DirectorsMr. Su Shigong(Chairman)Ms. Yang Yuhua(Chief Executive Officer) Non-executive DirectorMr. Lu Yunsong Independent Non-executive Directors Dr. Gao BinMr. Leung Ting YukMs. Song Yanjie AUDIT COMMITTEE Mr. Leung Ting Yuk(Chairman)Dr. Gao BinMs. Song Yanjie REMUNERATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting YukMs. Song Yanjie NOMINATION COMMITTEE Dr. Gao Bin(Chairman)Mr. Leung Ting YukMs. Song Yanjie COMPANY SECRETARY Mr. Poon Yick Pang Philip AUTHORISED REPRESENTATIVE Ms. Yang YuhuaMr. Poon Yick Pang Philip REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda Corporate Information公司資料 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit 2101–02, 21/FEmperor Group Centre288 Hennessy RoadWanchaiHong Kong 288212101–02 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN BERMUDA Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR 9131305–07 KTC Partners CPA LimitedCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council OrdinanceRoom 1305–07, 13/F, New East Ocean Centre9 Science Museum Road, Tsimshatsui EastKowloonHong Kong LEGAL ADVISERS As to Bermuda lawConyers Dill & Pearman As to Hong Kong lawNorton Rose Fulbright Hong Kong Tai United Holdings LimitedInterim Report 2025 Corporate Information PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedShanghai Commercial Bank Limited www.irasia.com/listco/hk/taiunited/index.htm COMPANY’S WEBSITE www.irasia.com/listco/hk/taiunited/index.htm ir@taiunited.com INVESTOR RELATIONS Email: ir@taiunited.com 718 5,000 BOARD LOT SIZE 5,000 shares Management Discussion and Analysis管理層討論及分析 FINANCIAL PERFORMANCE 64.865.81.5%212.6274.722.6% The revenue of the Company for the Reporting Period wasapproximately HK$64.8 million, representing a 1.5% decreaseas compared to revenue of approximately HK$65.8 million forthe six months ended 30 June 2024, such decrease was mainlycontributed by the decrease in sales of medical equipment in thePeople’s Republic of China (“China” or “PRC”) in the ordinaryand usual course of business of the Group. Revenue decreasedand notwithstanding the Company actively implementing itscontinuous cost saving plan, the Group still recorded a loss beforetax of approximately HK$212.6 million during the ReportingPeriod, decreased by 22.6% as compared with the loss before taxof approximately HK$274.7 million in the same period ended 30June 2024, due to the combined effect of: (i)83.1 (i)a decrease in fair value of investment properties toapproximately HK$83.1 million resulting from the sluggishretail shop rental market; (ii)50.3 (ii)provision for guarantee contracts of approximately HK$50.3million during the Reporting Period, which was due toguarantees provided by immediate holding companies of theGuangzhou Shopping Mall and Jinzhou Shopping Mall (asdefined below). The guarantees were provided to onshorebanks in the PRC in relation to third party loans and suchguarantees were not disclosed to the Group by the seller atthe time of acquisition of the holding companies of the twoshopping malls; and (iii)76.71,345 (iii)finance costs of approximately HK$76.7 million for theReporting Period, which was mainly due to the bank loanof approximately RMB1,345 million in connection to theacquisition of Guangzhou Shopping Mall. 14.3 Income tax credit for the Reporting Period was approximatelyHK$14.3 million. 251.7198.7 Taking into account the income tax credit mentioned aboveand netting of non-controlling interests, the Group recordeda loss attributable to owners of the Company reducing fromapproximately HK$251.7 million for the same period ended 30June 2024 to approximately HK$198.7 million for the ReportingPeriod. Management Discussion and Analysis BUSINESS REVIEW The Group is principally engaged in the businesses of propertyinvestment, flooring materials and medical equipment trading,mining and exploitation of natural resources, and financial servicesand assets management. (1) (1) Property Investment Shopping Mall Businesses in the PRC (i)(ii)(iii)