十方控股：2024/25年年报

年 報ANNUAL REPORT2024/252024/25 Corporate Information2Financial Highlights and Summary5Chairman’s Statement7Management Discussion and Analysis9Directors and Senior Management Profile24Directors’ Report28Corporate Governance Report52Independent Auditor’s Report72Consolidated Statement of Profit or Loss andOther Comprehensive Income84Consolidated Statement of Financial Position86Consolidated Statement of Changes in Equity88Consolidated Statement of Cash Flows89Notes to the Consolidated Financial Statements92 CORPORATE INFORMATION DIRECTORS Executive Directors Mr. Chen Zhi(Chairman & Chief Executive Officer)Mr. Chen Ye (redesignated from Non-executive Directoras on 2023.06.30)Mr. Yu Shiquan (retired as on 2023.06.30)Mr. Wang Xu (appointed as on 2023.01.09 andretired as on 2023.06.30) Non-executive Directors Ms. Wang Bao Zhu (appointed as on 2023.06.30)Mr. Chen Ye (appointed as on 2023.01.09 andredesignated to Executive Director as on 2023.06.30)Ms. Chen Min (retired as on 2023.06.30)Mr. Chen Wei Dong (resigned as on 2023.01.09) Independent non-executive Directors Mr. Chai Chung Wai (appointed as on 2023.06.30)Mr. Mao Xiangyun (appointed as on 2023.01.09 andretired as on 2024.12.04)Mr. Wei Hong (appointed as on 2023.01.09)Mr. Wong Heung Ming, Henry (resigned as on 2023.04.19)Mr. Zhou Chang Ren (resigned as on 2023.01.09)Mr. Cai Jian Quan (resigned as on 2023.01.09) COMPANY SECRETARY Mr. Pang Wai Hong (resigned as on 2024.10.25)Ms. Chan Ching Yi (resigned as on 2023.07.24) AUTHORISED REPRESENTATIVES Mr. Chen ZhiMr. Chen Ye CORPORATE INFORMATION AUDIT COMMITTEE Mr. Chai Chung Wai(Chairman)(appointed as on 2023.06.30)Mr. Mao Xiangyun (appointed as on 2023.01.09 andretired as on 2024.12.04)Mr. Wei Hong (appointed as on 2023.01.09)Mr. Wong Heung Ming, Henry (resigned as on 2023.04.19)Mr. Zhou Chang Ren (resigned with effect from 2023.01.09)Mr. Cai Jian Quan (resigned with effect from 2023.01.09) REMUNERATION COMMITTEE Mr. Wei Hong(Chairman)(appointed as on 2023.01.09)Mr. Chen ZhiMr. Chai Chung Wai (appointed as on 2023.06.30)Mr. Mao Xiangyun (appointed as on 2023.01.09 andretired as on 2024.12.04)Mr. Wong Heung Ming, Henry (resigned as on 2023.04.19)Mr. Zhou Chang Ren (resigned as on 2023.01.09) NOMINATION COMMITTEE Mr. Chen Zhi(Chairman)Mr. Chai Chung Wai (appointed as on 2023.06.30)Mr. Mao Xiangyun (appointed as on 2023.01.09 andretired as on 2024.12.04)Mr. Wei Hong (appointed as on 2023.01.09)Mr. Wong Heung Ming, Henry (resigned as on 2023.04.19)Mr. Cai Jian Quan (resigned as on 2023.01.09) REGISTERED OFFICE Clarendon House, 2 Church StreetHamilton HM 11Bermuda Clarendon House, 2 Church StreetHamilton HM 11Bermuda HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 1216 6/F, Hua Fu MansionNo. 121 Gutian RoadGulou DistrictFuzhou, Fujian Province, PRC CORPORATE INFORMATION PLACE OF BUSINESS IN HONG KONG 164-1664B Room B, 4th Floor, Hennessy Plaza,164-166 Hennessy Road,Wanchai, Hong Kong LEGAL ADVISORSAs to PRC law:Beijing P.H. Law Firm As to Bermuda law:Conyers, Dill & Pearman INDEPENDENT AUDITOR 8191903-1905 Prism Hong Kong LimitedCertified Public AccountantsUnits 1903-1905, 19/F,8 Observatory Road,Tsim Sha Tsui, Hong Kong HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F., Far East Finance Centre,16 Harcourt Road,Hong Kong PRINCIPAL BANKERSChina Construction Bank Co., LimitedChina Merchants Bank Co., Limited STOCK CODE01831 01831 http://www.shifangholding.com COMPANY WEBSITEhttp://www.shifangholding.com FINANCIAL HIGHLIGHTS AND SUMMARY RESULTS Total assetsTotal debtTotal liabilitiesEquity attributable to:(i)Owners of the Company(i)(ii)Non-controlling interests(ii) FINANCIAL HIGHLIGHTS AND SUMMARY FINANCIAL RATIOS CHAIRMAN’S STATEMENT 20251,015,0365.2%58,0613.8%364,0204.9%592,9555.4%5.4%5.2%4.8%1.1%3.6% Accordingto data released on the website of the NationalBureauof Statistics in 2025,upon preliminary calculationthe gross domestic product (GDP) in the first three quarters wasRMB101.5036 trillion, calculated at constant prices, representingayear-on-year increase of 5.2%.Analyzed by industry,thevalueadded of the primary industry was RMB5.8061 trillion,up3.8%year-on-year;that of the secondary industry wasRMB36.4020 trillion, up 4.9%; and that of the tertiary industrywas RMB59.2955 trillion, up 5.4%. By quarter, GDP grew 5.4%year-on-year in the first quarter, 5.2% in the second quarter, and4.8% in the third quarter. On a quarter-on-quarter basis, GDPgrew 1.1% in the third quarter. In the first three quarters, thevalue added of agriculture (crop farming) increased by 3.6% year-on-year. 5.4%11.2%9.2%5.8%5.6%95.6%12.8%8.7%7.8%5.7%1-87.7%950.1%56.3%60.0% In the first three quarters, the value added of the service industryincreased by 5.4% year-on-year. Specifically, the value added ofinformationtransmission,software and information technologyservices,leasing and business services,transport,storage andpost,and wholesale and