2023年报 AnnualReport CONTENTS 目录 CORPORATEINFORMATION CHAIRMAN’SSTATEMENTANDMANAGEMENTDISCUSSIONANDANALYSIS 公司资料2 主席报告及管理层讨论及分析3-9 DIRECTORSANDSENIORMANAGEMENT 董事及高级管理层 10-11 CORPORATEGOVERNANCEREPORT 企业管治报告 12-35 ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT 环境、社会及管治报告 36-69 DIRECTORS’REPORT 董事会报告 70-80 INDEPENDENTAUDITOR’SREPORT 独立核数师报告 81-86 CONSOLIDATEDSTATEMENTOFPROFITORLOSSANDOTHERCOMPREHENSIVEINCOME 综合损益及其他全面收益表 87-88 CONSOLIDATEDSTATEMENTOFFINANCIALPOSITION 综合财务状况表 89-90 CONSOLIDATEDSTATEMENTOFCHANGESINEQUITY 综合权益变动表 91-92 CONSOLIDATEDSTATEMENTOFCASHFLOWS 综合现金流量表 93-95 NOTESTOTHECONSOLIDATEDFINANCIALSTATEMENTS 综合财务报表附注 96-226 FINANCIALSUMMARY 财务摘要 227-228 AnnualReport2023二零二三年年报1 ION CORPORATEINFORMAT 公司资料 BOARDOFDIRECTORSMr.YeungHimKit,Dennis (ChairmanandManagingDirector) MadamYeungManYee,Shirley (ExecutiveDirector) Mr.LamHingLun,Alain (FinanceDirector) Dr.LiSauHung,Eddy (IndependentNon-executiveDirector) Mr.ChoiManChau,Michael (IndependentNon-executiveDirector) Mr.SunDaiHoe,Harold (IndependentNon-executiveDirector) 董事会 杨衍杰先生 (主席兼董事总经理) 杨敏仪女士 (执行董事) 林庆麟先生 (财务董事) 李秀恒博士 (独立非执行董事) 蔡文洲先生 (独立非执行董事) 孙大豪先生 (独立非执行董事) COMPANYSECRETARYMr.LamHingLun,Alain PRINCIPALBANKERSHangSengBankLimited BankofChina(HongKong)Limited StandardCharteredBank(HongKong)Limited AUDITORDeloitteToucheTohmatsu CertifiedPublicAccountantsandRegisteredPublic InterestEntityAuditor HONGKONGBRANCHTricorSecretariesLimited SHAREREGISTRARS17thFloor, FarEastFinanceCentre,No.16HarcourtRoad, HongKong HONGKONGLEGALJenniferCheung&Co ADVISER BERMUDALEGALConyers,Dill&Pearman ADVISER REGISTEREDOFFICEClarendonHouse ChurchStreet HamiltonHM11Bermuda PRINCIPALPLACEOF19thFloor BUSINESSWingOnCentre 111ConnaughtRoadCentralHongKong 公司秘书林庆麟先生 主要往来银行恒生银行有限公司 中国银行(香港)有限公司 渣打银行(香港)有限公司 核数师德勤‧关黄陈方会计师行执业会计师及注册公众利 益实体核数师 股份过户卓佳秘书商务有限公司 登记处香港 香港分处夏悫道16号 远东金融中心 17楼 香港法律顾问张美霞律师行 百慕大法律Conyers,Dill&Pearman 顾问 注册办事处ClarendonHouse ChurchStreet HamiltonHM11Bermuda 主要营业地点香港 干诺道中111号 永安中心十九楼 2OrientalWatchHoldingsLimited东方表行集团有限公司 CHAIRMAN’SSTATEMENTANDMANAGEMENTDISCUSSIONANDANALYSIS 主席报告及管理层讨论及分析 MANAGEMENTDISCUSSIONANDANALYSIS GroupResults OnbehalfoftheBoardofDirectors(the“Board”)ofOrientalWatchHoldingsLimited(the“Company”)anditssubsidiaries(collectively,the“Group”),IherebypresentyoutheauditedconsolidatedresultsoftheGroupfortheyearended31March2023(the“Year”). Despiteitsexistenceofmorethanthreeyears,theCOVID-19pandemiccontinuedtobringlingeringimpacttothemarket.Inthefirsthalfofthefiscalyear,MainlandChinasawanotablesurgeincases,whichwassubsequentlyfollowedbysustainedstrictlockdownmeasures.Thathasledtodrasticchangestopeople’severydaylives,withofflinesalesandtrafficalmostimpossible.Theuncertaintiessurroundingtheglobaleconomy,suchasgrowinggeopoliticaltension,sharpinflation,andsurginginterestrates,havealsobroughtseriousquestionstopeople’spurchasingpower,whichwassubsequentlytranslatedintopessimismamongconsumers.ThesamecasecouldalsobeappliedtoHongKong,whereoutdooractivitieswerelesspreferred,andsalesofhigh-ticketitemssufferedasaresultofconsumerconservatism. However,asthesecondhalfofthefinancialyearunfolded,theworldseemedtoseelightattheendofthetunnel.MainlandChinasawachangeinitsCOVIDstrategyfrompreventiontoadaptation,byrelaxingitslockdownmeasuresandannouncingitsborderreopeninginJanuary2023;whereasinHongKong,therewasalsotheannouncementofeasingbordercontrol,theintroductionofconsumptionvoucher,andthe“HelloHongKong”campaignthataimstoattracttouristsandlocalconsumption. 管理层讨论及分析 集团业绩 本人谨代表东方表行集团有限公司(“本公司”)及其附属公司(统称“本集团”)之董事会(“董事会”)向阁下提呈本集团截至二零二三年三月三十一日止年度(“本年度”)之经审核综合业绩。 尽管2019冠状病毒病已存在三年多,疫情继续为市场带来挥之不去的影响。于本财政年度上半年,中国内地个案显着激增,其后采取持续严格的封城措施,导致人们日常生活出现翻天覆地的变化,进行线下销售及获取流量几乎不可能实现。如地缘政治紧张局势加剧、通货膨胀加剧、利率飙升等全球经济不确定性亦令人们对其购买力产生严重质疑,进而转化为消费者悲观情绪。香港亦有相同情况,人们不太喜欢户外活动,而消费保守导致昂贵商品销售受到影响。 然而,随着财政年度下半年展开,世界似乎出现曙光。中国内地透过放宽封城措施,及宣布于二零二三年一月开关,实现由预防到适应的2019冠状病毒病战略转变;而香港亦宣布放宽边境管制、推出消费券,以及推出“你好香港”活动,旨在吸引旅客及本地消费。 AnnualReport2023二零二三年年报3 CUSSIONANDANALYSIS CHAIRMAN’SSTATEMENTANDMANAGEMENTDIS 主席报告及管理层讨论及分析 Throughoutthejourney,theGroupstrivedtomaintainstablebusinessoperations,andremainedfocusedonefficiencyenhancementandcostcontrol.Leveragingitsstrongbrandequityandwell-manageddistributionnetwork,theGroupwasabletosafelynavigatetheoperatingenvironment,deliveringarevenueofHK$3,705million(2022:HK$3,640million),whichrepresentsayear-on-year(“yoy”)increaseof1.8%to.Grossprofitslightlyincreasedby0.8%toHK$1,189million(2022:HK$1,180million),withgrossprofitmarginremainedstableat32.1%(2022:32.4%).Compoundedbytheabsenceofone-offnetgainrecognisedlastyearanddepreciationofrenminbiduringtheYear,profitattributabletoownersoftheCompanydecreasedby18.7%yoytoHK$295million(2022:HK$363million).Ifexcludingone-offgainofHK$16millioninrelationtothereversalofimpairmentlossesonotherreceivables,HK$13millioninrelationtothenetgainonderivativefinancialinstrumentsatfairvaluethroughprofitorlossfortheyearended31March2022andHK$22millioninrelationtothedepreciationofRMBcalculatedonaconstantexchangeratebasis,theGroup’sprofitattributabletoownerofth