(StockCode股份代号:84) AnnualReport2023 年报二零二三 CONTENTS 目录 FinancialSummary 财务摘要 1 ReportoftheDirectors 董事会报告书 2 ManagementDiscussionandAnalysis 管理层讨论及分析 26 IndependentAuditor’sReport 独立核数师报告 33 ConsolidatedIncomeStatementandStatementofOtherComprehensiveIncome 综合收益表及其他全面收益表 44 ConsolidatedBalanceSheet 综合资产负债表 45 ConsolidatedStatementofChangesinEquity 综合权益变动表 47 ConsolidatedStatementofCashFlows 综合现金流量表 48 NotestotheConsolidatedFinancialStatements 综合财务报表附注 50 ParticularsofInvestmentPropertiesHeld 所持投资物业详情 160 Environmental,SocialandGovernanceReport 环境、社会及管治报告 161 CorporateGovernanceReport 企业管治报告 193 Awards 奖项 221 CorporateInformation 公司资料 222 CompanyDirectory 公司资料索引 224 FinancialCalendar 财务日志 227 FINANCIALSUMMARY 财务摘要 2019 2020 2021 2022 2023 HK$’M 港币佰万元 HK$’M 港币佰万元 HK$’M 港币佰万元 HK$’M 港币佰万元 HK$’M 港币佰万元 Consolidatedincomestatement 综合收益表 fortheyearsended31March 截至3月31日止年度 Revenue 收入 1,457.8* 1,034.8 706.3 692.5 805.5 (Loss)/profitfortheyear 年度(亏损)╱溢利 Continuingoperations 持续营运业务 (144.4) – – – – Discontinuedoperations 终止营运业务 110.0 – – – – Net(loss)/profitfortheyear 年度净(亏损)╱溢利 (34.4) (402.7) (81.6) (106.5) 51.1 Interimdividendpaid 已派中期股息 – – – – – Finaldividendproposed 拟派末期股息 – – – – – Specialdividendpaid 已派特别股息 198.8 – – – – Consolidatedbalancesheet 综合资产负债表 asat31March 3月31日结算 Assets 资产 1,981.7 1,705.9 1,357.8 1,182.0 1,063.1 Less:Liabilitiesand 减:负债及 non-controllinginterests 非控股权益 996.7 1,175.5 870.3 803.9 639.0 Shareholders’funds 股东资金 985.0 530.4 487.5 378.1 424.1 HK$ 港币元 HK$ 港币元 HK$ 港币元 HK$ 港币元 HK$ 港币元 Persharedata 每股资料 (Loss)/earnings (亏损)╱盈利 (0.033) (0.385) (0.0783) (0.102) 0.0485 Interimdividendpaid 已派中期股息 – – – – – Finaldividendproposed 拟派末期股息 – – – – – Specialdividendpaid 已派特别股息 0.19 – – – – Shareholders’funds 股东资金 0.941 0.507 0.466 0.361 0.405 *On26January2018,theGroupannouncedthedisposalofitsentireopticalretailandwholesalebusinesses(the“OpticalBusiness“)toitscontrollingshareholder(the“Disposal“).TheOpticalBusinessisclassifiedasDiscontinuedoperations.ThecompletionoftheDisposaltookplaceon1June2018. 于2018年1月26日,本集团宣布向其控股股东出售其整个眼镜零售及批发业务(“眼镜业务”)(“出售事项”),而已出售的业务于本年报分类为终止营运业务。出售事项已于2018年6月1日完成。 ThedirectorsoftheCompany(the“Board”)submittheirreporttogetherwiththeauditedfinancialstatementsfortheyearended31March2023. PRINCIPALACTIVITIES TheprincipalactivityoftheCompanyisinvestmentholding.TheactivitiesofitsprincipalsubsidiariesaresetoutinNote37onpages156to159tothefinancialstatements. BUSINESSREVIEW AfairreviewoftheGroup’sbusinessesfortheyearended31March2023andanindicationoflikelyfuturedevelopmentintheGroup’sbusinessesaresetoutunderManagementDiscussionandAnalysisonpages26to30. TherewerenoimportanteventsaffectingtheGroupthathaveoccurredsincetheendofFY2022/23. Steluxisacompanythatcaresaboutthewayitdoesbusiness,thewayweengagewithourcustomers,ouremployees,oursuppliers,andothersingeneral.Certaincoreprinciplesunderpinthewayweachieveourbusinessobjectives.Weengageourbusinesspartnersandtreatouremployeesinafair,honestandresponsiblemannertodeliversustainableresultstoourshareholders. Ourvisionto“Beautifyandenrichlivesthroughourproductsandservices”underscoresthewayweengagewithourcustomers.Fromourlifestyleproducts,rangingfromtrendywatchesandsmartwatchesavailableatourphysicalandonlinestores,westrivetodeliverapersonalshoppingexperiencetoourcustomersengagingthemthroughtraditionalandsocialmedia. Customerslookingforawidebrandselectionwillenjoyshoppingatmulti-brandedretailer“CITYCHAIN”,appealingtocustomerswhoenjoyfashionablewatches. 本公司董事会(“董事会”)提呈董事会报告书连同截至2023年3月31日止年度的经审核财务报表。 主要业务 本公司的主要业务为投资控股。其主要附属公司的业务载于财务报表第156页至第159页附注37。 业务回顾 有关截至2023年3月31日止年度本集团业务的公平检讨及本集团业务未来可能发展的评论载于第26页至第30页的管理层讨论及分析。 自于2022/23财政年度结束以来,概无发生对集团造成影响的重要事件。 宝光一直重视其经营业务的手法以及与顾客、员工、供应商及其他人士的互动形式。我们依照若干核心原则经营业务,务求实现业务目标。我们以公平、诚实及负责的态度与业务伙伴合作及对待员工,从而为股东带来持续回报。 “通过我们提供的产品和服务,丰富和美化您的生活”的愿景强调了我们服务客户的方式。由我们的实体店铺及网上购物平台所提供的潮流手表及智能穿戴式装置等生活产品,本集团致力为顾客带来传统及社交媒体层面的个人购物体验。 作为多样化品牌零售商,“时间廊”让客户享有广泛的钟表品牌选择,吸引追求时尚钟表的客户。 AsfortheGroup’swatchwholesalebusiness,(inadditiontosellingtoCITYCHAIN),ourcustomerscompriseofalargenetworkofindependentdealerstoresspanning,HongKong,SingaporeandMalaysia.ManyofthesedealershavebeendoingbusinesswiththeGroupforanaverageperiodofover25years.Someofourwatchdealersoperateatleast2pointsofsales. Witholderworkersdelayingretirementandyoungerworkersjoiningtheworkforce,theGroupisawareofthechallengesbroughtonbytheseunderlyingstructuralchangesandalsohigheremployeeexpectationstowardsworklifebalanceandworkfluidity.Wecontinuewithourmissiontogrow,respectandrewardouremployeesastheyprogresstheircareerswithus.MoredetailsontheGroup’semploymentpoliciescanbefoundonpages171to181oftheEnvironmental,SocialandGovernanceReport. TheGroup’ssuppliersareanimportantcomponentofourbusinesses,rangingfromupstreamcomponentvendors,assemblersandmanufacturerstodownstreamthirdpartybrandprincipalsanddistributors,wherethirdpartybrandsaresourced.SomebrandprincipalshavebeenpartneringtheGroupforover20years.CredittermsgrantedbytheGroup’ssuppliersrangefrom30to90days.Moredeta