中国唐商年报 2023

（于百慕大注册成立之有限公司） （股份代号：00674） 2023 年报 目录 CONTENTS Pages页次 CorporateInformation 公司资料 2 FiveYearsFinancialSummary 五年财务摘要 4 ManagementDiscussionandAnalysis 管理层讨论及分析 5 Directors’Report 董事会报告书 9 CorporateGovernanceReport 企业管治报告 45 IndependentAuditor’sReport 独立核数师报告 70 ConsolidatedStatementofComprehensiveIncome 综合全面收益表 81 ConsolidatedStatementofFinancialPosition 综合财务状况表 83 ConsolidatedStatementofChangesinEquity 综合权益变动表 86 ConsolidatedStatementofCashFlows 综合现金流量表 87 NotestotheConsolidatedFinancialStatements 综合财务报表附注 89 ANNUALREPORT2023二零二三年年报1 公司资料 CORPORATEINFORMATION DIRECTORS ExecutiveDirectors Mr.ChenWeiwu(Chairman) Mr.ZhouHoujie Mr.JiangRuowenhao(ActingChiefExecutiveOfficer) IndependentNon-executiveDirectors Mr.ChenYouchunMs.LuiMeiKaMr.ZhouXin AUDITOR CCTHCPALimited CertifiedPublicAccountants COMPANYSECRETARY Ms.KwongOiManPatty PRINCIPALBANKERS HangSengBankLimited BankofDongguanCompanyLimited REGISTEREDOFFICE ClarendonHouse2ChurchStreetHamiltonHM11Bermuda HEADOFFICE Unit1201,12/F., 29AustinRoad, TsimShaTsui,Kowloon,HongKong 董事 执行董事 陈伟武先生（主席）周厚杰先生 江若文豪先生（署理行政总裁） 独立非执行董事 陈友春先生雷美嘉女士周新先生 核数师 中正天恒会计师有限公司执业会计师 公司秘书 邝蔼文女士 主要银行 恒生银行有限公司 东莞银行股份有限公司 注册办事处 ClarendonHouse2ChurchStreetHamiltonHM11Bermuda 总办事处 香港 九龙尖沙咀柯士甸道29号12楼1201室 2CHINATANGSHANGHOLDINGSLIMITED中国唐商控股有限公司 公司资料 CORPORATEINFORMATION PRINCIPALREGISTRAR MUFGFundServices(Bermuda)LimitedTheBelvedereBuilding 69PittsBayRoadPembrokeHM08Bermuda HONGKONGSHAREREGISTRARANDTRANSFEROFFICE TricorSecretariesLimited 17/F,FarEastFinancialCentre,16HarcourtRoad,HongKong 主要过户登记处 MUFGFundServices(Bermuda)LimitedTheBelvedereBuilding 69PittsBayRoadPembrokeHM08Bermuda 香港股份过户登记处 卓佳秘书商务有限公司香港夏悫道16号 远东金融中心17楼 ANNUALREPORT2023二零二三年年报3 五年财务摘要 FIVEYEARSFINANCIALSUMMARY 2023 2022 2021 2020 2019 二零二三年 二零二二年 二零二一年 二零二零年 二零一九年 HK$’000 千港元 HK$’000 千港元 HK$’000 千港元 HK$’000 千港元 HK$’000 千港元 Results 业绩 Yearended 截至三月三十一日 31March 止年度 Profit/(loss) 本公司拥有人应占 attributableto 溢利╱（亏损） ownersofthe Company 30,366 8,021 (13,347) (37,309) (18,871) Assetsand 资产及负债 liabilities At31March 于三月三十一日 Totalassets 资产总值 4,289,096 1,958,318 1,896,678 559,255 337,114 Totalliabilities 负债总额 (3,247,574) (1,357,946) (1,334,566) (430,493) (245,158) Totalequity 权益总额 1,041,522 600,372 562,112 128,762 91,956 4CHINATANGSHANGHOLDINGSLIMITED中国唐商控股有限公司 管理层讨论及分析 MANAGEMENTDISCUSSIONANDANALYSIS BUSINESSREVIEWANDOUTLOOK FinancialReview Consolidatedresults Fortheyearended31March2023,theGrouprecordedrevenueofapproximatelyHK$650.8millioncomparedtoapproximatelyHK$256.9millionfromcontinuingoperationsforthelastfinancialyear,representinganincreaseofabout153.3%,andprofitfortheyearended31March2023ofapproximatelyHK$79.1millioncomparedtoapproximatelyaprofitofHK$15.7millionforthelastfinancialyear,representinganincreaseofprofitofabout403.8%.Thesignificantincreaseinprofitwasprimarilyresultedfrom1)implementationofvariousmeasuresoncostcontrolandonreductionexpenditures;and2)recognitiononrevenueofpropertydevelopmentbusinessduringtheyear. BusinessReview Propertysub-leasingandinvestmentbusiness Fortheyearended31March2023,thisbusinesssegmentrecordedrevenueofapproximatelyHK$51.8millioncomparedtoapproximatelyHK$80.2millionforthelastfinancialyear,representingadecreaseofabout35.4%,thisbusinesssegmentrecordedlossfortheyearended31March2023ofapproximatelyHK$10.3millionascomparedtoprofitofapproximatelyHK$15.4millionforthelastfinancialyear.Theincreaseinlosswasmainlyresultedfromtheincreaseinfairvaluelossoninvestmentproperties. TheBoardconsidersthatthefairvaluelossoninvestmentpropertiesarenon-cashitemsandhasnoeffectonthecashflowoftheGroup’soperations. 业务回顾及前景 财务回顾 综合业绩 截至二零二三年三月三十一日止年度，本集团录得收益约650,800,000港元，较上一个财政年度来自持续经营业务约256,900,000港元增加约153.3%，同时于截至二零二三年三月三十一日止年度录得溢利约79,100,000港元，较上一个财政年度之溢利约15,700,000港元溢利增加约403.8%。溢利大幅增加乃主要由于1）实施各项成本控制及节省开支措施；及2）于本年度物业发展业务收益的确认。 业务回顾 物业分租及投资业务 截至二零二三年三月三十一日止年度，本业务分类录得收益约51,800,000港元，较上一个财政年度约80,200,000港元减少约35.4%，于截至二零二三年三月三十一日止年度，该业务分类录得亏损约10,300,000港元，而上一财政年度录得溢利约15,400,000港元。亏损增加主要由于投资物业公平价值所产生亏损增加所致。 董事会认为，投资物业的公平价值亏损为非现金项目，对本集团经营的现金流量并无影响。 ANNUALREPORT2023二零二三年年报5 管理层讨论及分析 MANAGEMENTDISCUSSIONANDANALYSIS BUSINESSREVIEWANDOUTLOOK (Continued) BusinessReview(Continued) Propertydevelopmentbusiness Duringtheyearended31March2023,thepropertydevelopmentbusinessinthePRCcontributedrevenueofapproximatelyHK$598.9millioncomparetoapproximatelyHK$176.7millionforthelastfinancialyear,andsegmentrecordedprofitofapproximatelyHK$143.6million(2022:profitofapproximatelyHK$20.5million)totheGroup.Theincreaseinsegmentrevenuewasattributabletotheincreaseofbookedgrossfloorarea(“GFA”)deliveredtothepropertyownersduringtheyear,whichwascontributedfromtheGroup’scompletedpropertydevelopmentprojects,namely,TangshangHanlinMansion*（唐商翰林居）inDongguanlandsituatesatCaoleVillage,XiegangTown,DongguanCity,thePRCdesignatedforurbanresidentialuseandbusinessserviceuse(R2ClassIIresidentialland（R2二类居住用地）).TheconstructionofthepropertywascompletedinDecember2021,Asat31March2023,therewereapproximately56,010sq.m.bookedGFAdeliveredandrecognisedintotherevenue.Thecomp