CHARACTERISTICSOFTHEGEMOFTHESTOCKEXCHANGEOFHONGKONGLIMITED GEMhasbeenpositionedasamarketdesignedtoaccommodatesmallandmid-sizedcompaniestowhichahigherinvestmentriskmaybeattachedthanothercompanieslistedontheStockExchange.Prospectiveinvestorsshouldbeawareofthepotentialrisksofinvestinginsuchcompaniesandshouldmakethedecisiontoinvestonlyafterdueandcarefulconsideration. GiventhatthecompanieslistedonGEMaregenerallysmallandmid-sizedcompanies,thereisariskthatsecuritiestradedonGEMmaybemoresusceptibletohighmarketvolatilitythansecuritiestradedontheMainBoardoftheStockExchangeandnoassuranceisgiventhattherewillbealiquidmarketinthesecuritiestradedonGEM. HongKongExchangesandClearingLimitedandtheStockExchangetakenoresponsibilityforthecontentsofthisreport,makenorepresentationastoitsaccuracyorcompletenessandexpresslydisclaimanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthecontentsofthisreport. Thisreport,forwhichthedirectors(the“Directors”)ofCNCHoldingsLimited(the“Company”)collectivelyandindividuallyacceptfullresponsibility,includesparticularsgivenincompliancewiththeRulesGoverningtheListingofSecuritiesonGEMoftheStockExchange(the“GEMListingRules”)forthepurposeofgivinginformationwithregardtotheCompany.TheDirectors,havingmadeallreasonableenquiries,confirmthat,tothebestoftheirknowledgeandbelieftheinformationcontainedinthisreportisaccurateandcompleteinallmaterialrespectsandnotmisleadingordeceptiveandtherearenoothermatterstheomissionofwhichwouldmakeanystatementhereinorthisreportmisleading. 香港联合交易所有限公司GEM之特色 GEM之定位,乃为中小型公司提供一个上市的市场,此等公司相比起其他在联交所上市的公司带有较高投资风险。有意投资者应了解投资于该等公司之潜在风险,并应经过审慎周详考虑后方作出投资决定。 由于GEM上市的公司普遍为中小型公司,在GEM买卖之证券可能会承受较于联交所主板买卖之证券为高之市场波动风险,亦无法保证在GEM买卖之证券会有高流通量之市场。 香港交易及结算所有限公司及联交所对本报告之内容概不负责,对其准确性或完整性亦不发表任何声明,并明确表示概不就因本报告全部或任何部分内容而产生或因倚赖该等内容而引致之任何损失承担任何责任。 本报告载有根据联交所GEM证券上市规则(“GEM上市规则”)而提供有关中国新华电视控股有限公司(“本公司”)之资料,本公司之董事(“董事”)愿就本报告共同及个别承担全部责任。董事在作出一切合理查询后确认,就彼等所知及所信,本报告所载资料在所有重大方面均属准确、完整及并无误导或欺诈成份,且亦无遗漏任何其他事项致使本报告所载之任何声明或本报告有所误导。 中国新华电视控股有限公司2021/2022年报1 目录 CONTENTS FinancialHighlights 财务摘要 3 CorporateProfile 公司简介 5 CorporateInformation 公司资料 8 Definitions 释义 11 Chairman’sStatement 主席报告书 14 ManagementDiscussionandAnalysis 管理层讨论及分析 17 BiographicalDetailsofDirectors 董事履历详情 34 CorporateGovernanceReport 企业管治报告 40 Directors’Report 董事会报告 78 Environmental,SocialandGovernanceReport 环境、社会及管治报告 98 IndependentAuditors’Report 独立核数师报告 156 ConsolidatedStatementofProfitorLossandOtherComprehensiveIncome 综合损益及其他全面收益表 162 ConsolidatedStatementofFinancialPosition 综合财务状况表 164 ConsolidatedStatementofChangesinEquity 综合权益变动表 166 ConsolidatedStatementofCashFlows 综合现金流量表 167 NotestotheConsolidatedFinancialStatements 综合财务报表附注 169 FinancialSummary 财务概要 307 2CNCHOLDINGSLIMITEDANNUALREPORT2021/2022 财务摘要 FINANCIALHIGHLIGHTS CONSOLIDATEDRESULTS Fortheyearended31March 综合业绩 截至三月三十一日止年度 Changes20222021 变动二零二二年二零二一年 HK$’000HK$’000 千港元千港元 Revenue收益70.6% Grossloss毛损-67.5% Lossbeforeincometax除所得税前亏损-47.0% 239,233 408,175 (9,356) (42,059) (41,729) (1.03) N/A不适用 (28,820) (79,350) LossattributabletotheownersoftheCompany 本公司拥有人应占亏损 -42.8% (72,946) BasiclossperShare(HKcents)每股基本亏损(港仙)-42.8%DividendperShare(HKcents)每股股息(港仙)N/A不适用 (1.80) N/A不适用 CONSOLIDATEDFINANCIALPOSITION Asat31March 综合财务状况 于三月三十一日 Changes20222021 变动二零二二年二零二一年 HK$’000HK$’000 千港元千港元 Totalassets总资产22.1% 总负债15.6%本公司拥有人应占权益 598,789 518,104 -12.1% (386,796) (345,104) Cashandcashequivalents现金及现金等价物-36.2%Totalliabilities EquityattributabletotheownersoftheCompany 213,481 42,560 174,911 66,743 中国新华电视控股有限公司2021/2022年报3 财务摘要 FINANCIALHIGHLIGHTS RATIOS Asat31March Returnonequity(Notea)权益回报(附注a) Returnonassets(Noteb)资产回报(附注b) Currentratio(Notec)流动比率(附注c) 比率 于三月三十一日 20222021 二零二二年二零二一年 N/A不适用 -19.7% 0.32time倍 173.8% N/A不适用 -42.2% 0.32time倍 Gearingratio(Noted)资产负债比率(附注d) 202.6% Notes: (a)ReturnonequityiscalculatedasnetlossdividedbyShareholders’equity. (b)Returnonassetsiscalculatedasnetlossdividedbytotalassets. (c)Currentratioiscalculatedastotalcurrentassetsdividedbytotalcurrentliabilities. (d)Gearingratioiscalculatedastotalamountofpromissorynote,convertiblenotes,leaseliabilitiesandcontractliabilitiesdividedbytotalassets. 附注: (a)权益回报乃按净亏损除以股东权益计算。 (b)资产回报乃按净亏损除以总资产计算。 (c)流动比率乃按流动资产总额除以流动负债总额计算。 (d)资产负债比率乃按承兑票据、可换股票据、租赁负债及合约负债总和除以总资产计算。 4CNCHOLDINGSLIMITEDANNUALREPORT2021/2022 公司简介 CORPORATEPROFILE TheGroupisprincipallyengagedintheprovisionofcivilengineeringservicesforthepublicsectorinHongKongandmediaandadvertisingbusinesscomprisingtelevisionbroadcastingbusinessintheAsia-Pacificregion(excludingthePRC)anddigitalmarketingbusinessonoverseasmarketinreturnforadvertisingandrelatedrevenue. TheCompanywasincorporatedintheCaymanIslandsasanexemptedcompanywithlimitedliabilityundertheCompaniesLaw,cap22(Law3of1961asconsolidatedandrevised)oftheCaymanIslandson15March2010andtheShareswerelistedonGEMon30August2010. TheGroup’sbusinessofprovisionofcivilengineeringservicesforthepublicsectoriscarriedoutthroughTYWandTYCivilrespectivelywithTYWresponsibleforsigningandimp