民生国际2024中期报告

Interim Report CONTENTS CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Hu Xingrong(Chairman)Mr. Huang XiaohaiMr. Jin JiangguiMr. Li Zhenyu Independent Non-Executive Directors Ms. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi Po AUDIT COMMITTEE Mr. Wong Kwan Kit(Chairman)Ms. Pau Yee LingMr. Yuen Hoi Po REMUNERATION COMMITTEE Ms. Pau Yee Ling(Chairman)Mr. Hu XingrongMr. Huang XiaohaiMr. Wong Kwan KitMr. Yuen Hoi Po NOMINATION COMMITTEE Mr. Hu Xingrong(Chairman)Mr. Huang XiaohaiMs. Pau Yee LingMr. Wong Kwan KitMr. Yuen Hoi Po COMPANY SECRETARY 202411 1ACG, ACS(PE)202411 1 Mr. Wun Chun Yip (appointed on 1 November 2024)Ms. Ho Wing YanACG, ACS(PE)(resigned on 1 November 2024) AUTHORISED REPRESENTATIVES Mr. Huang XiaohaiMr. Wun Chun Yip (appointed on 1 November 2024)Ms. Ho Wing Yan (resigned on 1 November 2024) 202411 1202411 1 AUDITORCCTH CPA Limited LEGAL ADVISERSAs to Hong Kong lawDeacons Conyers Dill & Pearman As to Bermuda lawConyers Dill & Pearman Man Sang International LimitedInterim Report 2024 CORPORATE INFORMATION PRINCIPAL BANKERS China Construction Bank (Asia) Corporation Limited PRINCIPAL SHARE REGISTRAR MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Secretaries Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong LISTING INFORMATION 938 The Stock Exchange of Hong Kong LimitedOrdinary Share (Stock Code: 938) REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL PLACE OF BUSINESS 8714 14/F, Teda Building87 Wing Lok StreetSheung Wan, Hong Kong www.msil.com.hk COMPANY WEBSITEwww.msil.com.hk ir@msil.com.hk INVESTOR RELATIONSEmail: ir@msil.com.hk CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 SEPTEMBER 202420249 30 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 SEPTEMBER 202420249 30 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 SEPTEMBER 202420249 30 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 SEPTEMBER 202420249 30 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 SEPTEMBER 202420249 30 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 SEPTEMBER 202420249 30 10%50% (i)Under the People’s Republic of China (the “PRC”) laws and regulations,companies registered in the PRC are required to provide for certainstatutory reserve, which are to be appropriated from the net profit(after offsetting accumulated losses from prior years and before profitdistribution to equity holders) as reported in their respective statutoryfinancial statements. The statutory reserve is created for specificpurposes. The PRC companies are required to appropriate 10% of theirstatutory net profits to statutory reserve. A company may discontinueits contribution when the aggregate sum of the statutory reserve ismore than 50% of its registered capital. The statutory reserve shallonly be used to make up losses of the PRC companies, to expand thePRC companies’ production operations, or to increase the capital ofthe PRC companies. In addition, the PRC companies may make furthercontribution to the statutory reserve using its net profits in accordancewith resolutions of the board of directors of the PRC companies. (ii)The merger reserve represents the following: (a)500,000545,00020194467,500510,000 (a)the difference between the carrying amount of net assetsof the acquired subsidiary, Zhejiang Huiyong PropertyManagement Service Co., Ltd* (“”) (Huiyong Property Management”) (formerly knownas Zhejiang Doof Property Management Services Co., Ltd*(“”)), at the date the Groupand Huiyong Property Management become under commoncontrol and the purchase consideration for acquisition ofHuiyong Property Management of RMB500,000 (equivalentto approximately HK$545,000); and the capital contributionof RMB467,500 (equivalent to approximately HK$510,000)from the prior shareholder, Mr. Hu Xingrong (“Mr. Hu”), in April2019; and (b)848,394,00067,124,0001,975,537,000138,228,000 (b)the difference between the carrying amount of net assetsof the acquired subsidiaries, Tafutsu Kabushiki Kaisha* () (“Doof Japan”) and its subsidiaries (collectivelyreferred as the “Doof Japan Group”) and the purchaseconsideration for the acquisition of the Doof Japan Group ofapproximately JPY848,394,000 (equivalent to approximatelyHK$67,124,000); and adjustment for the shareholder’s loan ofapproximately JPY1,975,537,000 (equivalent to approximatelyHK$138,228,000). *The English name is for identification purpose only CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 SEPTEMB