亚证地产2025年年报

2025ANNUAL REPORT Contents 59Independent Auditor’s Report65Consolidated Statement of Profit or Loss66Consolidated Statement of Profit or Loss andOther Comprehensive Income67Consolidated Statement of Financial Position69Consolidated Statement of Changes in Equity70Consolidated Statement of Cash Flows72Notes to the Consolidated Financial Statements164Summary of the Group’s Financial Information 2Corporate Information4Chairman’s Statement5Management Discussion and Analysis5Business Review6Financial Review12Particulars of Major Properties13Corporate Governance Report39Directors’ Report CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Patrick Lee Seng Wei,ChairmanLee Shu Yin,Chief ExecutiveTao Tsan Sang Independent Non-Executive Directors Li Chak HungLisa Yang Lai SumCheng Chi Kin EXECUTIVE COMMITTEE Patrick Lee Seng Wei,ChairmanLee Shu YinTao Tsan Sang AUDIT COMMITTEE Li Chak Hung,ChairmanLisa Yang Lai SumCheng Chi Kin REMUNERATION COMMITTEE Cheng Chi Kin,ChairmanLi Chak HungLisa Yang Lai Sum NOMINATION COMMITTEE Li Chak Hung,ChairmanLisa Yang Lai SumCheng Chi Kin 公司資料（續） CORPORATE INFORMATION (continued) PRINCIPAL BANKERS CTBC Bank Co., Ltd.Bank of China (Hong Kong) LimitedHang Seng Bank, LimitedTaipei Fubon Commercial Bank Co., Ltd.Industrial and Commercial Bank of China (Asia) LimitedDah Sing Bank, Limited REGISTERED OFFICE 9th Floor, Allied Kajima Building138 Gloucester Road, Wanchai, Hong KongTel.: 2828 0288Fax: 2801 4975E-mail: info@asiasec.com.hk 13892828 02882801 4975info@asiasec.com.hk SHARE REGISTRAR Tricor Investor Services Limited17th Floor, Far East Finance Centre16 Harcourt RoadHong Kong 1617 COMPANY SECRETARY Sit Po Ling AUDITOR Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors • SOLICITORS P. C. Woo & Co.Hampton, Winter and Glynn STOCK CODE 271 271 WEBSITES http://www.asiasec.com.hkhttp://www.irasia.com/listco/hk/asiasecproperties/index.htm http://www.asiasec.com.hkhttp://www.irasia.com/listco/hk/asiasecproperties/index.htm CHAIRMAN’S STATEMENT 主席報告 I am pleased to present to you the annual results for 2025. Financial Results 50,338,00047,286,0003,052,0006%214,177,00074,752,000206,701,00067,862,000 The revenue of the Group for the year ended 31st December,2025 was HK$50,338,000 (2024: HK$47,286,000), an increase ofHK$3,052,000 or 6% compared to the year before. The loss for theyear amounted to HK$214,177,000 (2024: HK$74,752,000). Thereason for the decline in the financial performance of the Groupwas primarily attributable to the higher decrease in the fair valueof investment properties of HK$206,701,000 in the current year ascompared with the corresponding figure of HK$67,862,000 in lastyear. 17.266.031.231.40 Loss per share amounted to HK17.26 cents (2024: HK6.03 cents),while the net asset value per share was HK$1.23 as at 31stDecember, 2025 (2024: HK$1.40). Dividend The Board does not recommend the payment of any dividend for theyear ended 31st December, 2025 (2024: Nil). CHAIRMAN’S STATEMENT (continued) 主席報告（續） CLOSURE OF REGISTER OF MEMBERS For determining the entitlement to attend and vote at theforthcoming annual general meeting of the Company (“2026AGM”) The 2026 AGM is scheduled to be held on Wednesday, 20th May,2026. For determining the entitlement to attend and vote at the 2026AGM, the register of members of the Company will be closed fromFriday, 15th May, 2026 to Wednesday, 20th May, 2026 (both daysinclusive), during which period no transfer of shares of the Companywill be registered. In order for a shareholder of the Company tobe eligible to attend and vote at the 2026 AGM, all transfer formsaccompanied by the relevant share certificates must be lodged withthe Company’s share registrar, Tricor Investor Services Limited of17th Floor, Far East Finance Centre, 16 Harcourt Road, Hong Kongfor registration not later than 4:30 p.m. on Thursday, 14th May, 2026. 1617 Management Discussion and Analysis Business Review The Group’s core businesses comprise property investment, propertyleasing and estate management in Hong Kong. For the year ended 31st December, 2025, the Group’s commercialproperties situated at Harbour Crystal Centre recorded an occupancylevel of approximately 95%, and the performance of rental incomewas satisfactory. 95% 60% The refurbishment of the Laneway (formerly known as ConcordSquare) shopping arcade has been completed, and leasing works areproactively in progress. The arcade was formally opened in January2026 by phases. Over 60% occupancy rate for leasable area of phaseone, consisting of three floors out of a total of six floors, is beingoperated by tenants. 主席報告（續） CHAIRMAN’S STATEMENT (continued) Management Discussion and Analysis(continued) Financial Review Group Assets and Charges 2,431,092,0002,233,773,0001,742,069,0001,522,122,0001,184,000,0001,294,000,000180,000,000100,000,000 The total assets of the Group have decreased from HK$2,431,092,000l a s t y e a r t