ANXIAN YUAN CHINA HOLDINGS LIMITED 安 賢 園 中 國 控 股 有 限 公 司* (於百慕達註冊成立之有限公司) (股份代號: 00922) www.anxianyuanchina.com * 僅供識別 目錄 目錄 頁數 公司資料2 | --- | |----------------------| | | | 主席報告書 | | 管理層討論及分析 | | 董事及高級管理層簡歷 | | 董事會報告 | | 五年摘要 | | 企業管治報告 | | 環境、社會及管治報告 | | | | 報告及綜合財務報表 | | 獨立核數師報告 | | 綜合損益表 | | 綜合全面收入表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | 3 6 10 14 24 25 42 78 83 84 85 87 89 91 詞彙 161 1 安賢園中國控股有限公司 年報2022 1 公司資料 公司資料 | --- | --- | |-------------------------------------------------------------- ...

ANXIAN YUAN CHINA HOLDINGS LIMITED 安 賢 園 中 國 控 股 有 限 公 司* (於百慕達註冊成立之有限公司) (股份代號: 00922) www.anxianyuanchina.com * 僅供識別 目錄 目錄 頁次 公司資料 2 管理層討論及分析 其他資料 簡明綜合損益表 簡明綜合全面收入表 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合財務報表附註 3 7 12 13 14 16 18 19 詞彙 33 安賢園中國控股有限公司 1 中期報告2022 公司資料 公司資料 | --- | --- | |------------------------------------------|--------------------------------------| | 董事會 | 核數師 | | 執行董事 | 香港立信德豪會計師事務所有限公司 | | 施華先生 （主席） | 執業會計師 | | 施俊先生 （行政總裁） | 香港 | | 羅輝城先生 （副行政總裁） | 干諾道中 111 號 | | 非執行董事 | 永安中心 25 樓 | | 王宏階先生 ...

ANXIAN YUAN CHINA HOLDINGS LIMITED 安 賢 園 中 國 控 股 有 限 公 司* (於百慕達註冊成立之有限公司) (股份代號: 00922) www.anxianyuanchina.com * 僅供識別 目錄 目錄 | --- | --- | |----------------------|-------| | | 頁數 | | 公司資料 | 2 | | 主席報告書 | 3 | | 管理層討論及分析 | 5 | | 董事及高級管理層簡歷 | 10 | | 董事會報告 | 13 | | 五年摘要 | 24 | | | 25 | | 企業管治報告 | | | 環境、社會及管治報告 | 41 | | 報告及綜合財務報表 | | | 獨立核數師報告 | 68 | | 綜合損益表 | 73 | | 綜合全面收入表 | 74 | | 綜合財務狀況表 | 75 | | 綜合權益變動表 | 77 | | 綜合現金流量表 | 79 | | 綜合財務報表附註 | 81 | | 詞彙 | 153 | 安賢園中國控股有限公司 1 年報2021 公司資料 公司資料 董事會 執行董事 施華先生（主席） ...

Financial Performance - The company recorded a net profit of approximately HKD 29,981,000, an increase of about HKD 23,565,000 compared to the same period last year, driven by a revenue increase of approximately HKD 41,653,000[10]. - Revenue for the period was approximately HKD 139,968,000, compared to HKD 98,315,000 for the same period last year, reflecting a significant growth[10]. - The company reported a net cash inflow of approximately HKD 151,825,000, compared to HKD 15,939,000 for the same period last year[11]. - The company reported a profit attributable to owners of the company of HKD 16,020,000 for the six months ended September 30, 2020[82]. - The total comprehensive income for the period was HKD 59,037,000, compared to a loss of HKD 27,919,000 in the previous year[68]. - The company reported a net cash flow from operating activities of HKD 51,785,000 for the six months ended September 30, 2020, compared to HKD 39,460,000 for the same period in 2019, representing a 31.5% increase[80]. - The company’s total comprehensive income for the period was HKD 16,020,000, reflecting the overall financial performance during the reporting period[82]. Revenue and Sales - The company sold 1,541 burial plots during the period, an increase from 1,334 burial plots sold in the same period last year[10]. - Total revenue from China reached HKD 139,968,000 for the six months ended September 30, 2020, up from HKD 98,315,000 in the same period of 2019, indicating a growth of 42.3%[93]. - Sales of burial plots and niches contributed HKD 126,970,000, up 43.3% from HKD 88,586,000 in the previous year[102]. Assets and Equity - As of September 30, 2020, the company's net asset value was approximately HKD 870,866,000, up from HKD 680,328,000 as of March 31, 2020[10]. - Non-current assets totaled HKD 775,880,000 as of September 30, 2020, an increase from HKD 758,110,000 as of March 31, 2020[70]. - Current assets increased to HKD 487,386,000 from HKD 310,919,000, showing a growth of 56.7%[70]. - Total equity increased to HKD 870,866,000 from HKD 680,328,000, representing a growth of 28.0%[72]. Cash and Cash Equivalents - The company has cash and cash equivalents of approximately HKD 235,802,000 as of September 30, 2020, significantly up from HKD 77,657,000 as of March 31, 2020[11]. - The company’s cash and cash equivalents increased by HKD 151,825,000 during the period, compared to an increase of HKD 15,939,000 in the previous period[80]. - The company’s cash and cash equivalents rose to HKD 235,802,000, up from HKD 77,657,000, indicating a significant increase of 203.5%[70]. Share Capital and Rights Issue - The company completed a rights issue on July 30, 2020, raising approximately HKD 131,500,000, with a total of 1,332,817,890 shares issued at a subscription price of HKD 0.1 per share[20]. - As of September 30, 2020, the total number of issued ordinary shares was 2,221,363,150, an increase from 888,545,260 shares on March 31, 2020[20]. - The net proceeds from the rights issue completed on July 30, 2020, amounted to approximately HKD 131,501,000 after deducting related expenses of about HKD 1,780,000[18]. - The company’s total issued share capital increased significantly due to the rights issue, reflecting a strategic move to enhance capital structure[18]. Dividends - The interim dividend declared for the six months ended September 30, 2020, was HKD 0.008 per share, compared to no dividend for the same period in 2019[24]. - The company declared an interim dividend of HKD 0.008 per share, compared to no dividend declared for the same period in 2019[125]. Debt and Liabilities - The debt-to-asset ratio at the end of the period was 0.31, down from 0.36 on March 31, 2020[12]. - The group had bank loans of HKD 133,558,000 as of September 30, 2020, down from HKD 141,578,000 as of March 31, 2020[146]. - The actual interest rate for secured bank loans was 4.75% with maturity between October 2020 and July 2021[138]. Employee Costs - The total employee cost for the period was approximately HKD 17,764,000, down from HKD 19,351,000 for the six months ended September 30, 2019[17]. - Employee benefits expenses (excluding directors and key management personnel) amounted to HKD 15,736,000, a decrease of 9.0% from HKD 17,293,000 in the previous year[104]. Corporate Governance - The company has made changes to its board of directors, with Mr. Yao Hong resigning and Ms. Hong Lianfang appointed as an independent non-executive director effective October 19, 2020[38][53]. - The company has not complied with the listing rules regarding the minimum number of independent non-executive directors on the board and the audit committee prior to the appointment of Ms. Hong Lianfang[52]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting procedures and internal controls as of September 30, 2020[58]. Social Responsibility and Initiatives - The company has engaged in social responsibility initiatives, including donations to welfare organizations during the pandemic, earning recognition as a "Caring Enterprise"[8]. - The company aims to promote green funerals and modernize the funeral service industry in China, aligning with cultural and environmental values[9]. - The company has initiated remote memorial services such as "cloud memorial" and "proxy memorial" to adapt to the ongoing public health situation[8]. Strategic Investments - The company is exploring several potential strategic investment opportunities following the termination of a memorandum of understanding with Fuyang Tianshou Garden[18]. - The company has approximately HKD 81,490,000 in unutilized net proceeds from the rights issue earmarked for potential strategic investment opportunities[22].

ANXIAN YUAN CHINA HOLDINGS LIMITED 安 賢 園 中 國 控 股 有 限 公 司* (於百慕達註冊成立之有限公司) (股份代號: 00922) www.anxianyuanchina.com * 僅供識別 目錄 目錄 頁數 | --- | --- | |-------|----------------------| | | | | | 公司資料 | | | 主席報告書 | | | 管理層討論及分析 | | | 董事及高級管理層簡歷 | | | 董事會報告 | | | 五年摘要 | | | 企業管治報告 | | | 環境、社會及管治報告 | | | 報告及財務報表 | | | 獨立核數師報告 | | | 綜合損益表 | | | 綜合全面收入表 | | | 綜合財務狀況表 | | | 綜合權益變動表 | | | 綜合現金流量表 | | | 財務報表附註 | 2 3 5 11 14 24 25 41 68 73 74 75 77 78 80 詞彙 167 安賢園中國控股有限公司 1 年報2020 公司資料 公司資料 董事會 執行董事 施華先生（主席） 施俊先生（行政總裁） 羅輝城先生 ...

ANXIAN YUAN CHINA HOLDINGS LIMITED 安 賢 園 中 國 控 股 有 限 公 司* (於百慕達註冊成立之有限公司) (股份代號: 0922) www.anxianyuanchina.com * 僅供識別 目錄 目錄 頁次 公司資料 2 管理層討論及分析 3 其他資料 6 簡明綜合損益表 12 簡明綜合全面收入表 13 簡明綜合財務狀況表 14 簡明綜合權益變動表 16 簡明綜合現金流量表 18 簡明綜合財務報表附註 19 詞彙 39 安賢園中國控股有限公司 中期報告2020 1 公司資料 公司資料 | --- | --- | |-----------------------|----------------| | | | | 董事會 | | | 執行董事 | | | 施華先生 （主席） | | | 施俊先生 （行政總裁） | | | 羅輝城先生 | （副行政總裁） | | 非執行董事 | | | 王宏階先生 | | | 獨立非執行董事 | | | 陳冠勇先生 | | | 林柏森先生 | | | 姚洪先生 | | | 公司秘書 羅輝城先生 | | 審核委員會 陳冠勇先生（委員會主 ...

Project Development and Achievements - The flagship project, Zhejiang Anxian Garden, achieved steady growth and successfully completed its annual marketing plan for the fiscal year 2019[9]. - Yinchuan Fushou Garden has become a well-known cultural memorial park in the western region, receiving multiple industry honors and recognition[10]. - The operational success of Yinchuan Fushou Garden serves as a model for the company's business deployment in other regions[10]. - The newly established "Jingqun Garden" memorial square in Yinchuan has become a significant landmark and patriotic education base for the local police community[10]. - The company’s flagship project, Zhejiang Anxian Garden, continues to maintain a steady growth trend, becoming a leading ecological cultural cemetery in Zhejiang Province, recognized for its industry honors and social contributions[23]. Strategic Planning and Market Expansion - The company plans to transform the Zunyi Dashenshan Ecological Cemetery into a benchmark enterprise in Guizhou Province within three years, utilizing an ERP management system to enhance service processes[13]. - The company plans to expand its business into cities with promising market prospects and rich funeral service resources, collaborating with local governments and institutions to support funeral reform[23]. - The company is committed to enhancing its management practices by implementing systematic and modernized approaches across its cemetery operations[13]. Industry Trends and Demographics - The aging population in China is projected to exceed 200 million by 2020, with an annual death rate of approximately 7.1%, indicating a growing demand for funeral services[21]. - The company anticipates that the annual death toll could rise to around 25 million between 2040 and 2070, highlighting the increasing demand for funeral services in the future[22]. Financial Performance - The company recorded a net profit of approximately HKD 17,000,000, a decrease from HKD 17,300,000 in 2018, while revenue increased to HKD 223,100,000, up from HKD 206,600,000, representing an increase of about 8%[26]. - The company's gross profit was impacted by higher direct costs, resulting in a pre-tax profit of approximately HKD 40,800,000, down from HKD 54,800,000 in 2018[26]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a growth of 15% year-over-year[52]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[63]. Corporate Governance and Compliance - The company has complied with applicable corporate governance codes throughout the year, with some deviations noted in specific areas[135]. - The board of directors has committed to maintaining high standards of corporate governance and transparency for the benefit of shareholders[134]. - The company reported no significant violations of applicable laws and regulations during the year[127]. - The company has established appropriate directors' and officers' liability insurance for its board and executive officers[125]. Internal Management and Employee Development - The company has implemented a series of internal training programs to enhance management mechanisms and cultivate a sense of ownership among employees, which is expected to improve overall operational quality[15]. - The total employee cost for the year was approximately HKD 46,200,000, an increase from HKD 44,200,000 in 2018[38]. Shareholder Information and Equity - As of March 31, 2019, the total number of issued ordinary shares was 740,545,260[97]. - Mr. Shi holds 22,178,000 shares, representing 2.99% of the total shares[95]. - The company has not reported any significant direct or indirect beneficial interests held by directors in any important transactions related to the group's business during the year[88]. Audit and Risk Management - The Audit Committee monitored the financial reporting system, risk management, and internal control systems, ensuring their effectiveness and compliance[179]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, with clear written terms of reference[170]. Social Responsibility and Community Engagement - The company actively promotes social value maximization while enhancing its brand image, participating in public cultural activities, and establishing significant memorial parks, such as the "Two Bombs and One Satellite" Memorial Park in Zhejiang[14]. - The company is committed to participating in various social welfare activities, promoting ecological civilization, and implementing green funeral development concepts[23].