Business
Chuang Consortium International : Annual Report 2024/2025
Chuang Consortium International : Annual Report
About this update from Chuang's Consortium International Limited
[{"type":"text","content":"\n \n CHUANG'S CHINA INVESTMENTS LIMITED\n \n \n \n ANNUAL REPORT\n \n \n 2024/2025\n \n \n \n Contents\n \n \n 2 Chairman's Statement\n 21 Corporate Information\n 26 Biographical Details of Directors and Senior Management\n 31 Corporate Governance Report\n 52 Environmental, Social and Governance Report\n 80 Report of the Directors\n 93 Independent Auditor's Report\n Consolidated Income Statement\n \n \n Consolidated Statement of Comprehensive Income\n \n \n Consolidated Balance Sheet\n \n \n 104 Consolidated Cash Flow Statement\n 105 Consolidated Statement of Changes in Equity\n 106 Notes to the Consolidated Financial Statements\n 187 Particulars of Principal Properties\n 189 Particulars of Listed Corporate Bonds\n Summary of Financial Information\n \n \n Notice of Annual General Meeting\n \n \n \n Chairman's\n \n \n Statement\n \n \n Chairman's Statement\n \n \n \n Highlights\n \n \n for the year ended 31 March 2025\n \n Loss attributable to equity holders of the Company amounted to HK$394.9 million.The Group had net cash of HK$263.5 million as at 31 March 2025. Total cash resources of the Group (including bond and securities investments of HK$26.8 million) amounted to HK$394.6 million, and bank borrowings amounted to HK$131.1 million.Net asset value per share amounted to HK$1.24.Loss per share was 16.83 HK cents.\n Results Review\n \n \n During the year under review, the Group's revenues amounted to about HK$86.0 million (2024: HK$90.6 million), and comprised of the following:\n \n \n sales of properties amounted to about HK$44.1 million (2024: HK$49.7 million) in the current year which mainly represented the completion of the sold properties of ARUNA, Ap Lei Chau in Hong Kong;\n \n \n rental and management fee income amounted to about HK$20.0 million (2024: HK$19.6 million);\n \n \n revenues from securities investment and trading amounted to about HK$0.6 million (2024: HK$3.0 million) which represented interest and other income from bond investments; and\n \n \n sales of cemetery assets in the People's Republic of China (the \"PRC\") amounted to about HK$21.3 million (2024: HK$18.3 million).\n \n \n \n During the year under review, gross loss of HK$48.5 million (2024: HK$117.0 million) was recorded which was mainly attributable to the impairment provision for properties for sale at ARUNA under the current property market con...