Huscoke : 2022 Second Interim Report

2022

SECOND INTERIM REPORT ୋɚ΅ʕಂజѓ

Contents ͦ፽

Corporate Information 2 ʮ̡༟ࣘ

Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 4 ᔊ׼ၝΥฦूʿՉ˼Όࠦϗूڌ

Condensed Consolidated Statement of Financial Position 6 ᔊ׼ၝΥৌਕًرڌ

Condensed Consolidated Statement of Changes in Equity 8 ᔊ׼ၝΥᛆूᜊਗڌ

Condensed Consolidated Statement of Cash Flows 9 ᔊ׼ၝΥତږݴඎڌ

Notes to the Condensed Consolidated Interim Financial Statements 10 ᔊ׼ၝΥʕಂৌਕజڌڝൗ

Management Discussion and Analysis 53 ၍ଣᄴীሞʿʱؓ

Disclosure of Interests 68 ᛆूמᚣ

Corporate Governance 74

Άุ၍ط

CORPORATE INFORMATION	ʮ̡༟ࣘ
BOARD OF DIRECTORS	໨ԫึ
Executive Directors	ੂБ໨ԫ
Mr. Zhao Xu Guang	ႻϛΈ΋͛
(Chairman and Chief Executive Officer)	€˴ࢩʿБ݁ᐼ൒
Mr. Wang Yijun	ˮ່ࠏ΋͛
Non-Executive Directors	ڢੂБ໨ԫ
Mr. Wong Siu Hung, Patrick	රˇඪ΋͛
Mr. Huang Man Yem	ර˖㒥΋͛
Mr. Jiang Jiansheng	۴ܔ͛΋͛
Mr. Tang Ching Fai	ᆚ㧋ሾ΋͛
Independent Non-Executive Directors	ዹͭڢੂБ໨ԫ
Mr. Lam Hoy Lee, Laurie	؍කл΋͛
Mr. To Wing Tim, Paddy	Ӂ͑૴΋͛
Dr. Wang Wei Hsin	ˮၪอ௹ɻ
AUDIT COMMITTEE	ᄲࣨ։ࡰึ
Mr. To Wing Tim, Paddy (Chairman)	Ӂ͑૴΋͛€˴ࢩ
Mr. Lam Hoy Lee, Laurie	؍කл΋͛
Mr. Huang Man Yem	ර˖㒥΋͛
Dr. Wang Wei Hsin	ˮၪอ௹ɻ
REMUNERATION COMMITTEE	ᑚཇ։ࡰึ
Mr. Lam Hoy Lee, Laurie (Chairman)	؍කл΋͛€˴ࢩ
Mr. To Wing Tim, Paddy	Ӂ͑૴΋͛
Mr. Huang Man Yem	ර˖㒥΋͛
Dr. Wang Wei Hsin	ˮၪอ௹ɻ
NOMINATION COMMITTEE	౤Τ։ࡰึ
Mr. Zhao Xu Guang (Chairman)	ႻϛΈ΋͛€˴ࢩ
Mr. Lam Hoy Lee, Laurie	؍කл΋͛
Mr. To Wing Tim, Paddy	Ӂ͑૴΋͛
Dr. Wang Wei Hsin	ˮၪอ௹ɻ
COMPANY SECRETARY	ʮ̡।ࣣ
Ms. Au Wing Sze	ᆄ㣤་ɾɻ
LEGAL ADVISER	جܛᚥਪ
Michael Li & Co.	ҽ౽ᑋܛࢪԫਕה
HUSCOKE HOLDINGS LIMITED	SECOND INTERIM REPORT 2022

CORPORATE INFORMATION	ʮ̡༟ࣘ
AUDITOR
ZHONGHUI ANDA CPA Limited	ʕිτ༺ึࠇࢪԫਕהϞࠢʮ̡
STOCK CODE	ٰୃ˾໮
Hong Kong Stock Exchange: 704	࠰ಥᑌΥʹ׸הj704
CORPORATE WEBSITE	ʮ̡ၣѧ
www.huscoke.com	www.huscoke.com
PRINCIPAL OFFICE	˴ࠅ፬ԫஈ
Room 2301, 23rd Floor	࠰ಥږᙒ
Tower One, Lippo Centre	ږᙒ༸ 89 ໮
89 Queensway	ɢᘒʕːɓࢭ
Admiralty, Hong Kong	23 ᅽ 2301 ܃
REGISTERED OFFICE	ൗ̅፬ԫஈ
Victoria Place, 5th Floor	Victoria Place, 5th Floor
31 Victoria Street	31 Victoria Street
Hamilton HM 10	Hamilton HM 10
Bermuda	Bermuda
SHARE REGISTRARS AND TRANSFER OFFICE	ٰ΅ཀ˒೮াஈ
In Hong Kong	࠰ಥ
Tricor Secretaries Limited	ՙԳ।ࣣਠਕϞࠢʮ̡
17/F, Far East Finance Centre	࠰ಥࢀ䅳༸ 16 ໮
16 Harcourt Road, Hong Kong	Ⴣ؇ږፄʕː 17 ᅽ
In Bermuda	ϵᅉ༺
MUFG Fund Services (Bermuda) Limited	MUFG Fund Services (Bermuda) Limited
4th Floor North	4th Floor North
Cedar House	Cedar House
41 Cedar Avenue	41 Cedar Avenue
Hamilton HM 12	Hamilton HM 12
Bermuda	Bermuda
PRINCIPAL BANKS	˴ࠅֻԸვБ
Nanyang Commercial Bank, Limited	یݱਠุვБϞࠢʮ̡
The Bank of East Asia Limited	؇ԭვБϞࠢʮ̡
The Hongkong and Shanghai Banking	࠰ಥɪऎ䁩ᔮვБϞࠢʮ̡
Corporation Limited
ձྗછٰϞࠢʮ̡	2022 ୋɚ΅ʕಂజѓ

ࣨᅰࢪ

INTERIM RESULTS FOR THE	࿚Їɚཧɚɚϋ
TWELVE MONTHS ENDED	ɤɚ˜ɧɤɓ˚˟
31 DECEMBER 2022	ɤɚࡈ˜ʘʕಂุᐶ
The board (the "Board") of directors (the	ձ ྗ છ ٰ Ϟ ࠢ ʮ ̡€˜ ͉ʮ̡ ™໨ ԫ€˜ ໨
"Directors") of Huscoke Holdings Limited (the	ԫ™ึ€˜໨ԫึ™್ؚ܁б͉ʮ̡ʿՉڝ
"Company") is pleased to announce the unaudited	᙮ ʮ ̡€ ୕ ၈˜ ͉ණྠ ™࿚ Ї ɚ ཧ ɚ ɚ ϋ
condensed consolidated interim results of the	ɤ ɚ ˜ ɧ ɤ ɓ ˚ ˟ ɤ ɚ ࡈ ˜€˜ ͉జѓಂ
Company and its subsidiaries (collectively, the	ග™ʘ͊຾ᄲࣨᔊ׼ၝΥʕಂุᐶஹΝɚ
" Group") for the twelve months ended 31	ཧɚɓϋΝಂʘˢ༰ᅰονɨj
December 2022 (the "Reporting Period") together
with the comparative figures for the corresponding
period in 2021 as follows:
CONDENSED CONSOLIDATED	ᔊ׼ၝΥฦूʿՉ˼Όࠦϗूڌ
STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
For the twelve months ended 31 December 2022	࿚Їɚཧɚɚϋɤɚ˜ɧɤɓ˚˟ɤɚࡈ˜
For the twelve months ended
31 December
࿚Їɤɚ˜ɧɤɓ˚˟ɤɚࡈ˜

2022	2021
ɚཧɚɚϋ	ɚཧɚɓϋ
(Unaudited)	(Audited)
€͊຾ᄲࣨ	€຾ᄲࣨ
Notes	HK$'000	HK$'000
ڝൗ	ɷಥʩ	ɷಥʩ
Revenue	ϗɝ	3	17,400	866,602
Cost of sales	ቖਯϓ͉	(128,617)	(753,868)
Gross (loss)/profit	€ˣฦŊˣл	(111,217)	112,734
Other income and gains, net	Չ˼ϗɝʿϗूd	4
ଋᕘ	288,466	235,183
Selling and distribution costs	ቖਯʿʱቖϓ͉	(1,262)	(1,417)
Administrative expenses	၍ଣ൬͜	(91,507)	(99,920)
Finance costs	ৌਕ൬͜	5	(109,097)	(113,936)
Other operating expenses, net	Չ˼຾ᐄක˕d
ଋᕘ	-	(154,157)
Loss before tax	ৰ೼ۃᑦฦ	6	(24,617)	(21,513)
Income tax expense	ה੻೼ක˕	7	-	(9,669)
Loss for the period	ಂʫᑦฦ	(24,617)	(31,182)
HUSCOKE HOLDINGS LIMITED

SECOND INTERIM REPORT 2022