论及分析董事

Contents目錄FinancialHighlights4財務摘要CorporateInformation8公司資料Chairman’sStatement12主席報告Management’sDiscussionandAnalysis16管理層討論及分析DirectorsandSeniorManagement25董事及高層管理人員CorporateGovernanceReport31企業管治報告ReportoftheDirectors35董事會報告IndependentAuditor’sReport53獨立核數師報告ConsolidatedBalanceSheet55綜合資產負債表BalanceSheet57資產負債表ConsolidatedStatementofComprehensiveIncome58綜合全面收入表ConsolidatedStatementofChangesinEquity60綜合權益變動報表ConsolidatedCashFlowStatement62綜合現金流量報表NotestotheFinancialStatements63財務報表附註ScheduleofPropertyforDevelopmentand/orSale146發展及╱或出售物業表Five-yearFinancialSummary147五年財務概要FinancialHighlights財務摘要ChinaTingGroupHoldingsLimitedAnnualReport2009華鼎集團控股有限公司二零零九年年報FinancialHighlights財務摘要4ChinaTingGroupHoldingsLimitedAnnualReport2009華鼎集團控股有限公司二零零九年年報FinancialHighlights(continued)財務摘要（續）520092008二零零八年HK$’millionHK$’million%Change百萬港元變動%Revenue收入OEMBusiness原設備製造業務1,755.72,047.8(14.3)BrandRetailBusiness品牌零售業務335.3285.917.32,091.02,333.7(10.4)Operatingprofit經營溢利355.2328.98.0ProfitattributabletotheCompany’sequityholders本公司股權持有人應佔溢利376.6291.229.3ProfitattributabletotheCompany’sequityholders(excludingnegativegoodwill)本公司股權持有人應佔溢利（不包括負商譽）291.4291.20.1Dividendpershare每股股息—Final(HKcents)—終期（港仙）5.264.4617.9—Fullyear(HKcents)—全年（港仙）9.709.70—Dividendpayoutratio(excludingnegativegoodwill)股息派出比率（不包括負商譽）70%70%—EquityattributabletotheCompany’sequityholders本公司股權持有人應佔權益2,475.92,278.28.7Equitypershare(HKcents)每股權益（港仙）118.2108.98.5CorporateInformation公司資料ChinaTingGroupHoldingsLimitedAnnualReport2009華鼎集團控股有限公司二零零九年年報CorporateInformation公司資料8ExecutiveDirectorsMr.TINGManYi(Chairman)Mr.TINGHungYi(ChiefExecutiveOfficer)3,4,5,6Mr.DINGJianerMr.CHEUNGTingYin,PeterIndependentNon-executiveDirectorsDr.CHENGChiPang1,3,5Mr.WONGChiKeung1,2,5Mr.LEUNGManKit1,3Notes:1.MemberofAuditCommittee2.ChairmanofAuditCommittee3.MemberofNominationCommittee4.ChairmanofNominationCommittee5.MemberofRemunerationCommittee6.ChairmanofRemunerationCommitteeCompanySecretaryandQualifiedAccountantMr.CHENGHoLung,RaymondCPA,FCCAHeadOfficeandPrincipalPlaceofBusinessinHongKong28thFloor,FuturaPlaza111–113HowMingStreetKwunTongKowloonHongKongRegisteredOfficeCricketSquare,HutchinsDriveP.O.Box2681GrandCaymanKY1-1111CaymanIslandsCompanyWebsite丁敏兒先生（主席）丁雄尔先生（行政總裁）3,4,5,6丁建兒先生張定賢先生鄭志鵬博士1,3,5黃之強先生1,2,5梁民傑先生1,3附註：1.審核委員會成員2.審核委員會主席3.提名委員會成員4.提名委員會主席5.薪酬委員會成員6.薪酬委員會主席鄭浩龍先生CPA,FCCA香港九龍觀塘巧明街111–113號富利廣場28樓CricketSquare,HutchinsDriveP.O.Box2681GrandCaymanKY1-1111CaymanIslands(continued)公司資料（續）9PrincipalShareRegistrarButterfieldFulcrumGroup(Cayman)LimitedButterfieldHouse,68FortStreetGeorgeTownGrandCaymanKY1-1107CaymanIslandsHongKongBranchShareRegistrarComputershareHongKongInvestorServicesLimitedShops1712–16,17thFloorHopewellCentre183Queen’sRoadEastWanchaiHongKong2010AnnualGeneralMeeting18May2010ClosureofRegisterofMembersFrom13May2010to18May2010(bothdaysinclusive)ButterfieldFulcrumGroup(Cayman)LimitedButterfieldHouse,68FortStreetGeorgeTownGrandCaymanKY1-1107CaymanIslands香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712–16號舖二零一零年五月十八日從二零一零年五月十三日至二零一零年五月十八日（包括首尾兩日）Chairman’sStatement主席報告Chairman’sStatement主席報告Onbehalfoftheboard(the“Board”)ofDirectors(the“Directors”)ofChinaTingGroupHoldingsLimited(the“Company”),Iampleasedtopresenttoyouthe2009annualreportoftheCompanyanditssubsidiaries(collectively,the“Group”).Aftertheeconomictsunamicausedavirtualmeltdownofglobalfinancialsystemsinthelatterpartof2008,drasticmeasurestakenbyinternationalgovernmentsincludingthoseoftheUSAandEuropehavebroughtaboutthebeginningsofareboundinthelatterhalfof2009.Economies,however,continuetoremainweakerthanexpectedwithhighlevelsofunemploymentbeingamajorfactorinhinderingaquickrevival.DuringtheyeartheGroup’sperformanceinitsODMbusinessdidnotescapethecomplicationsbroughtaboutbyimportantchangesincustomertendencies,financialuncertaintiesandmarketbehaviour,andtheGroupsawaslightdeclineinturnoveralthoughoursolidfundamentalsandliquidityhasallowedustomaintainourgrossprofitmargin.Wearesatisfiedwithourresultsachievedinthischallengingenvironmentalthoughweexpectthestressprolongedbytheconstraintonactualsellingpriceswillcontinueforsometime.Intheretailsector,however,wewerenotlargelyaffectedbytheeconomiccrisisandwesawanincreaseinbothturnoverandactualsellingprices.Wecontinuetoenforceourstrategyandfocusactionsonexpansionswhichweretemporarilydisruptedintheautumnof2008.WeintendtopursueouraggressiveinroadsintotheUSA,EuropeanandAsianmarketsthroughinnovativeproductsandserviceswhilecapitalizingonourcorestrengthsasaverticallyintegratedcompanytoenhanceourcompetitivenessandsustaindevelopmentandgrowth.ItakethisopportunitytoexpressmyappreciationtothemanagementandstaffoftheGroupfortheirloyalty,commitmentanddedication,andtothankourshareholders,investors,businessassociatesandourcustomersfortheircontinuedsupportoftheGroup.TIN