Samson Paper : Annual Report Summary 2021/2022

CONTENTS

Corporate Information	2
Financial Highlights	4
Chairman's Statement	5
Management Discussion and Analysis	6
Biographies of Directors, Senior Management and	19
Company Secretaries
Corporate Governance Report	25
Report of the Directors	43
Environmental, Social and Governance Report	67
Independent Auditor's Report	90
Consolidated Statement of Profit or Loss	94
Consolidated Statement of Comprehensive Income	95
Consolidated Statement of Financial Position	96
Consolidated Statement of Changes in Equity	98
Consolidated Statement of Cash Flows	99
Notes to the Consolidated Financial Statements	101
Financial Summary	204

Corporate Information

	Board of Directors
	Executive Directors
	Mr. Shi Yaofeng (Chief Executive Officer)
	Mr. Huang Tiansheng
	Ms. Shi Chenye (Vice Chief Executive Officer)
	Non-executive Directors
	Mr. Cheng Dongfang (Chairman of the Board)
	Mr. Li Shengfeng
	Mr. Choi Wai Hong, Clifford
	Independent non-executive Directors
	Mr. Zhao Lin
	Mr. Wong Yiu Kit, Ernest
	Mr. Lam John Cheung-wah
	Audit Committee
	Mr. Wong Yiu Kit, Ernest (Chairman)
	Mr. Choi Wai Hong Clifford
	Mr. Lam John Cheung-wah
	Remuneration Committee
	Mr. Zhao Lin (Chairman)
	Mr. Cheng Dongfang
	Mr. Lam John Cheung-wah
2	Nomination Committee
	Mr. Zhao Lin (Chairman)
	Mr. Cheng Dongfang
	Mr. Lam John Cheung-wah
	Joint Company Secretaries
	Dr. Wong Chi Ho, Raymond
	Ms. Li Jing
	Authorised Representatives
	Mr. Cheng Dongfang
	Dr. Wong Chi Ho, Raymond
	Registered Office
	5th Floor, Victoria Place,
	31 Victoria Street, Hamilton HM10,
	Bermuda

Head Office and Principal Place of Business in Hong Kong

Rooms 2306B & 2307,

23 Floor, West Tower, Shun Tak Centre,

No. 168-200, Connaught Road Central,

Hong Kong

Principal Share Registrar and Transfer Office

Butterfield Corporate Services Limited

6 Front Street

Hamilton

Bermuda

Hong Kong Branch Share Registrar and Transfer Office

Boardroom Share Registrars (HK) Limited

Room 2103B, 21/F, 148 Electric Road

North Point, Hong Kong

Principal Bankers

Industrial and Commercial Bank of China,

Xuecheng District Sub-branch

Bank of China, Xuecheng District Sub-branch

Company Website

http://www.samsonpaper.com

Legal Advisers

As to Hong Kong law

Seyfarth Shaw

Suites 3701, 3708-3710, 37/F,

Edinburgh Tower, The Landmark,

15 Queen's Road Central, Hong Kong

SAMSON PAPER HOLDINGS LIMITED

Corporate Information

Independent Auditor

RSM Hong Kong

Certified Public Accountants

29 Floor, Lee Garden Two

28 Yun Ping Road

Causeway Bay

Hong Kong

Stock Code

731

3

ANNUAL REPORT 2022

Financial Highlights

Consolidated Statement of Profit or Loss

	For the year ended
		31 March
	2022	2021
	HK$'000	HK$'000
		(Represented)
Revenue from continuing operations	1,229,456	549,988
Operating profit/(loss) from continuing operations	479,287	(1,446,463)
Finance costs from continuing operations	7,516	9,489
Profit/(loss) before tax from continuing operations	471,771	(1,455,952)
Profit/(loss) attributable to owners of the Company	2,558,902	(3,768,764)
Consolidated Statement of Financial Position
	As at 31 March
	2022	2021
	HK$'000	HK$'000
Non-current assets	1,096,257	184,811
Current assets	480,544	912,553
Current liabilities	829,263	3,217,843
Shareholders' funds	508,855	(2,180,599)
Non-current liabilities	238,683	57,715
Share Statistics
	For the year ended
4		31 March
2022	2021
		(Re-stated)
Profit/(loss) per share - basic from continuing operations	HK138.1 cents	HK(1,051.7) cents
Profit/(loss) per share - diluted from continuing operations	HK138.1 cents	HK(1,051.7) cents
Dividends per share	HKNil cents	HKNil cents
Net asset/(liability) value per ordinary share	HK148.7 cents	HK(1,911.0) cents

SAMSON PAPER HOLDINGS LIMITED