WORLD-LINKLOG：AnnualReport2019.pdf

1、WORLD-LINK LOGISTICS(ASIA)HOLDING LIMITED環宇物流（亞洲）控股有限公司(incorporated in the Cayman Islands with limited liability)Stock Code:60832019Annual ReportChairmans Statement2-3Corporate Information4Management Discussion and Analysis5-8Directors and Senior Management9-11Corporate Governance Report12-21Direct

2、ors Report22-29Independent Auditors Report30-33Consolidated Statement of Profit or Loss and Other Comprehensive Income34Consolidated Statement of Financial Position35Consolidated Statement of Changes in Equity36Consolidated Statement of Cash Flows37Notes to the Consolidated Financial Statements38-87

3、Financial Summary88CONTENTS2World-Link Logistics(Asia)Holding Limited ANNUAL REPORT 2019CHAIRMAN S STATEMENTDear Shareholders,With great pleasure,I hereby present on behalf of the Board of Directors(the“Board”)the annual report of the Group for the year ended 31 December 2019(“2019”).We achieved str

4、ong growth in 2019 though both 2018 and 2019 were difficult years for us.Economic downturn has started from the second quarter of 2018.In 2019,internally we faced the economic downturn caused by the social movement while externally we faced the economic downturn caused by the trade war between China

5、 and USA.According to the statistics published by the“”(an online platform which provides historical economic data,forecasts,news etc),for 2019 as a whole,the GDP contracted 1.2%,the first annual decline since 2009,and after a 2.9%increase in 2018.Hong Kong recorded a negative GDP growth rate in bot

6、h the third and the fourth quarters of 2019 which put the economy in a technical recession.Despite the economic downturn in Hong Kong in 2019,the Group has performed well in attracting new customers in 2019.Details of the new customers are discussed in the section entitled“Business Review”.The Group