WORLD-LINKLOG：AnnualReport2024.pdf

1、CONTENTS2Chairmans Statement4Corporate Information5Management Discussion and Analysis9Directors and Senior Management12Corporate Governance Report25Directors Report32Independent Auditors Report36Consolidated Statement of Profit or Loss and Other Comprehensive Income37Consolidated Statement of Financ

2、ial Position38Consolidated Statement of Changes in Equity39Consolidated Statement of Cash Flows40Notes to the Consolidated Financial Statements84Financial SummaryCHAIRMANS STATEMENT2World-Link Logistics(Asia)Holding Limited|AnnuAl RepoRt 2024Mr.Yeung Kwong FatChairman and Chief Executive OfficerDear

3、 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 2024(“2024”).2024 is still a challenging year for the Group.The global economy was badly impacted by inflation and high interest environment

4、.According to the press“Advance estimates onGross Domestic Productfor fourth quarter and whole year of 2024“dated 3 February 2025 published by the Government of the Hong Kong Special Administrative Region(“HKSAR”),the GDP annual growth rate of Hong Kong for 2024 increased by 2.5%,while the private c

5、onsumption expendituredecreased by0.6%.Despite the challenging economic environment in 2024,Thanks to the effort of our management and the employees,the Group managed to maintain its revenue level and a net profit position for the year ended 31 December 2024.Please refer to the section entitled“Busi

6、ness Review”for details of our performance.The consumption patterns of tourist from Mainland China have bought lots of influence to the retail markets of Hong Kong and Macau.Both the Hong Kong and the Macau retail industries recovered slowly which dampened our business.During 2024,despite of a reduc