利福中国2023 中期报告

ContentsContents目錄目錄 22CondensedConsolidatedStatement ofFinancial Position24CondensedConsolidatedStatement of Changes in Equity25CondensedConsolidatedStatement of Cash Flows26Notes to theInterimFinancialInformation 01Financial Highlights02Corporate Information04Management Discussion and Analysis14Other Information18Report on Review of Interim FinancialInformation21CondensedConsolidated Statement ofProfit or Loss and Other ComprehensiveIncome 財務摘要財務摘要 •Revenue increased 36.7% to RMB695.2 million收入上升36.7%至人民幣695.2百萬元 •Profit attributable to owners of the Companyincreased 357.7% to RMB127.6 million本公司擁有人應佔溢利上升357.7%至人民幣127.6百萬元 •Earnings per share increased 357.7% to RMB0.087每股盈利上升357.7%至人民幣0.087元 •No interim dividend has been declared by the Board董事會不宣派任何中期股息 Board of Directors Executive Directors Mr. Lau Luen Hung, Thomas(Chairman and Chief Executive Officer)Mr. Lau Kam SenMs. Lau Kam Shim Non-executive Director Ms. Chan Chor Ling, Amy Independent Non-executive Directors 悅 Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Company Secretary Mr. Poon Fuk Chuen Audit Committee 悅 Mr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Remuneration Committee 悅 Mr. Lau Luen Hung, ThomasMr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Nomination Committee 悅 Mr. Lau Luen Hung, Thomas (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Registered Office Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Head Office and Principal Placeof Business in Hong Kong 55520 20th Floor, East Point Centre555 Hennessy RoadCauseway Bay, Hong Kong Principal Bankers Agricultural Bank of ChinaIndustrial and Commercial Bank of ChinaBank of China (Hong Kong) Limited Auditor PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor Hong Kong Share Registrar andTransfer Office 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong Cayman Islands Share Registrar andTransfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Share Information 21365001.0715.67 Place of listing: The Stock Exchange of Hong Kong LimitedStock code: 2136Board lot: 500 sharesFinancial year end: 31 DecemberClosing share price at 30 June 2023: HK$1.07Market capitalisation at 30 June 2023: HK$1,567 million Website www.lifestylechina.com.hk www.lifestylechina.com.hk 管理層討論及分析管理層討論及分析 Market Overview 5.5%8.2%9.8%0.4% During the first half of 2023, China’s economy gradually stabilized andrebounded, with a 5.5% year-on-year growth in gross domestic productionbeing recorded. Since the beginning of the year, pent-up consumerdemand has been gradually released in many parts of China. While someconsumers tended to be cautious in their spending given the uncertaineconomic outlook, the majority chose to rediscover the joys of shoppingin-store and offline entertainment experiences. With the help of localsupporting policies to stimulate consumer spending, consumptionexpenditure continued to expand and the national retail sales saw a 8.2%year-on-year growth in the first half of 2023, notably in dining and sales ofgold ornaments and jewelry, and apparel and footwear. In the retail storesector, retail sales in department stores increased by 9.8% year-on-year forthe first half of 2023 while retail sales in supermarkets retracted by 0.4% ascompared to the first half of 2022. Meanwhile, consumption target of the Chinese consumers also changed,as they not only focused the quality and prices of products or services theypaid for, but also on the emotional added value adhering to the goodsand services, hoping to gain better life experience through premiumproducts and services. As such, it was extremely important to designmarketing activities that would create immersive scenarios to bringenjoyment to consumers while encouraging in-store spending. Inparticular, demand for eco-friendly and health products has furtherincreased in the post-pandemic era. In response to the increasinglypopular new trend of pursuing healthy lifestyle, retailers are activelyexploring sustainable development opportunities to drive growth inconsumer spending. Financial Review — To seize the opportunities amid the economic rebound and enhance itsoverall competitiveness, the Group continued to optimize its storeoperations by creating unique marketing scenarios and organizing variouscultural and sporting events to attracting consumers to experience andshop at its stores, thereby boosting foot traffic and sales.