达芙妮国际二零二三年中期报告

C O N T E N T S目錄 Management Discussion and Analysis Condensed Consolidated Income Statement Condensed Consolidated Statement of Comprehensive Income Condensed Consolidated Balance Sheet Condensed Consolidated Statement of Changes in Equity Condensed Consolidated Statement of Cash Flows Notes to the Condensed Consolidated Interim Financial Statements Supplementary Information Daphne International Holdings LimitedCORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Chang Chih-Kai(Chairman)Mr. Chang Chih-Chiao(Chief Executive Officer)Mr. Wang Jungang Independent Non-executive Directors InterimMr. Huang Shun-TsaiMr. Hon Ping Cho TerenceMr. Tan Philip AUDIT COMMITTEE Mr. Hon Ping Cho Terence(Chairman)Mr. Huang Shun-TsaiMr. Tan Philip NOMINATION COMMITTEE Mr. Huang Shun-Tsai(Chairman)Mr. Hon Ping Cho TerenceMr. Tan PhilipMr. Chang Chih-Kai REMUNERATION COMMITTEE Mr. Tan Philip(Chairman)Mr. Huang Shun-TsaiMr. Hon Ping Cho TerenceMr. Chang Chih-Kai COMPANY SECRETARYMr. Cheung Chun Hay AUTHORISED REPRESENTATIVESMr. Chang Chih-KaiMr. Cheung Chun Hay REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands CORPORATE INFORMATION 10262605 PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 2605, 26/FThe Metropolis Tower10 Metropolis DriveHung HomKowloonHong Kong OPERATIONAL HEADQUARTERS Unit 601, 6/F, Tower 5, The Hub99 Shaohong RoadMinhang DistrictShanghaiChina 9956601 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor PRINCIPAL BANKERS UFJ Agricultural Bank of ChinaBank of WenzhouChina Construction BankMUFG Bank (Hong Kong Branch)Taipei Fubon Bank (Hong Kong Branch) www.daphneholdings.com CORPORATE WEBSITESwww.daphneholdings.com ir@daphneholdings.com INVESTOR RELATIONSir@daphneholdings.com 1.The calculation of current ratio (times) is based on total current assetsdivided by total current liabilities as at the relevant period/year end.2.The calculation of net gearing ratio (%) is based on net debt (beingtotal of convertible notes and lease liabilities less cash and cashequivalents) divided by equity attributable to shareholders as at therelevant period/year end. (%) MANAGEMENT DISCUSSION ANDANALYSIS BUSINESS REVIEW 5.5%593,034 In the first half of 2023, downward pressure on the global economygradually softened as the fallout from the COVID-19 epidemicbegan to fade. Inflation in major economies has also been coolingoff from its peak last year. Since the optimisation of epidemicprevention and control measures in China, the major market wherethe Group operates, the daily lives of citizens slowly returned tonormalcy and consumer sentiment began to pick up gradually inthe first half of 2023. Despite a temporary revival in the consumermarket, China’s economic recovery is slightly slower than marketexpectations and the overall economic environment remainschallenging. China’s gross domestic product (GDP) grew 5.5%year-on-year in the first half of 2023, reaching RMB59,303.4b i l l i o n . A g a i n s t t h e b a c k d r o p o f a c o m p l e x i n t e r n a t i o n a lenvironment, China made every effort to stabilise growth,employment and prices. Overall, the Company considers the long-term fundamentals of China’s economy remain positive and marketrecovery is anticipated to continue. 13.1%71,621 In view of the slowdown in real economic activities, China hasbeen actively promoting the development of digital economyand e-commerce in recent years, encouraging the internationaldevelopment of online companies and platforms and providingtremendous impetus for e-commerce growth in the long run.It was reported that in the first half of 2023, online retail salesin China registered a solid year-on-year growth of 13.1% toRMB7,162.1 billion. In particular, interest-based e-commerce hasbeen taking the e-commerce world by storm, rapidly seizing themarket share of traditional e-commerce. Essentially, interest-basede-commerce leverages technology to gain insights into the diverseconsumer preferences and carry out precision marketing througha personalised recommendation system to accurately promoteproducts to target segments so as to arouse customers’ interest inproducts and meet the ever-changing consumer demand. Ridingon the promising future of e-commerce, the Group maintainedits strategic focus on online licensing business, targeting popularinterest-based e-commerce platforms that have largely a youngand eager-to-spend user base such as “Douyin”, “Tmall”, and“Xiaohongshu” to effectively increase brand exposure and broadencustomer base, striving to increase revenue. Daphne International Holdings LimitedMANAGEMENT DISCUSSION ANDANALYSIS The Group’s Performance InterimReport 2023Digital techno