佐丹奴国际2023 中期报告

(Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司)Interim Report 2023中期報告(Stock Code GIORDANO INTERNATIONAL LIMITED目錄CONTENTSINTERIM REPORT 2023 中 期 報 告佐丹奴國際有限公司所有Heading如要隔空行，請將空行的段後取消。財務摘要Financial Highlights1管理層之論述及分析Management Discussion and Analysis2中期財務資料的審閱報告Report on Review of Interim Financial Information15合併利潤表Consolidated Income Statement17合併綜合收益表Consolidated Statement of Comprehensive Income18合併資產負債表Consolidated Balance Sheet19合併現金流量表Consolidated Cash Flow Statement21合併權益變動表Consolidated Statement of Changes in Equity23未經審核簡明合併 中期財務報表附註Notes to the Unaudited Condensed Consolidated Interim Financial Statements25其他資料Other Information55公司資料Corporate Information67 財務摘要FINANCIAL HIGHLIGHTS GIORDANO INTERNATIONAL LIMITEDINTERIM REPORT 2023 中 期 報 告佐丹奴國際有限公司1（除每股盈利外， 以百萬港元為單位）(In HK$ million, except earnings per share)（未經審核）(Unaudited)截至6月30日止六個月Six months ended June 30變動Change 20232022 經營業績OPERATING RESULTS銷售額Sales 1,9701,8775.0%經營溢利Operating profit27416665.1%EBITDAEBITDA53441927.4%本公司股東應佔溢利Profit attributable to shareholders of the Company 1909795.9%每股資料PER SHARE DATA每股盈利Earnings per share－基本（港仙）– Basic (HK cents)12.06.196.7%－攤薄（港仙）– Diluted (HK cents)11.86.193.4%每股中期股息（港仙）Interim dividend per share (HK cents)17.08.5100.0%財務比率FINANCIAL RATIOS存貨對成本流轉日數（日）Inventory turnover on costs (days)111116(5)本公司股東應佔溢利 （佔銷售額百分比）Profit attributable to shareholders of the Company (% to sales)9.6%5.2%4.4pp/百分點 GIORDANO INTERNATIONAL LIMITED管理層之論述及分析MANAGEMENT DISCUSSION AND ANALYSIS INTERIM REPORT 2023 中 期 報 告佐丹奴國際有限公司2所有Heading如要隔空行，請將空行的段後取消。MANAGEMENT DISCUSSION AND ANALYSIS OF GROUP RESULTS OF OPERATIONS AND FINANCIAL POSITIONUnless otherwise stated, the following commentaries refer to the year-on-year (“YOY”) comparison for the six months ended June 30, 2023, and 2022.OVERVIEW• Group sales were up 5.0% to HK$1,970 million (2022: HK$1,877 million). All three major markets, Greater China, Southeast Asia, and the Gulf Cooperation Council, reported growth.• Gross margin increased by 3.6 percentage points to 58.7% (2022: 55.1%), attributable to higher selling prices and fewer discounts, resulting in an 11.7% increase in gross profit.• Operating expenses rose marginally due to variable costs from higher sales. The expense-to-sales ratio declined by 0.9 percentage points to 46.6% on efficiency gains.• Net profit attributable to the shareholders of the Company soared to HK$190 million (2022: HK$97 million) at a net margin of 9.6% (2022: 5.2%).• Group inventories closed lower to HK$501 million (2022: HK$541 million), attributable to prudent procurement management. Inventory turnover on cost shrunk by five days to 111 days.• The cash and bank balances, net of bank loans, increased to HK$1,014 million as of June 30, 2023 (2022: HK$910 million).• Basic earnings per share were 12.0 HK cents (2022: 6.1 HK cents).• The Board of Directors has declared an interim dividend of 17.0 HK cents per share (2022: 8.5 HK cents per share).管理層對本集團經營業績及財務狀況之論述及分析除非另行說明，以下論述均指本集團截至2023年及2022年6月30日止六個月之按年比較。概覽• 本集團銷售額增加5.0%至19.70億港 元（2022年：18.77億港元）。大中華、東南亞及海灣阿拉伯國家合作委員會三大市場均錄得增長。• 毛利率上升3.6個百分點至58.7%（2022年：55.1%），此乃售價上升和折扣減少所致，使毛利增加11.7%。• 銷售增加帶動可變經營費用下，經營費用微升。經營費用對銷售比率因效率提升而下降0.9個百分點至46.6%。• 本公司股東應佔淨溢利急升至1.90億港 元（2022年：9,700萬港元），淨利潤率為9.6%（2022年：5.2%）。• 本集團存貨結餘降至5.01億港元（2022年：5.41億港元），此乃審慎採購管理所致。存貨對成本流轉日數下降5天至111天。• 於2023年6月30日，現金及銀行結餘（扣除銀行貸款後）升至10.14億港元（2022年：9.10億港元）。• 每股基本盈利為12.0港 仙（2022年：6.1港仙）。• 董事會已宣派中期股息為每股17.0港仙（2022年：每股8.5港仙）。 GIORDANO INTERNATIONAL LIMITEDINTERIM REPORT 2023 中 期 報 告佐丹奴國際有限公司3管理層之論述及分析（續） MANAGEMENT DISCUSSION AND ANALYSIS (continued)RESULTS OF OPERATIONSTable 1: Group results of operations經營業績表1：本集團經營業績截至6月30日止六個月Six months ended June 30 佔銷售額百分比佔銷售額百分比變動（以百萬港元為單位）(In HK$ million)2023% to sales2022% to salesChange 本集團銷售額1Group sales11,970100.0%1,877100.0%5.0%毛利Gross profit1,15658.7%1,03555.1%11.7%其他收入及收益，淨額Other income and gains, net361.8%231.2%56.5%經營費用Operating expense(918)(46.6%)(892)(47.5%)2.9% 經營溢利Operating profit27413.9%1668.8%65.1%應佔一間合營公司溢利Share of profit of a joint venture301.5%251.3%20.0%融資費用Finance expense(17)(0.9%)(12)(0.6%)41.7%所得稅Income taxes(68)(3.4%)(51)(2.7%)33.3%非控制性權益應佔除 所得稅後溢利Profit after income tax attributable to non-controlling interests(29)(1.5%)(31)(1.6%)(6.5%) 股東應佔除所得稅後溢利Profit after income tax attributable to shareholders1909.6%975.2%95.9% 本集團同店銷售額2Group same-store sales21,4931,32912.3%全球品牌銷售額3Global brand sales32,4102,2537.0%全球品牌毛利3Global brand gross profit31,5091,4146.7%期末扣除銀行貸款後現金及 銀行結存Cash and bank balances, net of bank loans at period-end1,01491011.4%期末存貨Inventories at period-end501541(7.4%)存貨對成本流轉日數4Inventory turnover on cost, days4111116(5)期末門市數目Stores at period-end1,7981,940(142) 1 「本集團銷售額」指合併銷售額，包括直營店之零售銷售額及對加盟商之批發。2 「本集團同店銷售額」指「本集團銷售額」扣減可比期間新開門店、暫停營業時間較長或終止營業之門店的銷售額。3 「全球品牌銷售額╱毛利」包括佐丹奴於直營店、加盟店和一間合營公司之門市之所有零售銷售額╱毛利，按固定匯率計算。4 「存貨對成本流轉日數」指期末持有之存貨除以銷售成本乘以該期間日數。1 “Group sales” means consolidated sales compr