子不语2023 中期报告

Zibuyu Group Limited Stock Code: 2420(Incorporated in the Cayman Islands with limited liability) INTERIM REPORT2023 CONTENTS 2Corporate Information5Management Discussion and Analysis20Corporate Governance and Other Information34Condensed Consolidated Interim Statement ofComprehensive Income35Condensed Consolidated Interim Statement ofFinancial Position37Condensed Consolidated Interim Statement ofChanges in Equity38Condensed Consolidated Interim Statement ofCash Flows40Notes to the Condensed Consolidated InterimFinancial Information70Definitions 2ZIBUYU GROUP LIMITEDInterim Report 2023 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Hua Bingru(Chairman)Mr. Wang ShijianMr. Wang WeipingMr. Dong ZhenguoMr. Xu Shijian Non-executive DirectorMs. Hua Hui Independent Non-executive Directors Mr. Yu KefeiMr. Shen TianfengDr. Lau Kin Shing Charles AUDIT COMMITTEE Mr. Yu Kefei(Chairman)Mr. Shen TianfengDr. Lau Kin Shing Charles REMUNERATION COMMITTEE Mr. Shen Tianfeng(Chairman)Mr. Yu KefeiDr. Lau Kin Shing Charles NOMINATION COMMITTEE Dr. Lau Kin Shing Charles(Chairman)Mr. Hua BingruMr. Yu KefeiMr. Shen Tianfeng AUTHORIZED REPRESENTATIVESMr. Xu ShijianMs. Yu Anne JOINT COMPANY SECRETARIES Ms. Zheng HuanxinMs. Yu Anne PRINCIPAL BANKS 1 The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralCentralHong Kong 116 Hangzhou United Bank Shanxian Branch No. 116, Shenban RoadGongshu DistrictHangzhou, Zhejiang Provincethe PRC 108410 HEADQUARTERS IN THE PRC Room 410, No. 108, Xincheng RoadNanyuan StreetLinping DistrictHangzhou, Zhejiang Province, the PRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong AUDITOR 1022 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s Building10 Chater RoadCentralHong Kong 4ZIBUYU GROUP LIMITEDInterim Report 2023CORPORATE INFORMATION COMPLIANCE ADVISOR 1414402B Red Solar Capital Limited Unit 402B4/F, China Insurance Group BuildingNo.141 Des Voeux Road CentralCentralHong Kong HONG KONG LEGAL ADVISER 1532033207 Jingtian & Gongcheng LLPSuite 3203–3207, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentralHong Kong PRINCIPAL SHARE REGISTRAR ICS Corporate Services (Cayman)Limited3–212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746, Seven Mile BeachGrand Cayman KY1-1203Cayman Islands ICS Corporate Services (Cayman)Limited3–212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746, Seven Mile BeachGrand Cayman KY1-1203Cayman Islands HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor Hopewell Centre183 Queen’s Road EastWan ChaiHong Kong 2420 STOCK CODE2420 www.zbycorp.com COMPANY’S WEBSITEwww.zbycorp.com MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS OVERVIEW 2023 The Group endeavors to become a world-renownede-commerce operator of fashion apparel and footwearproducts to meet our global customers’ fashion needs on atimely and seamless basis. Our business in the first half of2023 is as follows: In the first half of 2023, our total revenue was approximatelyRMB1,375.3 million, representing a period-over-periodincrease of approximately 7.7%. The revenue increasewas mainly due to the increase in sales through third-partye-commerce platforms (especially our hot-selling productson the Amazon platform) and expansion of new saleschannels. 20231,375.37.7% 2023KOL In the first half of 2023, with the goal of covering all productcategories of footwear and apparel, we continued to expandour product categories. We have identified and focusedon various core brand directions and planned our productportfolio according to the category priorities. We alsodeveloped off-site marketing team to enhance the promotioncapabilities of social media and KOL. In the first half of 2023, we further adjusted our businessorganizational structure and implemented centralizedmanagement and allocation of resources in order to enhancemanagement efficiency and strengthen the flexibility andprofessional capabilities of our teams. In addition, weexpanded to new sales channels, such as Temu platform, tooptimize the Group’s revenue structure. 2023Temu In the first half of 2023, we had new breakthroughs interms of digitalization. We established a one-stop salesmanagement system to provide digital operation services fordaily operations, which significantly improved our operationalefficiency. 2023 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW 1,375.320221,277.57.7%1,001.32022969.13.3%10.3202261.383.2%0.0220226300.13 For the Reporting Period, the Group’s revenue wasapproximately RMB1,375.3 million, representing an increaseof approximately 7.7% when compared with approximatelyRMB1,277.5 million in the same period of 2022. Gross profitwas approximately RMB1,001.3 million, representing anincrease of approximately 3.3% when compared withapproximately