颐海国际2023中期报告

（於開曼群島註冊成立的有限公司）股份代號Stock Code: 1579(Incorporated in the Cayman Islands with limited liability) Interim Report2023 DefinitionsCorporate InformationFinancial SummaryManagement Discussion and AnalysisCorporate Governance and Other InformationInterim Condensed Consolidated Balance SheetInterim Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive IncomeInterim Condensed Consolidated Statementof Changes in EquityInterim Condensed Consolidated Statementof Cash FlowsNotes to the Interim Condensed ConsolidatedFinancial Information 7 10 11 41 43 44 45 BOARD OF DIRECTORS Executive Directors Mr. Sean Shi(Chairman)Mr. Guo Qiang(Chief Executive Officer)Mr. Sun ShengfengMs. Shu PingMr. Zhao Xiaokai Non-executive Director Mr. Zhang Yong Independent Non-executive Directors Mr. Yau Ka ChiMr. Qian MingxingMs. Ye Shujun AUDIT COMMITTEE Mr. Yau Ka Chi(Chairman)Mr. Qian MingxingMs. Ye Shujun REMUNERATION COMMITTEE Ms. Ye Shujun(Chairman)Ms. Shu PingMr. Qian Mingxing NOMINATION COMMITTEE Mr. Sean Shi(Chairman)Mr. Qian MingxingMs. Ye Shujun Corporate Information JOINT COMPANY SECRETARIES Ms. Yue DianhongMs. Chan Yin Wah AUTHORIZED REPRESENTATIVES Mr. Sun ShengfengMs. Chan Yin Wah AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered Public Interest EntityAuditor HONG KONG LEGAL ADVISER 1526 Kirkland & Ellis26/F, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong REGISTERED OFFICE P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1 – 1205 Cayman Islands P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY11205 Cayman Islands CORPORATE HEADQUARTERS 25001810 Room 1810No. 2500 Zhenbei RoadPutuo DistrictShanghai, PRC PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT INTHE CAYMAN ISLANDS Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY11100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1 – 1100Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchai, Hong Kong 24840 HONG KONG SHARE REGISTRAR 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong tzzgx@yihchina.com INVESTOR RELATIONS Email: tzzgx@yihchina.com www.yihchina.com WEBSITE www.yihchina.com STOCK CODE 15791579 2023 INTERIM PERFORMANCE REVIEW 2023 In the first half of 2023, as the economy had comprehensively resumednormal operation and the macroeconomic policies were graduallyunfolding effectiveness, the market demand gradually recovered,residents’ income grew steadily, and the overall economic operationwas improving in its entirety. The demand for retail products forhousehold consumption, which was spawned by the pandemic,resumed stable, while catering consumption showed a momentum ofcontinuing recovery. 2023 In the same period, the Group focused its main business on enhancingthe channel expansion, building and refined management, improvingthe product research and development mechanism and graduallyexpanding the business-end market, continuously implementingthe multi-brand strategy, while at the same time optimizing its ownproduction and supply capacity. B With respect to channel building, the Group continued to focus onrefined and standardized channel management. On the basis ofchannel segmentation, the condiments and instant food partnerswere divided according to the differences in product distribution indifferent regions. At the same time, the Group insisted on optimizingthe “partners” assessment system, and constantly improved themanagement system and personnel incentive system. The Groupstrengthened the construction of informatization-based managementand intelligent identification systems to improve the capture of changesin terminal data in a practical and effective manner. In terms of product research and development, the Group continuedto break through product research and development boundaries. Whilepursuing product taste and form innovation, the Group attached greatattention to consumers’ demand for extension of usage scenarios andcost-performance ratio. The Group always adheres to the “project-based products” system and combines it with continuously validated“theories of methodology”, under the guidance of which, the key nodesof research and development were implemented, and the researchand development team was guided to conduct in-depth researchon categories and industries. At the same time, the Group graduallyexpanded its business-end catering customers and overseas marketsto continuously enrich its product matrix to meet the multi-level anddiversified consumption needs of consumers. B Management Discussion and Analysis The Group kept implementation of the multi-brand strategy. In theexisting brand matrix, the